P

Pixelmon

Pixelmon is a Web3 monster-collecting game ecosystem

Performances

Comparison

Event Calendar

Feb 1, 2024
Pixelmon raised $ 8 M in Seed round

Related News

Follow Updates

Follow Lists

People

About Pixelmon

Pixelmon is an open-world RPG NFT game built around a player-owned IP model. Its core business includes game development and IP commercialization. The project operates two NFT systems: Genesis NFTs, which grant holders shared IP rights and royalty revenue from commercial use, and in-game NFTs for gameplay. Games include Kevin the Adventurer, PixelPals, and Hunting Grounds. Its key narrative is the Right-of-Game mechanism, which decentralizes IP ownership, allowing Genesis holders to participate in IP licensing and profit sharing, while players expand the ecosystem through free-to-play titles. The market pain point it addresses is the unsustainability of early play-to-earn models, which often prioritized short-term rewards over game quality and led to economic collapse. Pixelmon's solution separates collector and player roles, aiming to create a cycle where collectors drive IP value and players grow the user base. In the past six months, Pixelmon integrated its mascot Kevin into Yuga Labs' Otherside metaverse as a playable avatar for Gen 1 NFT holders. This move enhanced NFT utility and connected two prominent crypto gaming brands. The claim process was conducted through the project's Discord channel, keeping the benefit exclusive to early holders. No major negative events were reported in this period, though the project's 2022 launch faced criticism over art quality, which is outside the two-year window.

Updated: Sep 8, 2026

Pixelmon launched its Gen1 NFT via Dutch auction in February 2022, raising approximately $70 million, but the subsequent reveal of low-quality 3D models sparked intense community backlash.

In September 2022, Web3 studio LiquidX acquired the project, with Giulio Xiloyannis as CEO, pivoting to transparent development and rebuilding trust. Since then, casual games like Kevin the Adventurer and PixelPals were released, with the open-world game Hunting Grounds planned. In 2024, the MON token launched, but its market cap fell significantly from the listing price. Recently, Hyperliquid unilaterally changed the MON token symbol, raising questions about decentralization commitments and highlighting risks of relying on external infrastructure.

Updated: Sep 8, 2026

Giulio Xiloyannis (Co-Founder & CEO): Previously founded Saison Capital, a top-quartile fintech VC fund. Led Pixelmon's $8M seed round and transformed the project into a Web3 game studio.

Chris Sirise (Co-Founder & CPO): Ex-Grab product manager, co-founded LiquidX Studio with Giulio. Oversees product strategy and game design at Pixelmon.

Updated: Sep 8, 2026

Jun Hao Yap, who served as CTO since July 2023, has departed from Pixelmon. His departure marks a significant change in the project's technical leadership. No new hires were reported during this period.

Updated: Sep 8, 2026