Pixels (PIXEL): Introducing a New Type of Social Web3 Gameplay

With blockchain technology, it's possible to create play-to-earn systems where people can play games while earning real-life rewards. However, it can be hard to find a balance between engaging gameplay and profitable economics. Pixels hopes to offer users an immersive, interactive experience with some attractive cryptocurrency and NFT rewards. How does their system work — and should you give it a try? Explore our guide to Pixels to learn more.

Key Takeaways:

• Pixels is a platform that combines gaming and blockchain technology. Players farm land, build skills and craft items.

• In addition to gathering resources, Pixels players are encouraged to complete challenging tasks, talk with others and sell resources.

• Looking to trade Pixels tokens? Bybit now offers PIXELUSDT Perpetual contracts.

What Is Pixels?

Pixels is a gaming platform that combines gaming and blockchain technology. Players farm land, build skills and craft items. In addition to gathering resources, players are encouraged to complete challenging tasks, talk with others and sell resources.

History of Pixels

The Pixels journey began with its founding by Luke Barwikowski in 2020. After previously working on several other independent apps, Barwikowski decided to create a team that shared his passion for web3 development. Pixels' team includes developers who formerly worked at Ubisoft, Unibit Software, GameHouse, Honeybee and other gaming and software companies.

Barwikowski's goal was to create the web3 version of Zynga. He was inspired by Zynga's ability to connect gamers with a set of entertaining games, created in a defined gaming universe. Pixels hopes to take a similar model and update it with modern technology.

What Does Pixels Aim to Achieve?

Pixels' design and community are built around three core concepts:

• Fun first: While play-to-earn game technology is a great way to incentivize players and give them control over their own designs, Pixels didn't want to create a community that revolves around investing. Their first priority is always to make fun, entertaining games that people will want to play.

• Interoperability: Pixels doesn't want to create a system in which all user items are stuck on a single chain. Their interoperable design allows you to shift items between games, and even to take them outside of the Pixels universe.

• Gradual decentralization: Pixels has a long-term goal of decentralization, but wants to avoid the chaos of suddenly transitioning to community leadership. They plan to gradually add decentralized concepts as their ecosystem becomes more stable.

How Does Pixels Work?

Pixels’ metaverse gaming platform runs on an Ethereum scaling network called Ronin. Players create blockchain-linked accounts that store their digital assets and player characteristics. Pixels doesn’t own these accounts, so digital collectibles that players earn or build in the game are their legal property, tied to their crypto wallet.

These player accounts can move between worlds in Pixels. Each world is its own individual gaming system, filled with things like completing challenging tasks or gathering resources. In addition to the main Pixels game, the platform allows other developers to design their own projects for people in the gaming community to play. Not all in-game items are useful in different worlds, but players retain ownership and possession of their assets at all times.

Features of Pixels

The Pixels Universe is an immersive experience in which users can take part in a variety of gaming and community engagement opportunities. Here are some ways you can progress in the game and become a part of the Pixels gaming community.

Gameplay

Progress in the game is allowed to proceed at each user's desired space. People start with farm land that they can use for resource generation. Over time, they’re invited to take part in quests and start exploring the expansive universe. They can obtain in-game currency by selling resources or performing challenging tasks, and then use their tokens to buy items in the game.

Pixels is committed to creativity and freedom, and users are encouraged to customize their plots of land and personalize their space. In the future, gameplay may include Pixels pets, mini-games and user competitions.

Economics

Pixels has a complex economic system that involves a blend of land, resources and tokens. All players start with free land, and can rent more if they want to. They can then use it to generate resources that can be further crafted to natively integrate digital collectibles into the game. 

To help manage all the in-game items, Pixels uses two types of tokens built on the Ronin network. BERRY is the easiest in-game currency to acquire, used for things like buying land and purchasing store items. Meanwhile, PIXEL is the premium in-game currency. It’s harder to acquire, but you can use it for higher-tier actions like unlocking skins and minting new land.

Integrated NFT Collections

Pixels stands for a new type of blockchain gaming, and aims to natively integrate digital collectibles into the game. People who want to work with the Pixels Universe can choose to incorporate their own NFT lands into the Pixels ecosystem. This interoperability allows Pixels to support a variety of exciting NFT collections without any compatibility issues during the generation of resources.

Pixels Road Map

In the past four years, Pixels has designed and released a full gaming system built on the Ronin network. Their next priorities are creating both a utility and governance token for their project, and finalizing the mass market release of their game. Later versions of the game will have Pixels pets, new and challenging tasks, and other fun additions.

Pixels’ journey also includes long-term plans to make their expansive universe more accessible, entertaining and equitable. In order to achieve these goals, they hope to release a mobile version of their game, simplify avatar minting and create more game mechanics. There are also plans to eventually create an open-source code so developers can easily access the game's code and make their own variants of the Pixels experience.

PIXEL Tokenomics

As mentioned, PIXEL is the premium in-game currency for Pixels. It can be used to buy items through the in-game store and to make certain actions more efficient. PIXEL has a total supply of 5 billion. The initial circulating supply was 771 million, and 100,000 new PIXEL tokens are minted each day as user rewards. When users spend PIXEL tokens at the in-game store, the tokens are sent to a treasury, where the majority are burned. 

PIXEL Price Prediction

All signs point toward some future price increases for the PIXEL token. The coin has received a lot of positive attention, and crypto enthusiasts report bullish outlooks on PIXEL overall. In addition to hype driving up its price, market trends also indicate an upward swing. After an initial price spike and drop common with most startups, PIXEL prices seem to be stabilizing and gradually trending upwards.

The current price of PIXEL is $0.58. Analysts from DigitalCoinPrice believe that PIXEL’s price will reach $1.19 by the end of 2024, $2.48 by 2027 and $4.01 by 2030.

Where to Buy PIXEL

Looking to trade Pixels tokens? Bybit now offers PIXELUSDT Perpetual contracts for trading. To get started, you’ll first need to establish a Bybit account, fund it with cryptocurrency and navigate to the PIXELUSDT Perpetual contracts page.

Will PIXEL Be a Good Investment?

When it was launched on Feb 19, 2024, PIXEL attracted a lot of attention. The Pixels token managed to achieve a trading volume of $1.2 billion, and for a short time, it was the 10th most traded crypto. This robust trading activity has begun to calm down a little, and PIXEL is no longer at its all-time high of $0.6887.

However, PIXEL remains an intriguing investment opportunity. With plenty of community engagement, it’s managed to attract a lot of attention in the crypto universe. If you want a promising gaming coin to add to your portfolio, PIXEL might be a smart choice. When it’s released on more exchanges and launches new games, there are likely to be future price spikes.

Just keep in mind that this is a fairly new project, without a lot of pricing history, and its tokenomics could lead to some inflation. To avoid unpleasant surprises, you'll need to be cautious and avoid buying more PIXEL than you can afford.

The Bottom Line

The Pixels universe of games has managed to capture a lot of attention from both gamers and crypto investors. This decentralized gaming system uses blockchain technology to empower users and turn game assets into NFTs. Ultimately, its ability to provide a fun environment and attract a large number of users could lead to big things for the PIXEL token.

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