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- 1 Pixels previously had an in-game BERRY token, which has been phased out with a new token, PIXEL
- 2 Holding in-game currency can be risky due to market volatility.
The use of virtual video game money is not a novel idea, but the development of blockchain technology has presented new opportunities for crypto gaming developers to incorporate real-world economics into their games.
Players of these crypto games can earn non-fungible tokens (NFTs) or cryptocurrency through gameplay, and these digital assets then become the possession of the player.
In certain cases, the in-game tokens can be exchanged for stablecoins on both centralized and decentralized cryptocurrency exchanges. These digital assets can be sold or traded on online marketplaces, or alternatively converted to fiat currency directly.
Pixels- A New Crypto Game in the Market
Crypto gamers on the Ethereum scaling network Ronin have been talking about a hit game called Pixels, which has gained a significant following. Unlike Axie Infinity, Pixels is a relatively simple and social farming game that takes inspiration from popular games like Harvest Moon, Stardew Valley, and Animal Crossing.
The game incorporates crypto elements like support for NFT avatars and a token-based game economy, and the PIXEL token launch and play-to-airdrop campaigns have contributed to the game’s success.
Pixels is an online farming game that can be played through a web browser. It was initially built on Polygon but migrated to Ronin in late 2023. As of now, users can complete tasks like growing and tending crops, talking to villagers, decorating land crops, and completing quests in Pixels. Users will often encounter dozens, if not hundreds, of other pixelated avatars roaming through the game world, making it a social experience.
How To Play Pixel Game For Free
The user doesn’t need NFTs or tokens to play Pixels. Users can sign in with a Ronin wallet or MetaMask, or create an account with an email address or phone number. Pixels is free to play and enjoy, but there are bonus features and capabilities available. For example, there are NFT land plots that are much larger than the free, basic plots, and holders of assets from certain NFT projects, such as the Bored Ape Yacht Club and Pudgy Penguins, can use their owned profile picture (PFP) characters as in-game avatars.
Ronin is a blockchain designed for gaming and is behind popular games like Axie Infinity and Pixels. Gaming blockchains typically offer low transaction fees and more scalability than other blockchains, making them more affordable and accessible. Ronin is also a private blockchain, meaning that developers must gain approval from its creators to join its ecosystem.
The PIXEL Token
PIXEL is the single crypto token of the Pixels gaming universe. Launched on Binance on February 19, 2024, PIXEL is an ERC-20 token that was airdropped to early players’ wallets, and it will be awarded further in the future via play-to-earn features in the game.
Pixels previously had an in-game BERRY token, which was used for buying and selling farmed items but has been phased out. Holders were granted PIXEL tokens at a preset exchange rate, and BERRY is now considered fully obsolete in the game, though its price surged after the PIXEL token was released.
The Founder Words for Pixel
Founder Luke Barwikowski said the launch of the long-awaited PIXEL token next week makes it feel like “day one” for the team as they fully implement the social farming game’s crypto vision. The game has been in development since 2021.
Barwikowski said that they are launching on Binance, the fact that all of this stuff is happening and they’re reaching the full expression of launching a token is pretty amazing.
The PIXEL token will be listed on the crypto exchange Binance. The token will be following a 10-day Launchpool campaign, in which Binance customers can earn a share of PIXEL token rewards for staking certain other cryptocurrencies, as announced last week.
Pixels was doling out PIXEL airdrop reward allocations to tens of thousands of unique wallets, including users who qualified through previous “play-to-airdrop” campaigns in the game, as well as Pixels NFT land owners. Barwikowski discussed everything around the token launch and upcoming plans for the ever-evolving game with Decrypt’s GG on Monday.
Barwikowski said that the rise of NFT gaming smash Axie Infinity pushed him in the direction of integrating cryptocurrency into valuable systems or economics.
He added that he grew up playing Runescape and the connection between Web3 currencies and in-game currencies was obvious to him. Pixels has seen a substantially brighter spotlight over the past few months, but it’s been a long and twisting journey to get to this point, where launching a token was always meant to be a key turning point for Pixels, and it’s an event that the game will share with its community.
Barwikowski has been a huge believer in tokens and Web3 since the very beginning and he sees the launch of the PIXEL token as the whole point of all of this. The crypto gaming industry is evolving.
However, the crypto gaming industry also contains some risks as well. Crypto gaming tokens are subject to supply and demand dynamics associated with the game’s popularity, which can make their tokens worthless if players abandon the game. Holding in-game currency can also be risky due to market volatility. Moreover, hackers and scams are a constant threat to crypto gamers, and digital wallets that store crypto gaming tokens can also be hacked or mishandled.
Summary
Blockchain technology has opened new opportunities for crypto gaming developers. Pixels is an online farming game that migrated to Ronin in late 2023. They are launching their token PIXEL on Binance and users can earn token rewards for staking certain other cryptocurrencies. However, the crypto gaming industry also contains some risks as well.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
