Solana-based PC shooter Nyan Heroes has introduced by way of X that it’s closing down.
Introduced in 2022 and promoting its first NFTs on Solana in 2023 and launching the NYAN token in Might 2024, the mech shooter has been reside by way of Epic Video games Retailer for over a 12 months, just lately finishing its fourth playtest.
When it comes to gamers, the cited numbers appeared fairly good with over 1 million gamers throughout all classes, and 250,000 wishlists on Epic Video games Retailer and Steam.
However regardless of this, developer 9 Lives Interactive states that it wasn’t “capable of safe the required capital to see the sport to completion”.
The corporate raised $8 million on a reported $100 million valuation throughout the increase instances of Might 2022, and an extra $3 million in 2024 with buyers over the 2 rounds together with Mechanism, Shima, 3Commas, Sfermion and Infinity Ventures Crypto.
Nonetheless, with web3 sport funding at a four-year-low, it appears to be like like its current buyers couldn’t refund the initiatives, nor may it appeal to new cash.
Particularly, and regardless of the participant quantity beforehand talked about, 9 Lives says that “the most recent product did not drive the participant numbers that we’d been hoping for”, which probably was mirrored within the lack of investor confidence to fund additional growth.
“The trade is in a troublesome spot proper now and Nyan Heroes will sadly be closing its doorways,” it says.
“In our time collectively, the staff has achieved unbelievable progress and demonstrated that its attainable to do superb work whereas fostering a tradition of enjoyable and creativity. We’re collectively heartbroken that we wont be capable of convey our cat-inspired universe to completion.”
