Pixel Vault is about to shut down, planning to sell the business and seeking acquisition offers

BlockBeats News, July 24th, NFT platform Pixel Vault is currently planning to sell the company and is seeking acquirers. The team is currently in talks with multiple institutions interested in acquiring Pixel Vault and its assets to continue serving the community. Furthermore, they are also in direct communication with Seedphrase regarding the transition of the Wolf Game.

Pixel Vault is also the publisher of PUNKS Comic and the MetaHero Universe. They stated, "After more than four years of development, we have begun the process of winding down Pixel Vault. We have worked hard to build a profitable and sustainable crypto entertainment company. While our efforts did not go as planned, we still want to thank the team, investors, and community for their support."

BlockBeats previously reported that on February 3, 2022, NFT platform Pixel Vault announced the completion of a $100 million financing round, with Velvet Sea Ventures and 01A participating in the investment. The funds from this round will be used to develop the first multi-franchise NFT development platform, which will allow artists, creators, and collectors to own the NFT digital content.