Pixelmon
Famous for a botched NFT reveal, its games stalled at 'not good enough'
A Pokémon-inspired creature-collecting game franchise built around a 10,000-piece NFT collection, rebuilt after 2022 by the crypto venture studio LiquidX into a slate of casual and mid-core games.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 2024 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Giulio Xiloyannis | Sep 2022 – end | Unknown | — |
Timeline
7 February 2022
The collection sold out in under a day. The artwork reveal later that month was widely mocked, and the project lead apologised.
26 September 2022
Pixelmon announced new leadership and a new roadmap after LiquidX took a reported 60% stake, with alpha testing moved to early 2023 and the full game promised for late 2023.
October 2023
A casual side-scroller, the first game the rebuilt team shipped.
30 January 2024
Four games were in development at the time, including PixelPals, Hunting Grounds and a rebuilt Pixelmon Arena, alongside a planned MON token.
2025
14 September 2026
How it ended
Pixelmon told its community on Discord that it was ending all game development after a three-week test in which outside publishers bought players for its games and measured retention but made no long-term offer. The publishers asked for more polish and a second test; the company declined, saying it had been in 'not too bad but not good enough' territory for over two years. The gaming team was given notice and the games are being taken offline. A smaller team stayed on to look for a non-gaming business. The company said refunds were not possible because of its shareholder structure, and that it would close if no viable business was found.
Still alive
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Sources
7 sources behind this page.
- 1Pixelmon ends game development after failed publisher playtest · BlockchainGamer.biz · Sep 2026
- 2Pixelmon NFT Reveal Disappoints With Hilariously Ugly Art · CoinDesk · Feb 2022
- 3Pixelmon ends game development after failed publisher test · Crypto Briefing · Sep 2026
- 4Pixelmon shuts down game development after inconclusive publisher test · crypto.news · Sep 2026
- 5From NFT Punchline to $8 Million Raise, 'Pixelmon' Preps for MON Token Launch · Decrypt · Feb 2024
- 6NFT Game Pixelmon Attempts Comeback After $70M 'Horrible' Art Reveal · Decrypt · Sep 2022
- 7Pixelmon Secures $8 Million in Seed Funding · PlayToEarn · Feb 2024
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