Pixelmon, a crypto game reminiscent of Pokemon, aims for a comeback using fractionalized nonfungible tokens (NFTs) under the leadership of CEO Giulio Xiloyannis.
Pixelmon, initially ridiculed for its lackluster NFT offerings despite a hefty $70 million funding, now seeks redemption with fractionalized NFTs.
Upon acquisition in May 2022, CEO Xiloyannis recognized the need for a complete overhaul of Pixelmon's artwork to revive the project's appeal.
Despite criticisms, the iconic character "Kevin" remains untouched, symbolizing the resilience within the blockchain industry.
Xiloyannis simplifies the concept, likening it to owning royalties for Pikachu's usage in the Pokemon franchise.
Pixelmon adopts a free-to-play model, allowing NFT holders to earn royalties when their monsters' likeness is utilized beyond the game.
MON Protocols' native token, MON, is distributed as royalties to Pixelmon NFT holders based on the rarity of their assets.
Xiloyannis highlights risks, including the subjective nature of fractionalized IP ownership and potential distributional disparities among holders.
Pixelmon's decentralized governance model empowers the community to vet licensing agreements, ensuring collective decision-making.
Anticipation builds for Pixelmon's upcoming releases, with "Battle Arena" scheduled for later in 2024 and "Hunting Grounds" in 2025.
Immutable's $100 million fund and Pixelmon's $8 million seed investment signify growing optimism and support within the crypto industry.
Binance NFT platform will cease Bitcoin NFT trading and deposits starting April 18th, 2024, at 14:00 GMT. Additionally, related airdrops and benefits will be terminated from April 10th, 2024. Users are urged to withdraw their NFTs before the specified dates to avoid potential losses.
Cheng YuanMemeland introduces Memenet, a blockchain dedicated to meme coins, aiming for a secure, cost-effective ecosystem. With plans for EVM compatibility and native revenue mechanisms, Memenet targets a September launch.
Cheng YuanMunchables GameFi platform, operating on Ethereum Layer-2 via Blast, suffered a $63 million exploit, alarming the crypto-gaming community. The breach, meticulously executed, extracted 17,413 ETH and prompted concerns about blockchain gaming security. Pre-exploit, Munchables offered GameFi features, incentivizing users with Blast ETH and USD to farm rewards. The incident underscores the need for heightened security in crypto gaming. The aftermath entails addressing vulnerabilities and possibly advocating for industry-wide standards. This exploit serves as a reminder of decentralized app risks, emphasizing robust security measures' necessity.
SanyaBlackRock's recent $100 million deposit into USD Coin (USDC) on Ethereum marks a notable shift towards memecoins and NFTs. This move accompanies the establishment of a tokenization fund and reflects BlackRock's evolving stance on digital assets. Led by Chairman and CEO Larry Fink, BlackRock's vision includes tokenizing financial assets on Ethereum, aiming for a unified ledger. Despite initial skepticism, BlackRock's embrace of cryptocurrencies and NFTs underscores a changing tide in traditional finance.
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JinseFinancePixelmon transitions from an NFT debacle to a promising crypto project with a $8M raise, strategic partnerships, revamped games, and a community-driven future with the MON token.
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CointelegraphThis year's Cannes Film Festival will come as scheduled in late May. Are you looking forward to the VR films?
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