Pixelmon Raises $8 Million to Build Pokémon-Like Franchise with NFTs and Crypto Games
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Pixelmon raised an $8 million seed round from investors like Animoca Brands and Delphi Digital to support upcoming game launches and a token launch.
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Pixelmon was acquired in 2022 by crypto VC firm LiquidX after backlash over its "ugly" NFT artwork.
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Pixelmon has released casual games like Kevin the Adventurer and is planning new titles and an RPG before the launch of its MON governance token in 2024.
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The MON token will power the Pixelmon ecosystem and games, allowing NFT holders to participate in decentralized governance.
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Through games, NFTs, merch, media, etc. Pixelmon aims to take a decentralized approach to building a franchise like Pokémon.