Claiming it has failed to boost adequate funding, Immutable-based MMORPG Ember Sword is the subsequent web3 sport to close down with fast impact.
Danish developer Vivid Star raised round $7.8 million of publicly-announced funding for the sport from the likes of Bitkraft, Delphi, Mechanism, Dialectic and Play Ventures, primarily in 2021 and 2022.
Vivid Star additionally raised over $11 million by way of its preliminary NFT land sale. Some persons are complicated the $204 million allotted to the primary land sale as funding, however as we identified on the time, this was cash allotted right into a raffle, not funding the corporate acquired.
Ember Sword was initially operating on Polygon, however introduced its transfer to Immutable in 2021.
It launched the EMBER token in July 2024. It’s down 99% from the value first tracked on CoinGecko, with a circulating market cap of a mere $85,312.
As for the explanations behind canning the sport, the official Discord announcement stated, “regardless of sturdy early assist and a passionate participant base, we couldn’t safe the funding wanted to maintain constructing.”
“The present web3 and gaming market made it unattainable.” This has resulted within the sport servers being closed down instantly.
