Decentralized Gaming IP System Pixelmon Raises $8 Million in Seed Funding

According to Foresight News, Pixelmon, the first decentralized gaming IP system, has completed an $8 million seed funding round. Participants in the funding round included Foresight Ventures, Animoca Brands, Delphi Ventures, Amber Group, Bing Ventures, Bitscale Capital, Cypher Capital, Mechanism Capital, Sfermion, Spartan Labs, VistaLabs, and angel investors such as 9GAG Inc. founder Ray Chan, Crunchyroll founder and former CEO Kun Gao, Immutable co-founder Robbie Ferguson, Yield Guild Games co-founder Gabby Dizon, and Emfarsis founder. The funds raised in this round will be used to continue the development of Pixelmon's casual and mid-core gaming product portfolio, including Arena (PVP survival competition), Hunting Grounds (open-world RPG), Kevin the Adventurer (casual game), and PixelPals (casual game). In addition to games, Pixelmon also plans to empower its IP series through peripheral merchandise, trading card games (TCG), animated series, and comic books. Pixelmon is a decentralized Web3 gaming IP that provides asset ownership and revenue rights to Pixelmon series NFT holders through its fragmented IP system.