Coinspeaker
Crypto Project Pixelmon Seeks to Use Fractionalized NFTs to Make Its Comeback

The infamous crypto project Pixelmon is set to make a huge comeback under the leadership of new CEO Giulio Xiloyannis. Xiloyannis disclosed the plans in a recent interview where he revealed that Pixelmon will embrace fractionalized non-fungible tokens (NFTs) on its journey to redemption.

Brief History of Pixelmon

Pixelmon’s wild history began in February 2021 when it launched on ambitious promises of delivering a Pokemon-esque game. Per the firm, the game would allow users to train, trade, collect, and battle monsters called “Pixelmon”. However, the project could not deliver on its dreamy promises, and it quickly became the subject of widespread ridicule in the crypto community.

Despite raising $70 million in Ether (ETH) at the time, it could only unveil 68 not-so-impressive NFT characters at launch. One of those is “Kevin” – its most popular, yet infamous NFT character which signaled the project’s initial downfall.

By May 2022, Xiloyannis saw the need to save the day and moved to acqui...