Proof of Play to shut down after blockchain gaming thesis falls short
Blockchain sport developer Proof of Play will stop operations after failing to construct a sustainable enterprise round its decentralized gaming thesis.
The a16z-backed studio mentioned Tuesday it couldn’t develop a product that proved blockchain-based video games might assist usher in a decentralized web at scale. It is going to open-source a lot of its code and art work, together with the Pirate Nation sport, good contracts and inside software-development instruments.
Proof of Play mentioned the impartial Pirate Nation Basis will proceed supporting the PIRATE token and maintain its web site operational. Nevertheless, Proof of Play factors won’t be redeemable for something.
The studio additionally made the art work and mental property related to the Founder Pirates non-fungible tokens and Pirate Nation out there underneath a CC0 license. Its Shiba Story Go! sport was acquired by an unnamed third occasion and can proceed working independently.
At their peak, Proof of Play’s Apex and Boss networks have been the 2 largest gasoline customers tracked throughout Ethereum’s rollup ecosystem
