Immutable, the agency behind a pair of gaming-centric Ethereum scaling networks, introduced a partnership on Monday with LiquidX, the studio behind the Pokémon-esque battle enviornment recreation Pixelmon. Underneath the settlement, Pixelmon will launch on the Immutable zkEVM blockchain, which not too long ago opened to pick builders in an early entry mode.
Pixelmon first launched in 2022 with an NFT creature sale that generated $70 million, however shortly turned the goal of ridicule when the clunky monster paintings was revealed. The mission’s unique founder known as the paintings a “horrible mistake,” and NFT costs plunged.
However LiquidX purchased the mission later in 2022 and set about overhauling its plans with polished new paintings and plans to launch a number of video games, giant and small. Earlier this month, Pixelmon introduced that it had raised an $8 million seed funding spherical forward of the debut of a MON token that may energy a decentralized IP mannequin.
By constructing on Immutable zkEVM, powered by Polygon’s zkEVM expertise, Pixelmon goals to leverage “customized sensible contract help, superior gameplay mechanics and tokenomics, and an environment friendly buying and selling expertise,” in accordance with a press launch.
“Pixelmon is an unimaginable turn-around story, and is specializing in delivering their flagship title with a seamless consumer expertise,” Immutable co-founder and President Robbie Ferguson stated, in a launch. “They’re one of many predominant video games I might be taking a look at to assist drive mainstream exercise in 2024.”
Pixelmon has been sharing an increasing number of particulars about its impending MON token, together with tokenomics and a group pre-sale. MON will probably be minted as an ERC-20 token, but it surely’s not but clear whether or not the token itself will probably be minted on Immutable zkEVM or maybe the Ethereum mainnet.
MON TOKENOMICS OVERVIEW
MON will probably be issued as an ERC-20 token. On the token genesis occasion (TGE), 1 billion MON tokens will probably be created as the entire token provide, which is able to by no means improve. MON will probably be distributed and unlocked as follows:
Complete Provide: 1B
Neighborhood Declare: 30%… pic.twitter.com/GxoO4xpIKo— MON Protocol 🐉 $MON (@monprotocol) February 12, 2024
Decrypt’s GG requested an Immutable consultant for clarification, however didn’t instantly obtain a response.
Editor’s observe: This text was written with the help of AI. Edited and fact-checked by Andrew Hayward.