Blockchain-based gaming company Pixelmon raises $8 million in seed funding and plans to launch new games every three months, including a mini-game fo
Pixelmon, a crypto gaming project that initially faced criticism for its artwork, has secured $8 million in seed funding from investors such as Animoca Brands and Delphi Digital. The company has since improved its visuals and developed games around its crypto IP. Pixelmon plans to release a series of mini-games every three months, targeting different audiences and experimenting with new mechanics. The funding will help Pixelmon bring in valuable partners, according to CEO Giulio Xiloyannis. Pixelmon, a blockchain-based gaming company, is set to launch a mini-game in three months that focuses on player-to-player mechanics and experimentation with different chains. The company aims to emulate the success of franchises like Pokémon in a decentralized manner, using the Mon Protocol and upcoming MON token to incentivize and reward NFT holders who help grow the brand. The Mon Protocol allows for decentralized governance of the Pixelmon IP, giving monster NFT holders a say in decisions related to the species they hold. The MON token will power the Pixelmon games and is scheduled to launch in 2024, with a presale currently available for NFT holders.
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