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Home CRYPTO

From Mockery to Marvel: Pixelmon’s Insane Comeback Continues

Michael Juanico by Michael Juanico
February 12, 2024
in CRYPTO, DEFI, GAMING, NFT
Reading Time: 3 mins read
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  • Pixelmon launched in 2022 with poorly received NFT artwork but has rebounded under new ownership and $8 million in funding. The game will now launch on Immutable’s zkEVM blockchain.
  • Pixelmon originally generated $70 million from an NFT creature sale in 2022, but prices plunged due to ugly artwork. LiquidX later bought Pixelmon and overhauled its plans.
  • Pixelmon is debuting a MON token that will power a decentralized IP model. The token will launch as an ERC-20 with 30% set aside for community claims.

The Pokémon-esque crypto game Pixelmon is making a comeback. After a rocky start with poorly received artwork, the game has rebounded under new ownership. Pixelmon recently announced an $8 million funding round and plans to launch on Immutable’s zkEVM blockchain.

NEW: Pixelmon (@Pixelmon) is making the greatest comeback in NFT history

Revealing its latest partnership with Immutable $IMX

Here is everything you need to know 👇 pic.twitter.com/lN66sPK8Iy

— BlockNews.com (@blocknewsdotcom) February 12, 2024

Pixelmon’s Humble Beginnings

Pixelmon first launched in 2022 with an NFT creature sale that generated $70 million. But the creatures were widely ridiculed for their ugly artwork. The project’s founder called the artwork a “horrible mistake” and NFT prices plunged.

A Change in Leadership

But LiquidX bought the project later in 2022 and overhauled its plans. The new team created polished new artwork and revealed plans for multiple game releases. Earlier this month, Pixelmon announced an $8 million seed funding round.

Partnership with Immutable

Pixelmon will launch on Immutable’s zkEVM blockchain, which recently opened to developers. By building on zkEVM, Pixelmon aims to leverage advanced gameplay mechanics, efficient trading, and custom smart contracts.

The MON Token Launch

Pixelmon is debuting a MON token that will power a decentralized IP model. MON will be minted as an ERC-20 token, though it’s unclear if it will launch on Immutable or Ethereum. MON will have a total supply of 1 billion tokens, with 30% set aside for a community claim.

Conclusion

With new ownership, funding, artwork, blockchain integration and a token launch, Pixelmon has executed an impressive turnaround. The game is now poised to be a leading blockchain game in 2024. Immutable called Pixelmon “one of the main games” that will drive mainstream blockchain gaming adoption this year.

Tags: LiquidXMONPixelmonPokémonzkEVM blockchain
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University. He has been a Content Writer since 2019, covering a wide range of topics. His interest in crypto began in 2021, eventually becoming his main focus. For almost four years, he has worked with Aiur Labs and holds BTC, TRON, and a few memecoins.

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