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The early years of pixel art were a a bit rough due lack of experience most developers had towards things like games in motions pixelated.
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This era lead to game worlds with background details, hidden areas and attempts replicating cinematic cutscenes.
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The game creators had refined pixel art from their arcade origins and created their own game world and can hold up with the games releasing.
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From this point on, pixel art didn't advance much with games refining art from previous consoles and creating a whole new style for themselves. Some companies refused to use three dimension and lost popularity due to that choice.
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Nowadays, pixel art has been mainly towards handheld consoles and games that go for a retro style. Pixel art is still evolving having worlds that rival and pass their counterparts.