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Sugartown team buys out web3 project from Zynga

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One yr on following the revealing of Sugartown, undertaking leads Matt Wolf and Tommy Ngo have introduced D20 Labs.

Notably the brand new entity has acquired “all merchandise and belongings below Sugartown from Zynga”, with Wolf, who was Zynga’s head of blockchain, turning into D20’s new CEO. As per the announcement, D20 says it’s now “full steam forward to create the way forward for rewarded play”.

As a result of lack of exercise surrounding Sugartown for many of 2024, the acquisition information is sensible. Studying between the traces, the undertaking has probably been stalled by Zynga or its final proprietor Take Two, holding the creators of Sugartown again. 

As an illustration, the brand new advertising lead at D20, referred to as Camol on X, commented, “We actually acquired the product we made inside one of many largest video games corporations on the earth and introduced it impartial so we’re capable of function on the degree web3 requires”.

A day after the information, Sugartown additionally introduced its chapter 1 kickoff.

The reception from the neighborhood has been torn. Though some are welcoming the information, others are calling the undertaking “grossly marketed as all hype and no substance”. Crypto degen Grail says “With out Zynga, what are you precisely? You’ve constructed nothing lasting right here exterior of the Zynga narrative”.

One other outspoken web3 fanatic on X Jonah asking “Is the large announcement that Zynga divested? Isn’t that why folks appreciated sugartown?”

In September 2023, Sugartown minted its first NFTs. The 9,999-strong Ora assortment acted as entry passes into the sport, whereas additionally enabling holders to stake them to generate the power required to play the Sugartown mini-games.

Particulars are nonetheless sparse however for more information take a look at the D20 Labs web site and X channel, together with an X house to be held on Wednesday third September at 15:30 EST.



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Tags: buysProjectSugartownTeamWeb3Zynga
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