Pixels in Stereo: Company Profile

Background

Overview

Pixels in Stereo is a play-to-earn (P2E) social farming game operating within the Web3 and metaverse sectors. Founded in 2021 by Luke Barwikowski, the company is developing an open-ended world focused on farming, exploration, and crafting, built on the Ronin blockchain. Barwikowski, who serves as CEO, began coding at age 12 and has a background in computer science and economics. He built and sold his first app at 18 and has prior experience in the virtual events space.

Mission and Vision

Pixels in Stereo aims to create an immersive and engaging gaming experience that combines traditional farming simulation elements with innovative blockchain technology, allowing players to own, trade, and monetize in-game assets. The company's vision is to build a sustainable and player-driven economy within the metaverse, fostering a vibrant community of gamers and creators.

Primary Area of Focus

The company's primary focus is on developing a play-to-earn farming simulation game that leverages blockchain technology to provide players with true ownership of in-game assets, such as land and pets, which can be traded on marketplaces. This approach aims to create a dynamic and interactive gaming environment that appeals to both traditional gamers and blockchain enthusiasts.

Industry Significance

Pixels in Stereo operates at the intersection of gaming and blockchain technology, contributing to the growing trend of integrating decentralized finance (DeFi) and non-fungible tokens (NFTs) into gaming ecosystems. By offering a platform where players can earn real-world value through gameplay, the company is part of a broader movement that is reshaping the gaming industry and introducing new economic models.

Key Strategic Focus

Core Objectives

Player Empowerment: Enable players to have true ownership of in-game assets, fostering a sense of investment and engagement.

Sustainable Economy: Develop a balanced in-game economy that rewards players for their time and effort, ensuring long-term sustainability.

Community Building: Cultivate a vibrant and active community of players and creators who contribute to the game's growth and evolution.

Specific Areas of Specialization

Blockchain Integration: Utilizing blockchain technology to provide secure and transparent ownership of in-game assets.

Play-to-Earn Mechanics: Designing gameplay that allows players to earn rewards through their in-game activities, which can be converted into real-world value.

Metaverse Development: Creating an expansive virtual world that offers diverse experiences, from farming and crafting to exploration and social interaction.

Key Technologies Utilized

Ronin Blockchain: Migrated from the Polygon network to Sky Mavis's Ronin network in late 2023 to benefit from lower transaction fees and enhanced scalability.

Dual-Token Economy: Implemented a dual-token system comprising the $PIXEL token, used for in-game purchases and governance, and Coins, used for standard gameplay transactions.

Non-Fungible Tokens (NFTs): Integrated NFTs to allow players to own, trade, and monetize unique in-game assets.

Primary Markets or Conditions Targeted

Pixels in Stereo targets the global gaming market, focusing on players interested in blockchain-based gaming experiences and the play-to-earn model. The company also appeals to blockchain enthusiasts and investors looking for innovative applications of decentralized finance within the gaming industry.

Financials and Funding

Funding History

As of the latest available information, Pixels in Stereo has secured a total of $7.2 million in funding over three rounds:

Seed Round (February 2022): Raised $2.4 million.

Series A Round (February 2024): Raised $4.8 million.

Notable Investors

Key investors include Framework Venture Partners, Animoca Brands, Collab+Currency, and OpenSea Ventures.

Intended Utilization of Capital

The capital raised is intended to support the development and expansion of the game's features, enhance the in-game economy, and scale the platform to accommodate a growing user base. Additionally, funds are allocated for marketing efforts to increase brand awareness and attract new players.

Pipeline Development

Key Pipeline Candidates

The primary pipeline candidate is the play-to-earn farming simulation game itself, which is in the development phase. The game is designed to offer a comprehensive virtual world with farming, crafting, and exploration elements, integrated with blockchain technology to provide players with true ownership of in-game assets.

Stages of Development

Pre-Development: Conceptualization and initial planning.

Development: Active development of game mechanics, blockchain integration, and content creation.

Beta Testing: Scheduled to begin in early 2025, focusing on gameplay mechanics and user experience.

Launch: Planned for mid-2025, with a global release across multiple platforms.

Target Conditions

The game targets the gaming community interested in blockchain-based play-to-earn experiences, as well as blockchain enthusiasts seeking innovative applications of decentralized finance within the gaming industry.

Relevant Timelines for Anticipated Milestones

Early 2025: Beta testing phase.

Mid-2025: Official game launch.

Technological Platform and Innovation

Proprietary Technologies

Ronin Blockchain Integration: Migrated to the Ronin network to leverage lower transaction fees and enhanced scalability.

Dual-Token Economy: Implemented a dual-token system comprising the $PIXEL token and Coins to create a sustainable in-game economy.

Significant Scientific Methods

Blockchain Smart Contracts: Utilized smart contracts to ensure secure and transparent transactions within the game.

NFT Integration: Employed NFTs to provide players with true ownership of in-game assets, allowing for trading and monetization.

Leadership Team

Luke Barwikowski – CEO

Luke Barwikowski is the founder and CEO of Pixels in Stereo. He began coding at age 12 and has a background in computer science and economics. He built and sold his first app at 18 and has prior experience in the virtual events space. Under his leadership, the company has secured significant funding and is developing an innovative play-to-earn farming simulation game.

Competitor Profile

Market Insights and Dynamics

The play-to-earn gaming market is experiencing rapid growth, with increasing interest in blockchain-based games that offer players the opportunity to earn real-world value through gameplay. This trend is driven by advancements in blockchain technology, the popularity of NFTs, and a growing community of gamers seeking new and innovative gaming experiences.

Competitor Analysis

Axie Infinity: A pioneering play-to-earn game built on the Ronin Network, offering a similar economic model and digital asset ownership.

The Sandbox: A metaverse platform where users can create, own, and monetize their gaming experiences and assets, appealing to a similar demographic.

Decentraland: Provides a virtual world where users can buy, sell, and manage virtual land and assets, fostering a digital economy that vies for web3 enthusiasts.

Strategic Collaborations and Partnerships

Pixels in Stereo has established strategic partnerships with key investors, including Framework Venture Partners, Animoca Brands, Collab+Currency, and OpenSea Ventures. These collaborations provide financial support, industry expertise, and access to a broader network within the blockchain and gaming sectors.

Operational Insights

The company operates in a competitive landscape, with several established players in the play-to-earn and metaverse gaming space. Pixels in Stereo differentiates itself through its focus on farming simulation elements, integration with the Ronin blockchain for lower transaction fees, and a dual-token economy designed to create a sustainable in-game economy.

Strategic Opportunities and Future Directions

The company plans to expand its game offerings by introducing new features, such as additional farming activities, crafting systems, and exploration zones. Future business directions include exploring partnerships with other metaverse platforms, integrating additional blockchain technologies, and expanding the game's reach to new markets and demographics. Current strengths, such as a strong leadership team, innovative game design, and strategic partnerships, position the company to achieve these future objectives.