PixelTap’s PIXFI token saw a significant increase in value, more than doubling after its launch and subsequent listings on several major cryptocurrency exchanges. From its initial launch, the token reached a market value of approximately $300 million, demonstrating the substantial interest and investment it garnered within the NFT and gaming community.
Token Airdrop Played a Crucial Role in the Increase
The PIXFI token airdrop, which distributed 10% of the total supply to owners of Pixelverse’s Rare and Legendary NFT collections, played a crucial role in boosting this interest. To mitigate sharp selling risks, Pixelverse implemented a unique staking mechanism for the airdropped tokens. Buyers who opted to withdraw the tokens immediately faced a 90% penalty, encouraging long-term holding and stability in token value.
Following the successful airdrop, PIXFI was listed on several leading centralized exchanges, including Bybit, HTX, Gate.io, Bitget, and MEXC. This broad availability on major platforms facilitated investor access and trading of the token, contributing to its rapid price increase. Pixelverse also announced plans to distribute 20% of the total token supply over time to Pixelverse and Pixelchain users, further promoting long-term engagement and interaction within its ecosystem.
Tap-to-Earn Game Attracts Millions
Known for its popular tap-to-earn game PixelTap, Pixelverse has built a strong community around its gaming platform. PixelTap, a Telegram-based mini-game, attracted millions of users who participated in daily tasks and were rewarded for their participation. The game recorded impressive growth, with reports indicating it attracted 50 million new users in June alone. The recent addition of “Pudgy” from the Pudgy Penguins NFT collection further enhanced the game’s appeal and community engagement.
In addition to PIXFI’s successful launch, Pixelverse secured $5.5 million in funding from Delphi Ventures, Merit Circle, and Mechanism Capital. This financial support is expected to facilitate further development and expansion of the Pixelverse ecosystem, allowing the company to introduce new features and innovations. With strong financial backing and a growing community, Pixelverse is well-positioned to make significant strides in the NFT and gaming sectors.
