Investment research report: Pixels (PIXEL), an open farming game that explores the pixel world

Investment research report: Pixels (PIXEL), an open farming game that explores the pixel world
3 min read


Pixels (PIXEL) has been launched on HotsCoin on February 20. Pixels (PIXEL) is a charming open-ended farming and exploration game that builds a world full of pixels. The game combines farm management, skill-building and story missions, tightly integrating player progress and achievements through blockchain ownership. PIXEL is currently open for trading on HotsCoin.

Token information:
Circulation volume: 771,041,667 PIXEL
Total supply: 5,000,000,000 PIXEL
Circulation market value: $450,402,915.866
Fully diluted market capitalization: $2,920,743,035.96

key events
2024-02-08: Pixels completes US$4.8 million in strategic financing.
2022-02-11: Pixels completed a $2.4 million seed round of financing.

Project Introduction
Pixels is an open-ended farming and exploration game inspired by childhood memories like Stardew Valley and Fantasy Westward Journey. The game is based on Play-To-Earn, where players can collect resources, improve skills, build relationships, and immerse themselves in the experience of free management, creation, and exploration.

Farming and Exploration
Land Ownership and Farming: Players who own land receive crop benefits and share a share of the crops grown. Land ownership also brings special benefits both inside and outside the game, such as skill acquisition and land customization.
Planting and harvesting: The game mechanism mainly includes planting and harvesting. Players complete planting, irrigation, fertilizing and other actions. Different crops have different growth cycles and tool requirements.
Farming Tools and Land Economy: Players need various tools for farming activities, and land owners can customize the land and share resources.

Tokenomics
Pixels' token economy is divided into three categories, covering free plots, rented plots and owned plots, corresponding to different profitability and resource output. Tokens include $Berry and $Pixels, and can be used for a variety of purposes, such as land purchase, build acceleration, energy replenishment, unlocking special items, and more.

Daily supply and distribution
100,000 new $PIXEL will be minted daily and distributed to active players who are actively involved in benefiting the Pixels ecosystem. Assignments include tasks to complete, specific items to find, etc., designed to encourage positive behavior.

Team and financing
The Pixels team is experienced and has successfully raised US$2.4 million in seed funding from investors including Animoca Brands, OpenSea, etc. The team has rich backgrounds in gaming, Web3, and early-stage entrepreneurship.

Data, influence and partners
Data and user growth: Pixels’ official website saw significant traffic growth in November, with offline events and social media communications increasing the game’s popularity.
Partners: The team is supported by Ronin Network technology and cooperates with well-known NFT projects (such as BAYC, Pudgy Penguins, Mocaverse) to increase user participation.

Key factor analysis
Technology and Gameplay: Migrating from Polygon to the Ronin network, providing the in-game token $BERRY and the core token $PIXEL.
Well-known partners: Backed by well-known institutions such as Animoca Brands and Ronin Network, it has cooperated with multiple NFT projects to increase its influence.
User Growth: Pixels achieved significant user growth in November through offline events and social media content dissemination.

future outlook
As a web-level lightweight management simulation game, Pixels has established close cooperative relationships with multiple well-known products and institutions. With dynamically adjusted farm balance and new airdrop events, Pixels are expected to continue to rank well on the Ronin Network. In the future, we can look forward to Pixels launching more custom fields through cooperation with partner projects and supporting ecosystems.

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