Proof of Play to shut down after blockchain gaming thesis falls short
The a16z-backed studio will open-source Pirate Nation assets, while an independent foundation continues supporting the PIRATE token.
Proof of Play, a blockchain gaming studio backed by a16z, has announced it will shut down after its decentralized gaming thesis proved unsuccessful. The company will open-source much of its code, artwork, and intellectual property, including the Pirate Nation game, smart contracts, and internal software-development tools. The Pirate Nation Foundation, an independent entity, will continue supporting the PIRATE token and maintain its website.
Proof of Play's Apex and Boss networks, previously the largest gas consumers on Ethereum's rollup ecosystem, will no longer operate. The studio's Shiba Story Go! game has been acquired by an unidentified third party and will continue independently.
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