Pitched as the ‘first AAA quality game of the NFT space,’ the play-to-earn open-world role-playing game can allow users to purchase NFT Pixelmon for astonishing prices. Recently, the developer launched a demo video of the game built on Unity Engine. A user cannot trade, battle, or capture any of the Pixelmon. However, they can purchase the Pixelmon and run around! The concept of the game sounds interesting and the monsters in the game are interactive NFTs. The project was launched in a Dutch auction starting at 3 ETH and was sold out in less than an hour. The project gained around $80 million in a span of an hour. However, it soon became a laughing stock in the NFT space. Pixelmon’s 3D NFTs, according to the buyers, are atrocious. Purchasers have taken to Twitter to share their losses upon finding that their Pixelmons do not look good at all. The NFT game’s founder Syber apologized to purchasers for their mistake. He explained that due to the enormous funding, the team was pushed to reveal the artwork that wasn’t ready. Syber assures purchasers that their team is pledging $2 million of the funds to redesign and remodel their NFTs with higher quality. Early morning today, a Twitter handle by the name ‘zachxbt’ shared a tweet, So @Pixelmon raised over $70m at 3 ETH per mint just for them to reveal like this. I think it’s fair to say all the buyers were rugged. Stop supporting cash grab NFT projects. pic.twitter.com/8VShQxNlgl — ...
SEC Hosts First-Ever Crypto Roundtable Today
