The Lords of Light’ Is Shutting Down

One other one bites the mud.

The record of promising and/or once-prominent crypto video games shutting down in 2025 simply gained one other entry, as Raini Studios introduced Thursday that it’s going to sundown its Avalanche NFT card-battler Raini: The Lords of Gentle subsequent month.

In line with an X thread, Raini pays out 2 million in RST token rewards (about $3,340 price) for June and July forward of the sport’s everlasting shutdown on July 21.

Much like Blizzard’s standard Hearthstone, together with Web3 video games like Gods Unchained and Parallel, Raini: The Lords of Gentle is a aggressive sport through which gamers create decks of playing cards and take them into turn-based battles. It is out there to play through the Epic Video games Retailer.

Raini first issued collectible NFT playing cards on the Ethereum blockchain beginning in 2021, however later moved to Avalanche and issued extra NFTs there. The studio’s RST token was issued on Beam, a gaming-centric Avalanche L1 chain.

The Lords of Gentle has a fantasy theme, very similar to Hearthstone and Gods Unchained, but in addition leaned closely into crypto tradition and embraced humor, with playing cards that referenced Dogecoin, pseudonymous Bitcoin creator Satoshi Nakamoto, and disgraced FTX founder Sam Bankman-Fried.

“Over $1,000,000 in rewards and prizes have been paid out to tens of hundreds of players,” wrote Ceden CEO Sam Moody in a Discord publish Thursday. “The title has been an enormous success, however that success has waned, and participant stats at the moment are fairly low and never enough to justify the fee to keep up the sport for the studio, which additionally represents a systemic price to RST holders who proceed to undergo from the emissions the sport generates month-to-month.”

With Lords of Gentle shutting down subsequent month, Raini Studios will as an alternative shift focus to a pair of upcoming action-oriented video games: Lucha Throwdown and Uncaged: The Jon Jones Brawler.

Moreover, the studio revealed a shift in tokenomics to a deflationary mannequin, with plans to purchase and burn RST tokens utilizing a proportion of studio income, together with a transaction tax used to burn extra tokens from the availability. Raini hopes that dumping play-to-earn rewards with Lords of Gentle will present a brighter path ahead for the studio.

“It stays a bittersweet second for Raini Studios,” Moody wrote, “as we’re on the cusp of launching a number of the largest gaming titles that includes blockbuster world manufacturers, and RST begins a brand new and thrilling chapter with a completely deflationary future, and we additionally say goodbye to the sport that began all of it.”

RST is up 14% on the day to a present value of $0.0016, per information from CoinGecko. It is down almost 99% from its peak value in March 2024, with a market cap below $1 million.