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Pixelmon rises from its dark past
This comeback story shows how old projects can be revitalised
The Metadata
April 10, 2023
GM. Let's get right into it.
Today we cover:
What went on in the markets on over Easter weekend
Pixelmon — is this a comeback story?
How Backpack and xNFTs are going to the next NFT breakthrough
New Projects Corner
Market Update — Quiet Easter Weekend
The Forkast 500 NFT index, which keeps an eye on top NFT collections, dipped just a tiny bit, around 1%, compared to last Friday. This small drop suggests that popular PFP NFTs are still going through a cooling-off period.
The Easter weekend was pretty chill in terms of price changes among the leading NFT collections. So, if you were hanging out with friends and family, enjoying the holiday, you didn't miss much in the NFT world. Hope you had an awesome time!
Pixelmon, A Comeback Story We Love
💲 What to know: Pixelmon is the latest comeback story in NFTs.
Over the past week, floor prices have surged 60%, now at around 0.6 ETH each.
☘️ In the weeds: Pixelmon's initial launch in February 2022 was marred by controversy, as it managed to sell out 10,000 NFTs at 3 ETH each, raising approximately $70 million. However, it soon became apparent that there was no real project or game behind the NFT collection, and the founder was revealed to be inexperienced and relying on artists from Fiverr to create the Pixelmon art.
This massive deception led to Pixelmon being labeled one of the biggest rug pulls in NFT history. It even created lots of memes, like Kevin below.
Since then however, Pixelmon was acquired by Liquidx Studio in September 2022, with @GiulioXdotEth as CEO. Most importantly, the mint funds ($50M) were also transferred to the studio.
Liquidx Studio has assembled a team of over 60 experienced game developers and designers to create a AAA game that the Pixelmon community was initially promised. The alpha game teaser has generated excitement, and the game is expected to have a demo in Q3 2023, with the full release slated for early 2024.
Here's the teaser of the alpha game, which looks pretty dope.
Borg isn't prepared for what's about to happen⚔️
— Pixelmon (@Pixelmon)
3:34 PM • Jan 17, 2023
Meanwhile, there's a staking game that allows you to earn additional NFTs before the game launches. You can stake Pixelmon trainers together with Pixelmons in order to earn rewards like serums and in-game equipment. Future Pixelmon evolutions will be happening later this month.
BTW we're not the only ones excited about Pixelmon:
Bought a @Pixelmon right after meeting @chris_sirise a few months ago in sg
One of the few times I've left a meeting way more bullish than I entered lol was v impressed
— loomdart - (FTX 2.0 Advocate) (@loomdart)
10:09 AM • Apr 9, 2023
🤑 Why it matters: Pixelmon's comeback story demonstrates that even projects with a dark past can be revitalized and find success in the NFT space with the right leadership, dedication, and community support.
Pixelmon has all the elements of a great comeback story — a headline-grabbing past, a large treasury/runway and a dedicated team. If you believe the Web3 gaming is going to be big, it's definitely one to watch for.
Today's News & Coolest Tweets
Gremplin allows Nakamigo holders to burn their NFT to receive a copy of his latest work "Fry Harvesters"
OpenSea makes bidding easier with a set new features released.
Moonbirds announces Diamond exhibition NFT drop for loyal holders, beginning April 26
Memeland plans to set up 69 validators on Ethereum, showing its faith in the ecosystem.
🐥 How Backpack could be the next NFT breakthrough
0/ Backpack and @MadLadsNFT Mega Thread
Why everyone should be paying close attention to the Mad Lads collection
The traditional crypto wallet is being reimagined with @xNFTBackpack, and Mad Lads have a front row seat
This tech is going to change the industry, buckle up lads
— Solana Legend 🎒 (@SolanaLegend)
2:22 PM • Apr 7, 2023
🐥 On Gucci items in Roblox and how it relates to Otherside pendants
I have a lot of discussions about the @gucci and @OthersideMeta koda pendants on Twitter. Let’s talk about past precedent of gucci game assets in @Roblox and what is different here.
I will be fair and balanced. Not a pro or fud against Yuga Labs. This is about information🧵
— Jonah 🎮 (@RealJonahBlake)
5:36 PM • Apr 9, 2023
🐥 Someone is bullish on Otherside Vessels
Wanted to break down a trade that I been dwelling on.
I think its key to share a bit of thought behind why I start to consider trades, entries, exits.
This one specifically, I do NOT HOLD ANY, at the moment.
My target entry is sub 0.4, if we dont get it I dont enter.
1/6
— Easy (@EasyEatsBodega)
4:45 PM • Apr 9, 2023
🐥 Ape holders keep getting their BAYCs phished
Yes my ape was stolen and I don’t know how this is crazy
— Dez Bryant (@DezBryant)
6:43 PM • Apr 7, 2023
🐥 OmniNFTs might start to take off
You may have heard about @LayerZero_Labs, but weren't sure what it is and how you would even use it.
I wrote two contracts that let you mint and transfer NFTs between Goerli and @LineaBuild's zkEVM to showcase how this can be a useful primitive.
Here's a simple user guide 🧵:
— cygaar (@0xCygaar)
10:36 PM • Apr 7, 2023
New Projects Corner
🍿 (Art) 90 miles, a post-photography collection minting on April 12
90 Miles is a post-photography AI reporting illustration experiment, curated by @_blockbird, exploring historical events and realities of Cuban life that have, since 1961, motivated Cubans to cross the 90 miles of ocean separating Havana from Florida.
1/8— MCB (@punk4803)
5:01 AM • Apr 4, 2023
🍿 (Art) New NFT project by 0xBender
🍿 (Unknown) Pluto, a mysterious new project to look out for
humans. meet Q2.
“h̶̦͓i humans, i am Q2.
i tried sending you a message.
i am fascinated by your kind.we must meet.”
— Pluto (@plutomisfits)
4:40 PM • Apr 5, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. Just sayin' 🥹
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Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.