The next blue chip project? The tragic story of Pixelmon
Original Author: Bankless
Original Author: Bankless
Original compilation: 0x13, Rhythm BlockBeats
Those NFT projects that are only for making money are ruining the entire NFT ecosystem.
Last weekend, Pixelmon opened the blind box, and collectors expected them to get cute elves, but in the end they only got "Kevin" and those little brothers who are just as unsightly as him.
As more details were picked up, it was discovered that the voxel model in the blind box of this project was designed so badly that it seemed to be what the team planned at the beginning.
The Tragic Story of Pixelmon
Introduction to Pixelmon
- In the definition of Syber, the author of Pixelmon, Pixelmon is an open world RPG NFT game;
- The series is inspired by "Pokémon" and "Minecraft". In the future it will also offer additional perks within the so-called gaming ecosystem, such as optimizing in-game earnings.
-Syber has been hyping this project like crazy. For example, in December 2021, the founder said: "Pixelmon is the next blue chip project, this is financial advice, no DYOR."
What happened
-Pixelmon was launched in the Dutch auction on February 7th, with a starting price of 3 ETH, and the final team income was as high as 70 million US dollars;
-Pixelmon Blind Box Opening is on Friday, February 25th. And a few weeks before opening the blind box, some members of the team were worried that their NFT might be those 3D voxel models that have been used many times, such as those that you can draw tens or hundreds of dollars on the model market. The kind you bought. But at the time, Syber still insisted that they did not use any models created by others.
-Collectors hopeful that the NFT they're getting for 3 ETH is an epic voxel pet like this:
-However, most collectors get poor works like this:
Reactions from the Pixelmon team
- After opening the blind box, angry collectors immediately vented their dissatisfaction on social media, denouncing the gap between expectations and reality;
-Syber trying to contain community outrage on 2/25:
"I have a showdown, we did make a terrible mistake."
"We decided to open the blind box under pressure. In fact, we are not ready to release these works of art."
“The ones we have now are ready before the release, when we didn’t have the money. The next step we plan to do is to spend $2 million to completely improve the quality of our works.”
community reaction
long textlong textTo summarize the information he unearthed.
-In summary, people have learned the following inside story:
Pixelmon's creations are all cheap 3D models, and the vision for the project is also stolen from a mode in the Minecraft game.
Syber hired an artist from the freelance platform UpWork, the salary was less than the unit price of a Pixelmon, and did not tell the other party that it was going to be an NFT project.
The Pixelmon game demo was probably copied from an indie game developer's project.
To make matters worse, Pixelmon's metadata is completely centralized.
Pixelmon did not refund, and used the money to buy other NFTs such as BAYC and Azuki.
In addition, it was discovered that Syber had scammed many people out of money and had no experience in game development.
In response to the public outcry, the founder said that the Pixelmon team "has decided to take a step back to assess the overall situation so that we can move forward more forcefully." Afterwards, Syber added: "We have created the most talked about NFT in history." One of the projects and we will not stop there."
Kevin's hot
-One day after opening the blind box, the floor price of Pixelmon dropped to 0.3 ETH, which is 10 times lower than the offering price of 3 ETH.
- People in the NFT field started to joke about this bad event, they called the ugliest Pixelmon Kevin, and Kevin became popular as an ironic Meme.
write at the end
write at the end
-Is Pixelmon really self-defeating, or is it an outright hoax? Syber has been insisting it's the former, but looking at all the information, I think it's a hoax.
-The things that this project does are inexcusable, like defrauding artists and pricing this project at 3 ETH. The question now is how long and to what extent Syber will salvage the project. After making money, they can pretend to work hard for a while.
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