Pixels (PIXEL)

In-Game Currency

Pixels uses PIXEL as a premium in-game currency. Players spend PIXEL tokens to create and join guilds, mint pets, buy VIP memberships, and purchase in-game items, upgrades, and cosmetic enhancements.

NFT Minting

PIXEL tokens are required to mint NFTs within the game, allowing players to own unique digital assets like pets and other collectibles.

VIP Memberships and Perks

Players can use PIXEL to buy VIP Battle Passes or memberships that unlock exclusive features, such as withdrawing other tokens to wallets and accessing special in-game benefits.

Governance

PIXEL holders can participate in governance activities, giving them a voice in the development and future direction of the Pixels ecosystem.

Ecosystem Expansion

Pixels is an open-world blockchain game focused on farming, exploration, and creation. PIXEL tokens fuel the economy, enabling players to manage resources, expand their land, and engage socially within the game.

Trading and Exchange

PIXEL tokens are tradable on centralized crypto exchanges, allowing players and investors to buy, sell, or convert PIXEL to other cryptocurrencies or fiat currencies.

Pros

• Pixels offers a unique blend of gaming and blockchain, creating a fun, open-world experience with farming, exploration, and crafting.
• The token supports staking, which helps secure the network and rewards users based on the amount and duration of PIXEL staked.
• It uses a proof-of-stake system, which is more energy-efficient compared to traditional mining.
• Pixels has a growing community and is integrated with popular wallets like MetaMask, making it accessible for trading and use.
• The token is used for in-game currency, NFT minting, VIP memberships, and guild participation, adding utility within the Pixels ecosystem.
• Supported by major exchanges like Binance, it has good liquidity and trading volume.

Cons

• The price of Pixels can be volatile and underperforms compared to some other cryptocurrencies in the Ethereum ecosystem.
• Long-term value and success depend on market adoption and technological developments, which remain uncertain.
• The game’s crypto rewards are more modest compared to some earlier play-to-earn games, which may affect player incentives.
• Some features and expansions are still in development, so the full potential of the ecosystem is not yet realized.
• Staking requires locking up tokens, which may limit liquidity for some users.

Overall, Pixels combines gaming and crypto in an innovative way but comes with typical market uncertainties and evolving features.

Founders

Pixels was founded by Luke Barwikowski, Alexander Moyer, and Ashwin Kumar. Luke Barwikowski has a background in software development and blockchain technology, Alexander Moyer specializes in game design and user experience, and Ashwin Kumar focuses on the economic and governance aspects of Pixels.

Additional Info

The project started around 2020-2021 and is based in the United States. Luke Barwikowski is often highlighted as the main founder and public face of Pixels.

Investors in Pixels

Pixels has attracted a variety of investors including well-known names in the crypto and gaming space. Some of the key investors are:

• Animoca Brands: A major player in blockchain gaming and digital entertainment investments.
• PKO Investments: An investment firm supporting innovative projects.
• OpenSea: The largest NFT marketplace, backing Pixels to support its NFT ecosystem.
• Untapped Capital: A venture capital firm focused on blockchain startups.
• Leonis Capital and Framework Ventures: Both are active investors in crypto and blockchain projects.
• Axie Infinity, Collab+Currency, and Ed3n Ventures are also among the 24 investors who have contributed funding to Pixels.

Pixels has raised around $7.2 million in total funding to date, helping it grow and expand its web3 gaming platform.

Halal Status of Pixels

• Yes or No: There is no specific, widely recognized ruling publicly available that declares Pixels halal or haram.
• Reason: The halal status of any crypto token, including Pixels, depends on whether the project complies with Islamic finance principles such as avoiding interest (riba), excessive uncertainty (gharar), and unethical activities. Since Pixels is a utility and governance token for a blockchain game, its permissibility would require detailed Shariah-compliant screening of its use, purpose, and ecosystem.
• General Note: Many scholars say crypto can be halal if the project itself is halal and serves a real-world purpose without involving prohibited elements. Individual consultation with a qualified Islamic scholar is recommended for a definitive ruling.