The Pixelmon non-fungible token (NFT) project became the laughingstock of crypto Twitter after the highly anticipated artwork series was panned as shoddily crafted and just plain ugly.
One Pixelmon holder tweeted that his Pixelmon hatched half-submerged in a patch of grass and looked “dead,” while another complained that he had received what appeared to be an empty patch of grass with no Pixelmon in sight.
Even the Pixelmon founders acknowledged the NFTs were, indeed, “poor quality.”
Pixelmon raised a whopping $70 million upon mint on Feb. 7, marking one of the biggest launch sales completed for a project in the NFT market. Buyers spent up to 3 ETH per mint (about $9,200 based on historical ether prices), with the project completely selling out in less than a day.
The Pixelmon non-fungible token (NFT) project became the laughingstock of crypto Twitter after the highly anticipated artwork series was panned as shoddily crafted and just plain ugly.
One Pixelmon holder tweeted that his Pixelmon hatched half-submerged in a patch of grass and looked “dead,” while another complained that he had received what appeared to be an empty patch of grass with no Pixelmon in sight.
The current backlash Pixel faces on social media saw the founder, Syber, go into immediate damage control. In a recent Ask Me Anything forum, Syber said, “I would like to apologize on behalf of myself and Pixelmon for everyone that has been affected by this. When we began this project, we were not thinking it would get as big as this.” In another Discord announcement he wrote,
Syber also updated fans that the team is working towards assessing the situation and are in talks with other advisors and project managers. Currently, Pixelmon NFTs are trading at a floor price of 0.4 ETH, approximately $1,100 USD on OpenSea.