What was once one of crypto’s most infamous projects is now making a bold comeback. Pixelmon, after its turbulent 2022 debut that became the subject of countless memes, has raised $8 million in fresh capital. Leading the round are major players like Animoca Brands and Delphi Ventures, signaling a renewed belief in the GameFi sector.

Other investors include Amber Group, Folius Ventures, and Mechanism Capital, all rallying behind Pixelmon’s new direction—building Pixelmon: Generation Alpha, an on-chain multiplayer RPG. The game will offer NFT-based assets, live battles, and tools for users to create their own in-game content.

CEO Giovanni Petrantoni, who took charge following the project’s early failure, envisions Pixelmon evolving into the “Roblox of Web3.” The team plans to integrate staking features, in-game markets, and robust modding capabilities. A limited alpha release is targeted for late 2025.

Despite its rocky beginnings, Pixelmon’s transformation is being taken seriously. With a well-structured roadmap and credible partners, the project is now a litmus test for GameFi’s staying power.

Meanwhile, the broader blockchain gaming industry is seeing signs of a rebound:

• Daily active users on Web3 gaming platforms have risen by over 40% since last quarter

• Popular chains like Immutable, Ronin, and Arbitrum Nova are driving most of the GameFi traffic

• Anticipated launches like Shrapnel and Guild of Guardians are helping fuel optimism

Some analysts suggest that successful launches in this new GameFi wave could make Web3 gaming a core piece of the next crypto bull run.

• Redemption arc: Pixelmon’s shift from failed project to investor favorite is striking.

• GameFi resurgence: Strong indicators show increased engagement across blockchain gaming.

• Utility over hype: Backers now prioritize gameplay quality and community infrastructure.