Pixelverse, a non-fungible Token (Non-Fungible Token) and gaming platform on The Open Network (TON), launched its native Token PIXFI in a highly anticipated Airdrop on July 18.
According to CoinMarketCap, the Token price rose nearly 50% in the first hours after listing and reached nearly $200 million in fully diluted market Capital before falling back later in the day.
According to another post On Pixelverse X, the PIXFI Token is currently listed on several centralized exchanges, including Bybit, HTX, Gate, Bitget, MEXC.
According to the post of Pixelverse on the X platform, Pixelverse has Airdrop 10% of PIXFI's total supply to holders of Rare, Epic, and Legendary Non-Fungible Token collections. The project will distribute 20% more Token to Pixelverse and Pixelchain users over time.
Pixelverse is the project behind the popular Telegram game PixelTap, a cyberpunk-themed mini-game that reportedly attracted 50 million new users in June alone. It resides on TON, a layer-1 blockchain initially launched Developed by the team behind the Telegram messaging app and currently managed by the TON Foundation.
The Airdrop is designed to avoid the sharp sell-off that often occurs after free Token distribution. Airdrop Token are automatically “ Staking” for additional rewards, and immediate Token withdrawals will incur a 90% penalty, Pixelverse said on X.
PixelTap—along with other popular Web3 games like Hamster Kombat—pioneered the “Tap-to-Earn” social gaming phenomenon, which rewards players for regular participation. Players will Vai as in-game characters modeled after iconic meme —like Dogecoin—who can fight up to 10 million matches per day, according to Pixelverse.
On July 16, Pixelverse announced that it would introduce the character “Pudgy”—the face of the popular Non-Fungible Token collection Pudgy Penguins—to the game PixelTap.
In May, Pixelverse closed a $5.5 million Capital round led by Delphi Ventures, Merit Circle, Mechanism Capital.
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