Despite the hefty mint price, the upcoming open-world RPG game Pixelmon raised $70 Million in primary sales! The project aims to build “one of the biggest multiplayer P2E games in the Metaverse” inspired by Pokémon, the Pixelmon mod, Skyrim and Avatar the Last Airbender.
The team confidently assured the community that with the fresh funds, they now have everything they need to start building. Pixelmon tweeted, “Yes, it will take longer than the average NFT game to release. The thing is, we don’t plan on building an average NFT game.” The development will be complete around the 3rd quarter of 2022.
Closer Look: Pixelmon’s Mint Day
The team auctioned off 20 Pixelmon Trainers over four rounds. The main catch is that the winning bidders will have a guaranteed Pixelmon Generation 1 NFT airdropped to them after the mint. As of press time, the floor price is through the roof and has climbed to 13 ETH ($40,000)!
Meanwhile, the Pixelmon Gen 1 NFTs had a starting price of 3 ETH and went down by 0.1 ETH every 10 minutes until it was completely sold out. So the hugely successful drop followed the Dutch-style auction. As of press time, the Collection of 8,1000 NFTs pulled in 5500 ETH ($16.9 Million) tradeable volume on OpenSea. Then, the floor price stabilized at 1.1 ETH ($3300).
The numbers are certainly looking good for an upcoming project with months of development to go!
Since the mint price was hefty and the floor price has shot up, the barrier to entry is extremely high. The team plans to address this early on by introducing the Pixel Pass. Basically, this is for aspiring Pixelmon Trainers who couldn’t participate.
A Pixel Pass gives exclusive access to the Alpha version of the game when it releases. It also comes with a limited edition item within the virtual world of Pixelmon and more. The best part is that it will be a free mint for select community members!
NFT Influencers Calling Out Red Flags
The mint day went smoothly but there’s a brewing controversy. NFT Influencers are sounding the alarm and calling out red flags about the project. @oxbender explained, “Pixelmon raised $70m for a game that isn’t anywhere close to being finished, encouraged people to buy the peak of their DA and did it all by growing their socials/discord to enormous sizes to give off an illusion of desire. The NFT space is doomed if it cannot recognize red flags.”
He is referring to the controversial tweet of Pixelmon’s founder, @Syberer. It reads: “Pixelmon is the next blue chip. This is financial advice. Don’t do your own research.”
@discoverXnft also expressed his disbelief that an “unreleased hyped project” raised such a huge amount.
Needless to say, the coming months would be exhilarating for the community. Follow them on Twitter to catch the latest news!
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