• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why BTC Might Explode to $150K 🌕

2025-06-14

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    How and When Do I Take Bitcoin Profits? | Top Altcoins

    2025-06-14

    Why BTC Might Explode to $150K 🌕

    2025-06-14

    Why Bitcoin Core Is Bitcoin

    2025-06-14

    🔥 Fri Fire: Gold & Oil Up, Bitcoin & Crypto Dive

    2025-06-13

    Bitcoin’s Red Light District Future?

    2025-06-13
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»NFT»Widely mocked NFT project Pixelmon raises $8 million in seed round including Animoca Brands
NFT

Widely mocked NFT project Pixelmon raises $8 million in seed round including Animoca Brands

2024-02-01No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Pixelmon’s art reveal for its $70 million NFT sale in February 2022 was described as terrible, horrible and hilariously ugly. Since then the project has been trying to turn its fortunes around.

By September 2022, the project had replaced the artwork, brought in a new leadership team and outlined a new roadmap. Then in October 2023, it launched casual side-scroller game, Kevin the Adventurer, something that boosted the NFT project’s floor price — the lowest price on offer — from 0.35 ETH ($800) to a peak of 1.85 ETH ($4,200).

Its latest move is an $8 million seed investment from prominent investors including Animoca Brands, Delphi Ventures and Foresight Ventures (the parent company of The Block).

The funding round also attracted participation from investors including Amber Group, 9GAG Founder Ray Chan and Immutable Co-Founder Robbie Ferguson, according to a press release.

What is Pixelmon?

Pixelmon is a decentralized gaming brand consisting of mythical creatures of the same name. It is owned by Pixelation Labs, a subsidiary under Singapore-based Web3 venture capital LiquidX Studios.

Giulio Xiloyannis, chief executive officer of Pixelmon and co-founder of LiquidX, told The Block that Pixelmon is currently developing four games, including PixelPals, which is slated for release this month. All four games will feature the company’s representative Pixelmon monsters, he added.

With its intellectual property fractionalization system, Mon Protocol, Pixelmon said it distributes the ownership of a trademarkable game character across NFT holders, giving them rights to the IP that grows alongside the community and game ecosystem.

“The decentralized IP system that Mon Protocol is establishing is significant because it will empower creative communities and IP core fan bases to participate actively in the long-term success of a consumer franchise, taking full advantage of true digital ownership and network effects,” Yat Siu, co-founder of Animoca Brands, said in the statement.

See also  Starbucks shutters its ‘Odyssey’ NFT program

Pixelmon said that the team plans to use the newly raised capital to boost development across its portfolio of casual and mid-core games.

Animoca Brands including Million mocked NFT Pixelmon Project raises Seed widely
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

US Treasury sanctions Philippines tech firm over aiding $200 million pig butchering spree

2025-05-30

240 MILLION People JUST Forced Into Bitcoin | IMF COLLAPSE Happening!

2025-05-29

DO NOT BE AFRAID JUST BUY BTICOIN! [before its 1 million]

2025-05-27

Best Crypto Presale to Buy Now?! Solaxy Raises $32,000,000 – Next 10X Crypto?!

2025-05-01
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Challenging the Howey Test’s Application to NFTs

2024-03-21

Non-fungible tokens (NFTs) are unique digital assets that can represent anything from art and music…

Analysis

Bitcoin on the Verge of Deep Corrective Move Following BTC Rally to $30,000, According to Top Trader

2023-10-17

A trader who nailed Bitcoin’s (BTC) 2018 bear market bottom believes that the crypto king…

Blockchain

SubQuery Integrates Fully with zkSync Era to Boost Blockchain Development

2023-10-10

SubQuery, a prominent blockchain developer, just announced its full integration of zkSync Era. Developers in…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why BTC Might Explode to $150K 🌕

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 106,931.65
ethereum
Ethereum (ETH) $ 2,568.95
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.23
bnb
BNB (BNB) $ 651.99
solana
Solana (SOL) $ 150.50
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273867
dogecoin
Dogecoin (DOGE) $ 0.172377
staked-ether
Lido Staked Ether (STETH) $ 2,565.06
bitcoin
Bitcoin (BTC) $ 106,931.65
ethereum
Ethereum (ETH) $ 2,568.95
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.23
bnb
BNB (BNB) $ 651.99
solana
Solana (SOL) $ 150.50
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.273867
dogecoin
Dogecoin (DOGE) $ 0.172377
staked-ether
Lido Staked Ether (STETH) $ 2,565.06