Pixelmon raises $8 million as it seeks redemption for its ambitious Web3 games

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Pixelmon has raised $8 million In seed investment For A series of Web3 Games. In TO DO SO, THE business said he East on THE path has redemption In games.

Pixelmon East A Web3 project that obtained disabled THE ground In FEBRUARY 2022. Pixelmon sold 10,000 non-fungible tokens (NFT), breeding A huge Rising of cryptocurrency (estimated has $70 million has THE time). That was enough money has budget A triple-A video game. But users were shocked When they saw THE First of all bad quality art Since Pixelmon. They accused he of be A scam, And doesn't to have trust In It is young founder, Syber.

In A little month, Based in Singapore LiquidX, A Web3 adventure capital studio, took on 60% control of Pixelmon For A total, After taxes And other expenses, of about $40 million (with prices down After THE crypto walk accident). In September 2022, LiquidX begin on A long road has regain credit For Pixelmon, And Syber became A minority shareholder.

THE original Pixelmon art was not impressive.

As A example of THE redemption, THE business has major credible Web3 investors proof It is progress NOW, said Jules Xiloyannis, CEO of LiquidX, WHO spoke with GamesBeat A year There is And Again This week In interviews. He sharp has THE big success of World Pal with It is "Pokémon with fire arms" survival game, which has had 19 million players In just 13 days.

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THE world of Pixelmon takes place In THE mythical world of Nova Thera, Or trainers, THE creature companions, must lead their team of Pixelmon has victory. Xiloyannis said her the company Pixelmon open world survival game East more as "Pokémon with swords And Shields," close has "Pokémon meets Game of Thrones. »

THE projects art And 3D creatures to have has been reworked And bright while THE team keep on going has develop THE expansive game world in front of It is major launch In T1. THE team Also introduced developments has THE Genesis Pixelmon collection, provide ownership rights And to access has A under-pool of Licence income For each the creature IP.