In a significant move for the Web3 gaming sector, Pixelmon has announced securing an $8 million seed investment aimed at propelling a suite of Web3 games into the next stage of development. This infusion of capital marks a pivotal moment for Pixelmon, a project that launched with substantial fanfare in early 2022 through a notable NFT sale that initially raised funds equivalent to $70 million in cryptocurrency.
Under the guidance of LiquidX and its CEO, Giulio Xiloyannis, Pixelmon has undergone a transformation, not just in its visual and artistic direction but also in its foundational goals and objectives. The project has attracted attention and backing from influential figures in the Web3 and gaming communities. This includes partnerships and collaborations aimed at enhancing the gaming experience, such as developing an open-world survival game that combines elements of adventure and strategy.
The introduction of the Mon Protocol is a key innovation coming out of this new phase, offering a decentralized approach to intellectual property management within the Pixelmon ecosystem. This protocol allows for greater community involvement in the project’s direction, offering a blend of creative freedom and financial incentive.
With the latest round of funding, Pixelmon is set to expand its portfolio, focusing not only on game development but also on creating a broader ecosystem that includes merchandise, digital collectibles, and potentially branching into media like animated series and comic books. This holistic approach to building a gaming franchise underscores Pixelmon’s ambition to establish a lasting presence in the industry.
