The backlash on Twitter and in the project Discord was severe, with community members accusing the Pixelmon team of doing a rug pull. Pixelmon #5866 – Kevin Pixelmon seeks a new way forward Fast forward to the Pixelmon art reveal two weeks later, and community members were met with amateur artwork, glitchy designs, and a character so hilariously absurd that it became known simply as Kevin. When the project was minted, community members paid an average of roughly 3 ETH each for the 8,079 NFTs in the collection, and van Blerk had amassed 23,000 ETH in total - worth more than $70 million at the time. He did this mainly by promoting the idea that Pixelmon, an open-world MMORPG in the tradition of the much-beloved Pokemon IP, would be the first AAA game in the NFT space.ĭisaster soon struck. What happens when you wake up with $70 million in the bank and a tattered reputation? If you’re Martin van Blerk, the former head of Pixelmon - the infamous NFT project that spectacularly failed to live up to its promises, enraged swindled community members, and whose floor price tanked as a result - you get humbled.īefore Pixelmon’s fateful February 7 launch this year, van Blerk had done an undeniably fantastic job of building up a mountain of expectations for the project, accruing more than 200,000 Twitter followers in the span of roughly a month.
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