*Project description: PIXELS is a play-to-earn game built on the Ronin Network, where players can own, trade, and develop in-game assets using blockchain technology, allowing for a decentralized gaming experience with real-world value.
*Type of project: Play-to-Earn (P2E) game on the Ronin Network. *Is it under a block?: Yes, PIXELS operates on the Ronin Network, which is a Layer 2 scaling solution built specifically for gaming, especially to support Axie Infinity and similar decentralized games. *Latest update or news: As of July 2024, PIXELS announced the launch of new in-game features, including a marketplace for trading in-game assets and customizable avatars, further boosting player engagement and the utility of PPIXEL tokens. *Narrative: Play-to-Earn (P2E), NFT gaming, and decentralized virtual economies.
*Why is it a good investment? *Institutional Backers and Angel Investors:
Sky Mavis (Creators of Axie Infinity): Sky Mavis, the team behind the Ronin Network and Axie Infinity, has supported PIXELS as part of the growing ecosystem of blockchain-based games on the Ronin Network.
Animoca Brands: A key player in the blockchain gaming space, Animoca Brands has invested in PIXELS to expand its reach in the play-to-earn sector and integrate NFTs into the gaming ecosystem.
Yield Guild Games (YGG): Yield Guild Games, a decentralized gaming guild that focuses on play-to-earn economies, has backed PIXELS, allowing its players to earn through the game while using their assets within the YGG community.
*Angel Investors:
Aleksander Larsen (Co-founder of Sky Mavis): While not directly confirmed as an angel investor in PIXELS, Larsen’s strong advocacy for the Ronin Network and play-to-earn ecosystems supports the development and promotion of PIXELS.
Gabby Dizon (Co-founder of YGG): Gabby Dizon has expressed interest in supporting play-to-earn games like PIXELS that help gamers earn real-world value through blockchain assets, though no direct investment is confirmed.
*Futuristic Use Case:
Play-to-Earn model: PIXELS allows players to earn real-world value through in-game activities, where they can buy, sell, and trade NFTs and digital assets. The more they engage, the more PPIXEL tokens they can earn.
NFT-based economy: With PIXELS, players can own their in-game assets as NFTs, giving them full control over buying, selling, or using these assets in different contexts, creating a player-driven economy.
Integration with other games on Ronin: Being part of the Ronin Network, PIXELS has the potential to integrate with other games in the ecosystem, allowing players to use their in-game assets across multiple platforms, creating a cross-game economy.
Metaverse potential: As the game evolves, PIXELS could expand into a broader metaverse environment, where players can interact with virtual worlds, trade assets, and build virtual economies that transcend individual games.
*Why will it make a significant amount of profits?
Unique competitive edge: PIXELS is built on the Ronin Network, which is already a proven platform for scalable blockchain games, offering low fees and high transaction throughput. This positions PIXELS ahead of P2E games on other blockchains that face scalability issues.
Growing player base on Ronin Network: As the Ronin Network continues to attract more players and developers through games like Axie Infinity, PIXELS benefits from being part of this growing ecosystem, driving demand for PPIXEL tokens as more users engage with the game.
P2E and NFT integration: PIXELS integrates the play-to-earn model with NFT ownership, allowing players to monetize their in-game activities and assets. This dual utility of PPIXEL tokens as both a reward and a medium for trading in-game assets makes it attractive to gamers and investors alike.
Sustainable in-game economy: The in-game economy of PIXELS is built around the trading and development of NFT assets, creating a sustainable revenue stream through transaction fees, marketplace sales, and NFT minting, which will drive the demand for PPIXEL tokens over time.
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