Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Widely ridiculed NFT project Pixelmon has raised $8 million in a seed round, including from Animoca Brands.
ADOPTION NEWS

Widely ridiculed NFT project Pixelmon has raised $8 million in a seed round, including from Animoca Brands.

By Crypto FlexsFebruary 2, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Widely ridiculed NFT project Pixelmon has raised  million in a seed round, including from Animoca Brands.
Share
Facebook Twitter LinkedIn Pinterest Email

Pixelmon’s art reveal for a $70 million NFT sale in February 2022 was described as follows: Horrible, is both hideous and delightfully ugly. Since then, the project has been trying to change its fate.

By September 2022, the project had replaced its pieces, established a new leadership team, and outlined a new roadmap. Then, in October 2023, it launched Kevin the Adventurer, a casual side-scrolling game that drove the NFT project’s lowest price (suggested minimum price) from 0.35 ETH ($800) to a high of 1.85 ETH ($4,200).

The latest move is an initial investment of $8 million from high-profile investors. Includes Animoca Brands, Delphi Ventures, and Foresight Ventures (the parent company of The Block).

According to a press release, the funding round also attracted participation from investors including Amber Group, 9GAG founder Ray Chan, and Immutable co-founder Robbie Ferguson.

What is Pixelmon?

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

Pixelmon CEO and LiquidX co-founder Giulio Xiloyannis told The Block that Pixelmon is currently developing four games, including PixelPals, which is scheduled to launch this month. He added that all four games will feature the company’s representative Pixelmon monsters.

Pixelmon said it distributes ownership of trademarked gaming characters to NFT holders through Mon Protocol, an intellectual property division system that gives them rights to IP that grows with the community and gaming ecosystem.

“The decentralized IP system that Mon Protocol is building is important because it empowers the creative community and IP core fan base to actively participate in the long-term success of their consumer franchises by taking full advantage of true digital ownership and network effects.” Siu, co-founder of Yat Animoca Brands, said in his statement:

Pixelmon said the team plans to use the newly raised capital to fuel development across its portfolio of casual and midcore games.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025
Most Popular

Why do OP_CHECKSIG/OP_CHECKMULTISIG remove signatures from subscripts?

April 25, 2024

DePIN projects to watch in 2024 include:

March 9, 2024

Exploring expected surge in NFT gaming market by 2030

February 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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