$70 Million Later, Pixelmon Founder Calls Revealing Artwork “A Horrible Mistake”

After much anticipation and a $70 million mint, the work reveals for Ethereum NFT Pixelmon game project is crashed on social media.

Syber, the founder of Pixelmon, called the revelation “unacceptable”, but said development of the project would continue. (NFT are unique blockchain tokens that signify ownership of a digital asset. In the case of Pixelmon, each NFT signifies ownership of an in-game asset.)

When the game launches, according to the Pixelmon website, players will be able to catch other Pixelmon and collect them as NFTs in an open-world RPG. The first collectibles that hit “are playable collectibles from genesis” that won’t be available to grab in-game. Holders of the first set of NFTs will also have “exclusive access to a Pixelmon land airdrop.”

Pixelmon mint prices – the cost of buying an NFT in a primary sale – started at 3 ETH (about $8,100) and slowly declined through a Dutch auction format, meaning that some mints cost less than 3 ETH.

Some on Twitter expressed their disappointment with the artwork, saying it was comical how much was paid for the pixelated NFTs, while others said some of the NFTs were “broken” and accused the project of being a swindle.

Over the weekend, Syber spoke about what happened, saying the NFTs that hit didn’t accurately reflect what the in-game assets would look like. On Discord, he apologized and said that the OpenSea NFT reveal was “a horrible mistake”.

“The plan was always to use the funds raised from the mint to create proper and better models,” he wrote. on Twitter, adding that NFTs “are editable and now look like poor quality – we recognize that – they will be improved”. He also said that “funds raised will be used to build Pixelmon”.

“The goal was to create the first AAA NFT game,” Syber added.

Some of the Pixelmon assets appear to have been based on stock Unity models.

“We bought a lot of assets for our prototype on Unity…they weren’t used in our NFTS,” Syber said on the Pixelmon Discord server during a Community AMA on Saturday. “Our intention was never to use these assets in the end game.”

“We need time to develop the game,” Syber said, adding that “we’ll be aiming for an alpha release before the end of this year.”

In December, Syber tweeted: “Pixelmon is the next blue chip. It’s financial advice. Don’t do your own research.” The statement plays on the frequently said phrases “No financial advice” and “Do your own research” used by crypto influencers.

the NFT game space explodes, with flagship titles like Axie Infinity now rated at more $3 billion and the digital card game Exploded Earths partnership with Warner Music Group to include musicians in future games. But many blockchain game projects have faced a backlashand Pixelmon probably won’t be the last.

Twitch streamer and Axie Infinity gamer Brycent has been following the blockchain gaming space closely for about a year now and runs an esports guild, Loot Squadwhich is supported by Digital Delphi.

“Pixelmon is actually a snippet of a game modified by Minecraft,” Brycent said. Decrypt. “So in a sense another developer on Minecraft created the whole Pixelmon ideaand it was already something that was in the world of Minecraft…as Axie created its own IP, its own process.” This mod, according to Brycent, was directly inspired by Nintendo’s Pokémon.

It’s going to be very difficult for the Pixelmon team to be able to deliver value that justifies a price of 3 ETH,” Brycent added. “And when you raise $70 million, that means you have to be able to provide a value of 70 million dollars. .”


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