Pixelmon NFTs are seeing a rise in popularity. What resulted in the revival of the pokemon-inspired Metaverse project? The volume of Pixelmon NFT saw a rise of over 300% in the past week, according to DappRadar. The daily volume as of writing is nearly $20,000, and the floor price is at 0.575 ETH.
Pixelmon: What is it? Pixelmon is an open-world role-playing NFT game. The players will be able to train, trade, fight and evolve their Pixelmon NFTs similar to pokemon once the metaverse is live. According to the roadmap on the official website, an alpha version of the game is set to release in Jan 2023. It will only be open for the holders of the Pixelmon NFTs.
The project launched its first NFTs on Feb 7. They raised $70 million from the launch. The starting price of each NFT was 3 ETH. The token and land release is expected in Jan 2023.
Pixelmon disappoints with initial launchThe NFT launch was a huge success, but the team didn’t reveal the art at the time of minting. The team revealed the art on Feb 25, more than two weeks after the launch. The delay in the art reveal wasn’t the only factor for the disappointment. Before the launch, the Pixelmon team declared that the Pokemon-Inspired Metaverse is set to become “the largest, highest quality game NFT space has ever seen.” However, the community was greatly shocked when the team revealed the art because it was nowhere near the “highest quality” promised.