ChainCatcher news, the first decentralized game IP system Pixelmon has completed a $8 million seed round financing, with participation from Foresight Ventures, Animoca Brands, Delphi Ventures, Amber Group, Bing Ventures, Bitscale Capital, Cypher Capital, Mechanism Capital, Sfermion, Spartan Labs, VistaLabs, and angel investors such as Ray Chan, founder of 9GAG Inc., Kun Gao, founder and former CEO of Crunchyroll, Robbie Ferguson, co-founder of Immutable, Gabby Dizon, co-founder of Yield Guild Games, and the founder of Web3 consulting firm Emfarsis.The funds raised in this round will be used to continue developing its casual and mid-core game portfolio, including Arena (PVP survival competition), Hunting Grounds (open world RPG), Kevin the Adventurer (casual game), and PixelPals (casual game). In addition to games, Pixelmon also plans to empower its IP series through merchandise, trading card games (TCG), animated series, comic books, and more.Pixelmon is a decentralized Web3 game IP that provides asset ownership and revenue rights to Pixelmon series NFT holders through its IP fragmentation system.

ChainCatcher news, RPG NFT game Pixelmon CEO GiulioX stated on platform X that the token MON will be launched, and the token generation event (TGE) timing will depend on the roadmap of MON and the launch queue of mainstream CEX.GiulioX mentioned that the distribution of MON will prioritize the Pixelmon community, aiming to strengthen and expand the Pixelmon IP ecosystem, not just as a game token.

Chain Catcher news, the Web3 game Pixelmon recently raised $70 million through the sale of NFTs. The team has now announced the establishment of a new leadership team and released a new roadmap, transforming the previous 2D version NFTs into 3D collectibles, and integrating them into the upcoming Pixelmon online game as well as other metaverse games.According to the new roadmap, Pixelmon plans to launch the alpha testing version of the game by the end of 2022, with alpha testing starting in the first quarter of 2023, and the official release expected by the end of 2023. The Web3 venture studio LiquidX has previously acquired 60% of the Pixelmon project, and LiquidX co-founder Giulio Xiloyannis will serve as the CEO of Pixelmon. (Decrypt)