ChainCatcher news, Web3 intellectual property (IP) and game publisher MON Protocol has launched a new investment fund MON Ventures, led by 500 Global, focusing on seed-stage and pre-TGE investments in blockchain games and infrastructure. The fund is led by former executives from Ubisoft, Sony, EA, and will support global blockchain game studios.It is reported that 500 Global is one of the first partners of MON Ventures, having previously invested in companies like Reddit and Solana.

ChainCatcher news, Memeland officially announced that the MON Protocol on Stakeland is building the Nintendo of Web3, releasing and developing blockchain-native IP and games. It is launching simultaneously with the internally developed monster collection IP game Pixelmon and is the preferred game publisher for ecosystems such as Solana, Aptos, and Immutable. The subsequent MEME token staking will begin on Monday, May 20, 2024.

ChainCatcher news, the partner project of the NFT game Pixelmon, MON Protocol, has announced the tokenomics of MON. MON will be issued as an ERC-20 token with a total supply of 1 billion. The Pixelmon community will receive approximately 36% of the MON supply, which includes direct allocations and indirect allocations from the ecosystem fund. The specific allocation is as follows:Community Claims: 30%Community Sales: 6%Ecosystem Fund: 29%Team: 15%Strategic Sales: 13%Liquidity: 5%Launch Contributors: 2%All MON tokens will be unlocked within 48 months after the TGE.