A dragon in Pixelmon.
A dragon in Pixelmon.
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Pixelmon raises $8M as it seeks redemption for its ambitious Web3 games

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

Pixelmon has raised $8 million in seed investment for a series of Web3 games. In doing so, the company says it is on the path to redemption in games.

Pixelmon is a Web3 project that got off the ground in February 2022. Pixelmon sold 10,000 non-fungible tokens (NFTs), raising a huge amount of cryptocurrency (valued at $70 million at the time). That was enough money to budget a triple-A video game. But users were shocked when they saw the first shoddy art from Pixelmon. They accused it of being a scam, and didn’t have confidence in its youthful founder, Syber.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.