TLDR: Pixelmon, a decentralized web3 gaming IP company, has secured an $8 million seed investment from investors including Animoca Brands, Delphi Ventures, and Bing Ventures. The funding will be used to accelerate the development of upcoming games and enhance ownership of intellectual property and in-game assets. Pixelmon plans to revamp its free-to-play desktop title, launch a new hypercasual game called PixelPals, and release an open-world adventure game called Hunting Grounds. The company also aims to expand its decentralized IP ecosystem into merchandise, trading card games, animated series, and comic books.
Pixelmon, a decentralized web3 gaming IP company, has secured a seed investment of US$8 million from various investors, including Animoca Brands, Delphi Ventures, Amber Group, and Bing Ventures.
The funding will primarily be allocated towards the continued development of Pixelmon’s diverse portfolio, comprising both casual and mid-core games.
Following the launch of Kevin the Adventurer (KTA) in October 2023, Pixelmon introduced its first hypercasual game, which attracted 36,000 active players and over 10,000 hours of gameplay within the first month.
In addition to KTA, Pixelmon is gearing up for the launch of its second hypercasual game, PixelPals, in the first quarter of 2024.
Pixelmon’s commitment to its core IP is evident in its plans for upcoming releases, which include a revamp of its free-to-play desktop title, Arena, featuring survival-based horde gameplay and new Pixelmon abilities.
Pixelmon is also preparing for the launch of Hunting Grounds, an open-world adventure game with RPG elements and PvP autobattler tournaments.
Pixelmon aims to extend its decentralized IP ecosystem across various verticals, including merchandise, trading card games (TCG), animated series, and comic books, through franchises, sublicenses, and joint ventures.
The company’s intellectual property fractionalization system, Mon Protocol, enables the distribution of ownership rights to trademarkable game characters among NFT holders, allowing them to participate actively in the franchise’s long-term success.
Yat Siu, co-founder of Animoca Brands, highlighted the importance of this decentralized IP system in empowering creative communities and core fan bases to engage with the franchise, leveraging true digital ownership and network effects for sustained growth.
