Another blockchain gaming studio is shutting down — Battlebound is closing its doors.
Studio Anterris was in charge of two games: the metaverse Evaverse, which had an EVA token. Another RPG game that is still under development called Anterris. The Evaverse token has dropped over 99% since its peak.
Battlebound had previously received $4.8 million from investors, including Dapper Labs and a16z. Another $3 million was gained by the company through NFT sales.
An budget was set aside for the company to purchase what is often called an “AA game” The equivalent of 2 indie games was not possible because the funds were lacking.”AAA” Games can cost over $100,000,000 each.
Close the door “despite the recent traction we’ve been building for four years with a lean, scrappy team, extending our runway as far as possible while trying to secure our next funding round,” Battlebound published a blog post.
“We excelled at doing more with less and staying afloat while developing above our weight. Ultimately, we’re in the same position as many studios before us, closing our doors due to remarkably challenging market dynamics,” Continued from the previous post
Adam Hensel (CEO and founder of Battlebound) said on LinkedIn that: “Thousands of players participated in our final playtest, and watching them enjoy years of hard work makes everything worth it.”
Hensel previously spent four years at League of Legends’ publisher Riot Games as senior technical artist.
I find it really disappointing to hear about yet another game studio that is unable to secure funding to complete a project. In the last year, other blockchain-powered games or those that are crypto-optional have been cancelled. Blockchain game tracker BigBlockchainGameList found that 60 crypto games were discontinued in Q1 of 2024, but admits that tracking this can be “imprecise and [a] lagging indicator” The following are some examples of how to use “general ecosystem trends.”
Midnight Society (the studio that created the ambitious, but ultimately unreleased, NFT-optional NFT shooter Deadrop) announced their closure in January, after cutting ties to its co-founder due to public controversy, and having difficulty raising funds.
Metaverse RPGs aren’t my cup of tea, but I was intrigued by Anterris. It looked to be an enjoyable fantasy game.
Game7 is a crypto gaming research group that has been tracking the industry. It found that new announcements of blockchain games decreased 36% in 2017 compared to 2018. It’s true that crypto gaming is slowing down. But it doesn’t necessarily mean bad things.
Every day, I would choose a small number of high-quality games by teams that are dedicated over an array of cheap shovelware.
Game7 found that only 46% of the crypto-games are playable, which means most of them are still under development.
We are now waiting.
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