**Pixelverse Launches PIXFI Token with Successful Airdrop**

Pixelverse, an NFT and gaming platform on The Open Network (TON), launched its native token, PIXFI, on July 18 through a highly anticipated airdrop. The token surged nearly 50% in its initial trading hours, reaching a market cap close to $200 million before stabilizing.

**Key Highlights:**

- PIXFI is now listed on exchanges like Bybit, HTX, Gate, Bitget, and MEXC.

- 10% of PIXFI's total supply was airdropped to holders of Rare, Epic, and Legendary NFTs.

- An additional 20% will be distributed to Pixelverse and Pixelchain users over time.

Pixelverse, known for its hit game PixelTap, aims to avoid sharp selloffs by staking airdropped tokens with a 90% penalty for immediate withdrawal. The platform recently introduced the "Pudgy" character from Pudgy Penguins into PixelTap. In May, Pixelverse secured $5.5 million in funding led by Delphi Ventures.