PIXEL Pixels

Pixels Use Cases

Pixels is a social Web3 game and platform that integrates digital collectibles, enabling players to use their NFTs as digital avatars within the game. The primary use cases of Pixels include:

• In-Game Purchases: Pixels ($PIXEL) is used to buy premium features such as Realms, Guilds, Pets, and Memberships. It can also enhance the gaming experience by boosting energy levels, speeding up build times, and unlocking exclusive skins and items.
• Customization and Upgrades: Players can use $PIXEL to purchase special items to place on land, unlock new crafting recipes, and access XP and skill enhancers.
• Membership and Perks: Pixels VIP, an exclusive membership level, offers benefits such as extra chances to earn more $PIXEL, reduced fees on the in-game marketplace, and access to exclusive areas and perks.
• Economic Model: The game's economic model revolves around land ownership, resource management, and token utilization. Land within the game is a tradable NFT, granting owners specific benefits and the ability to earn from their plots.
• Token Utilization: $PIXEL serves as a currency for purchasing premium features and enhancing the gaming experience, while the in-game currency $BERRY is used for basic transactions and gameplay.

Pros of Pixels

• User Acquisition and Growth: Pixels has shown significant growth, partly due to its focus on user acquisition and creating a casual gaming experience that appeals to a broader audience.
• Interoperability: The game allows for interoperability, enabling other developers to build different experiences using the platform, which can bring in new communities and assets.
• Reward System: The game rewards players with tokens for engaging in desired behaviors, such as completing tasks, interacting with the community, and creating user-generated content.
• VIP Benefits: VIP players have access to exclusive features, including higher energy caps, more customization options, and the ability to participate in special events.

Cons of Pixels

• Inflation Risks: The game's economy could face inflation issues if the resource faucets are not managed properly, leading to excessive token supply and devaluation.
• Competition from Other Tokens: The interoperability feature could introduce competition from other tokens, potentially reducing demand for Pixels tokens.
• Market Volatility: The price of Pixels can be volatile, influenced by factors such as market sentiment, trading volumes, and institutional adoption.
• Limited Free Player Options: Free players have limitations compared to VIP players, including lower energy caps and fewer customization options.

Founders of Pixels

• Luke Barwikowski: The founder and CEO of Pixels. He has a background in computer science and economics, and his interest in cryptocurrency and blockchain technology started at a young age. He began coding and making video games at 12 and even mined Bitcoin in his teens.
• Other Founders: The available information primarily focuses on Luke Barwikowski, and there is no mention of other founders in the provided sources.

Investors in Pixels

Pixels is backed by a variety of investors, including:

• Animoca Brands: Known for their significant investments in blockchain gaming projects.
• Framework Ventures: A venture capital firm focused on blockchain and cryptocurrency investments.
• Collab+Currency: A venture capital firm that invests in early-stage blockchain and cryptocurrency projects.
• OpenSea Ventures: The investment arm of OpenSea, a leading NFT marketplace.
• Fenbushi Capital: A blockchain-focused venture capital firm.
• Volt Capital: A venture capital firm that invests in early-stage blockchain and cryptocurrency projects.
• Blocore: A blockchain-focused investment firm.
• Sky Mavis: The developer of Axie Infinity, a popular blockchain game.
• YGG: Yield Guild Games, a decentralized gaming guild.
• Mechanism: A blockchain-focused investment firm.
• BreederDao: A decentralized autonomous organization focused on blockchain gaming.
• Ed3n: A blockchain-focused investment firm.
• Tokenmetrics: A blockchain-focused investment firm.
• Edge 22: A blockchain-focused investment firm.
• Forj: A blockchain-focused investment firm.
• Greenwhich Blockchain Group: A blockchain-focused investment firm.
• Angels: Including Gabby Dizon, Aleksander Larson, Ivan of Moralis, and Loopify.

Halal Status of Pixels

• Halal Status: Yes
• Reason: Pixels is considered halal because it does not involve any impermissible activities such as Riba (interest), Maysir (gambling), or Gharar (uncertainty), and it can be regarded as Māl, a valid investment option with utilities in its ecosystem.