TLDR:
Widely mocked NFT project Pixelmon has raised $8 million in a seed round of funding, including investment from Animoca Brands, Delphi Ventures, and Foresight Ventures. This comes after Pixelmon rebranded its decentralized game franchise and launched a new casual side-scroller game, Kevin the Adventurer. Pixelmon is a decentralized gaming brand that is developing four games featuring its representative Pixelmon monsters. The project also features an intellectual property fractionalization system called Mon Protocol, which distributes the ownership of a trademarkable game character across NFT holders. The funding will be used to boost development across Pixelmon’s portfolio of casual and mid-core games.
