According to DappRadar data, the number of independent users of the blockchain game Pixels continues to rise, reaching 1.54 million, ranking first in the entire RON ecosystem and far ahead of the second place. With the BTC price reaching a new high and the total value of the global cryptocurrency market reaching a high of $2.24 trillion, the global cryptocurrency industry has ushered in a new round of outbreak since November 2021, and a large amount of funds have begun to enter Web3.
The blockchain game sector, which once gave birth to Axie Infinity and STEPN and led the bull market in 2021, has attracted a new wave of users and institutions to enter the market. Since the beginning of this year, blockchain games have experienced explosive growth, with the total number of blockchain games increasing from 2,081 in January 2023 to 2,877 in January 2024. This indicates that the number of active users of blockchain games has significantly increased, and the Web3 game market is accelerating its expansion.
According to the official announcement of The First, PIXEL (Pixels) will be launched on the spot market at 16:00 (UTC + 8) on May 14, 2024, with the intention of finding a combination of "new GameFi public chain and high-quality game assets on the chain" and "new public chain + new game".
What is PIXEL (Pixels)?
Pixels (Pixel Farm) is a Web3 game and platform launched in 2021 that combines social, casual, and open world elements. Pixels recreates the atmosphere of classic 16-bit role-playing adventures, allowing players to navigate the pixel art world, interact with each other, farm the land, play mini-games, and earn token rewards. It also allows holders of selected NFT profile picture (PFP) collectibles to use their own avatars in the game.
Pixels believes that players should have their own in-game items and assets, and Web3 has ushered in a new era of game growth, making them more competitive than Web2 games.
To ensure the stable operation of a P2E game, the team needs to have mature thinking. The Pixels team's concept can be understood from three aspects: game fun, interoperability, and decentralization.
In terms of fun , Pixels is designed to allow all types of users to experience the fun of the game. Community KOL @0xPixelPenguin believes that Pixels provides a rich variety of gameplay and ecology to meet the needs of different groups of people. Professional players can choose to invest money to create their own Land NFT and earn land taxes by letting other players plant on their land; ordinary players can earn wages by "working". In addition, players can also participate in team-led irregular activities (such as Thanksgiving turkey, Easter eggs, etc.) to earn rewards.
In terms of interoperability , Pixels fully utilizes the unique advantages of blockchain games - achieving the first NFT integration, allowing users to connect their Metamask wallet to the Pixels world and use their NFT as a character in the game. According to the Pixels team, more than 50 NFT collections have been integrated so far. The team believes that the discussion of the metaverse refers to an interconnected grid of adventures, games, and spaces, where players' digital identities can flow freely.
In the concept of decentralization , Pixels has taken a product-first approach to gradually achieve decentralization. Early decentralization was mainly reflected in the ownership of game items on the chain, but many game mechanics were executed on the server side, which helped to speed up development speed, shorten response time, and improve players' gaming experience. In the future, the team plans to gradually migrate the actual implementation of the mechanism to the chain and contract.
Early decisions will be mainly made by the Pixels team to focus on the long-term health of the ecosystem in the early stages. The team is considering establishing a decision-making system that allows for decentralized financial management and economic planning. As the game and ecosystem mature, more and more systems will gradually achieve decentralization.
Pixels migrated from Polygon to the Ronin network at the end of last year. The latter is an Ethereum Virtual Machine (EVM) chain developed by Sky Mavis, the developer behind the well-known blockchain game Axie Infinity. Therefore, with the popularity of Pixels games, the price of Ron tokens has also been rising in recent months.
The team is led by Luke Barwikowski, the founder of pixels.xyz. Luke started his programming journey at the age of 12, demonstrating his early interest in technology. Notably, he built and successfully sold an app at the age of 18, demonstrating his entrepreneurial skills.
Their games are loved by users worldwide. This diverse expertise has made Pixels the forefront of blockchain gaming innovation. The team is committed to providing excellent gaming experiences and driven by a shared vision for the future of gaming.
II. PIXEL (Pixels) Token Economics
In February 2022, Pixels completed a $2.40 million seed round financing, led by Animoca Brands and PKO Investments, with participation from OpenSea.
In February this year, Pixels announced the completion of a $4.80 million strategic financing, with participation from Framework Ventures, Collab + Currency, Volt Capital, Yield Guild Games, Sky Mavis, Tokenmetrics Ventures, Forj Network, Mechanism Capital, Fenbushi Capital, and individual investors including Alex Svanenik, CEO of Nansen.
Pixels uses a dual token system, namely BERRY and PIXEL. PIXEL is the native utility and governance token in the Pixels ecosystem, with a total amount of 5 billion, initial circulation 770 million (15.42%), of which Binance Lanchpool releases 7% of the total tokens.
In the early stages of the game, $BERRY is obtained through the in-game store. Players will be able to sell their generated resources to our in-game store in exchange for $BERRY.
The main destruction mechanism is to promote players to further develop in the game cycle by purchasing in-game items, unlocking in-game items for new industries, activities, regions, tasks, and content. Players who do not own land also need $BERRY to maintain their land.
Pixels have several levers to adjust the input supply of $BERRY, including controlling the generation of resources (adjusting resource replenishment time, the number of inputs required to generate resources, the output of given resources, the effort to harvest particle resources, and the energy required to complete certain actions) and adjusting the price of the in-game store.
In the future, Pixels may also limit or even remove in-game stores and completely stop minting new $BERRY.
In-game currency:
All future NFT coins from Pixels will exist in the form of PIXEL.
VIP Membership: Users will be able to purchase VIP Battle Pass with PIXEL.
· Agency: Users will be able to join new social networking features (agencies) using PIXEL.
Quality of life upgrade: Premium gaming features will be sold at PIXEL prices.
② Governance: PIXEL will eventually be used to govern community coffers
Unlike $BERRY, the supply of $PIXEL will be strictly controlled and predictable. 100,000 new $PIXEL will be minted every day. Then, the new $PIXEL will be distributed to active players who participate in expected behavior patterns that benefit the Pixels ecosystem.
A large part of the allocation of $PIXEL is to complete various tasks, tasks, or find specific items through a daily reward system. The team also rewards other behaviors, such as creating unique user-generated content, motivating more customer engagement, interacting with the community, and so on.
Sector rotation is an inherent part of the crypto bull market. After AXS steps down from the blockchain gaming pedestal, it remains to be seen whether Pixels can take up the new leading position in the blockchain gaming industry.
The blockchain game sector, which once gave birth to Axie Infinity and STEPN and led the bull market in 2021, has attracted a new wave of users and institutions to enter the market. Since the beginning of this year, blockchain games have experienced explosive growth, with the total number of blockchain games increasing from 2,081 in January 2023 to 2,877 in January 2024. This indicates that the number of active users of blockchain games has significantly increased, and the Web3 game market is accelerating its expansion.
According to the official announcement of The First, PIXEL (Pixels) will be launched on the spot market at 16:00 (UTC + 8) on May 14, 2024, with the intention of finding a combination of "new GameFi public chain and high-quality game assets on the chain" and "new public chain + new game".
What is PIXEL (Pixels)?
Pixels (Pixel Farm) is a Web3 game and platform launched in 2021 that combines social, casual, and open world elements. Pixels recreates the atmosphere of classic 16-bit role-playing adventures, allowing players to navigate the pixel art world, interact with each other, farm the land, play mini-games, and earn token rewards. It also allows holders of selected NFT profile picture (PFP) collectibles to use their own avatars in the game.
Pixels believes that players should have their own in-game items and assets, and Web3 has ushered in a new era of game growth, making them more competitive than Web2 games.
To ensure the stable operation of a P2E game, the team needs to have mature thinking. The Pixels team's concept can be understood from three aspects: game fun, interoperability, and decentralization.
In terms of fun , Pixels is designed to allow all types of users to experience the fun of the game. Community KOL @0xPixelPenguin believes that Pixels provides a rich variety of gameplay and ecology to meet the needs of different groups of people. Professional players can choose to invest money to create their own Land NFT and earn land taxes by letting other players plant on their land; ordinary players can earn wages by "working". In addition, players can also participate in team-led irregular activities (such as Thanksgiving turkey, Easter eggs, etc.) to earn rewards.
In terms of interoperability , Pixels fully utilizes the unique advantages of blockchain games - achieving the first NFT integration, allowing users to connect their Metamask wallet to the Pixels world and use their NFT as a character in the game. According to the Pixels team, more than 50 NFT collections have been integrated so far. The team believes that the discussion of the metaverse refers to an interconnected grid of adventures, games, and spaces, where players' digital identities can flow freely.
In the concept of decentralization , Pixels has taken a product-first approach to gradually achieve decentralization. Early decentralization was mainly reflected in the ownership of game items on the chain, but many game mechanics were executed on the server side, which helped to speed up development speed, shorten response time, and improve players' gaming experience. In the future, the team plans to gradually migrate the actual implementation of the mechanism to the chain and contract.
Early decisions will be mainly made by the Pixels team to focus on the long-term health of the ecosystem in the early stages. The team is considering establishing a decision-making system that allows for decentralized financial management and economic planning. As the game and ecosystem mature, more and more systems will gradually achieve decentralization.
Pixels migrated from Polygon to the Ronin network at the end of last year. The latter is an Ethereum Virtual Machine (EVM) chain developed by Sky Mavis, the developer behind the well-known blockchain game Axie Infinity. Therefore, with the popularity of Pixels games, the price of Ron tokens has also been rising in recent months.
- Pixels Team Profile
The team is led by Luke Barwikowski, the founder of pixels.xyz. Luke started his programming journey at the age of 12, demonstrating his early interest in technology. Notably, he built and successfully sold an app at the age of 18, demonstrating his entrepreneurial skills.
Their games are loved by users worldwide. This diverse expertise has made Pixels the forefront of blockchain gaming innovation. The team is committed to providing excellent gaming experiences and driven by a shared vision for the future of gaming.
II. PIXEL (Pixels) Token Economics
In February 2022, Pixels completed a $2.40 million seed round financing, led by Animoca Brands and PKO Investments, with participation from OpenSea.
In February this year, Pixels announced the completion of a $4.80 million strategic financing, with participation from Framework Ventures, Collab + Currency, Volt Capital, Yield Guild Games, Sky Mavis, Tokenmetrics Ventures, Forj Network, Mechanism Capital, Fenbushi Capital, and individual investors including Alex Svanenik, CEO of Nansen.
Pixels uses a dual token system, namely BERRY and PIXEL. PIXEL is the native utility and governance token in the Pixels ecosystem, with a total amount of 5 billion, initial circulation 770 million (15.42%), of which Binance Lanchpool releases 7% of the total tokens.
- $BERRY is the main circulating currency in Pixels
In the early stages of the game, $BERRY is obtained through the in-game store. Players will be able to sell their generated resources to our in-game store in exchange for $BERRY.
The main destruction mechanism is to promote players to further develop in the game cycle by purchasing in-game items, unlocking in-game items for new industries, activities, regions, tasks, and content. Players who do not own land also need $BERRY to maintain their land.
Pixels have several levers to adjust the input supply of $BERRY, including controlling the generation of resources (adjusting resource replenishment time, the number of inputs required to generate resources, the output of given resources, the effort to harvest particle resources, and the energy required to complete certain actions) and adjusting the price of the in-game store.
In the future, Pixels may also limit or even remove in-game stores and completely stop minting new $BERRY.
- $PIXEL is the premium currency in the game
In-game currency:
All future NFT coins from Pixels will exist in the form of PIXEL.
VIP Membership: Users will be able to purchase VIP Battle Pass with PIXEL.
· Agency: Users will be able to join new social networking features (agencies) using PIXEL.
Quality of life upgrade: Premium gaming features will be sold at PIXEL prices.
② Governance: PIXEL will eventually be used to govern community coffers
Unlike $BERRY, the supply of $PIXEL will be strictly controlled and predictable. 100,000 new $PIXEL will be minted every day. Then, the new $PIXEL will be distributed to active players who participate in expected behavior patterns that benefit the Pixels ecosystem.
A large part of the allocation of $PIXEL is to complete various tasks, tasks, or find specific items through a daily reward system. The team also rewards other behaviors, such as creating unique user-generated content, motivating more customer engagement, interacting with the community, and so on.
Sector rotation is an inherent part of the crypto bull market. After AXS steps down from the blockchain gaming pedestal, it remains to be seen whether Pixels can take up the new leading position in the blockchain gaming industry.
