Pixel Vault is a unique non-fungible token (NFT) company responsible for creating several successful NFT series. Not only does Pixel Vault mint its own series of NFTs, it offers a platform designed to develop NFTs at scale.
With partners like Adidas and a massive $100 million investment from a small group of reputable investors, this is a cryptocurrency ecosystem any crypto and NFT enthusiast should know about. Here’s a closer look at Pixel Vault and its various NFT offerings.
About Pixel Vault
The company Pixel Vault was founded in 2021 to help clients turn intellectual property into crypto-native assets. The company employs about 50 workers in a fully remote workforce.
The two main products from Pixel Vault are a series of NFTs based on CryptoPunks and a superhero metaverse collection game. It has partnerships and collaborations with large brands, including WME, PUNKs Comic, Bored Ape Yacht Club, GMoney, and Adidas. It also has a deal with the Wagmi United Football Club.
Pixel Vault isn’t a small, bootstrapped operation. In February 2022, the company brought in a $100 million investment round led by Velvet Sea Ventures and 01A. Pixel Vault has brought in 120,000 ETH in revenue from its 250,000 unique NFTs.
What It Offers
Pixel Vault is perhaps best known for its work with the CryptoPunks NFT collection. Pixel Vault expanded on CryptoPunks with comics and other NFT media. It also runs the MetaHero Universe, a metaverse collection game where players collect superheroes, villains, and mutants that live in a universe of planets, which are governed by planet token holders.
Both the PUNKS and MetaHero Universe lines require using a Web3 wallet. You can find NFTs from more than a dozen unique collections in marketplaces like OpenSea. As of this writing, the lowest cost Pixel Vault NFT cost 0.06 ETH. The top-priced NFTs cost around 100 to 400 ETH, equivalent to more than $500,000.
Due to partnerships with major brands and its existing successes, Pixel Vault will likely expand its offerings over time to include new collections beyond the PUNKS and MetaHero NFTs listed today.
How To Buy Pixel Vault NFTs
To buy Pixel Vault NFTs, you’ll need a Web3 wallet, like MetaMask or Coinbase Wallet. These wallets are free to download, set up, and use. However, there are fees for the services you can use with the wallet, including services to buy crypto or swap crypto.
Next, you’ll have to add funds to your wallet. You can either buy crypto with a favorite centralized exchange and send the funds to your Web3 wallet address or buy funds directly with your Web3 wallet using a payment platform like MoonPay. Be aware of exchange fees, spreads, and gas fees when transacting.
Finally, navigate your browser to the NFT marketplace of your choosing. Find the NFT you want to buy, connect your wallet, sign the transaction, and wait for the NFT to appear in your wallet. Remember, gas fees for NFTs can be hundreds of dollars during busy network periods.
Safety & Security
The NFT world is filled with scammers looking to make a quick buck. Even web-savvy celebrity Seth Green recently got ripped off in an NFT scam. Always be extremely careful when connecting your wallet to a site and authorizing a transaction.
Also, stay on the lookout for fake PUNKS. Marketplaces do a reasonably good job of blocking fake NFTs from popular collections, but plenty still slip through the cracks. Again, make sure you know exactly what you’re buying before clicking the buy or authorize button.
Pixel Vault Pros and Cons
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Cons
The Bottom Line
Pixel Vault may create games and comics, but it’s a serious business with billion-dollar aspirations. The PUNKS and MetaHero Universe are just scratching the surface of what’s possible from this creative NFT company.
Be careful when investing and buying these or any other NFTs yourself, as many people have lost big time with these purchases. An NFT is only worth as much as the next person is willing to pay, and not all collections have held up. While Pixel Vault has done well so far, never invest more in NFTs (or crypto) than you can afford to lose.
Eric Rosenberg is a financial writer, speaker, and consultant based in Ventura, California. He holds an undergraduate finance degree from the University of Colorado and an MBA in finance from the University of Denver. After working as a bank manager and then nearly a decade in corporate finance and accounting, Eric left the corporate world for full-time online self-employment. His work has been featured in online publications including Business Insider, Nerdwallet, Investopedia, The Balance, HuffPo, Investor Junkie, and other fine financial blogs and publications. When away from the computer, he enjoys spending time with his wife and three children, traveling the world, and tinkering with technology. Connect with him and learn more at EricRosenberg.com.
