tl;dr
Two Ethereum-based games on the Ronin network, Realms of Alurya and Wonder Wars, are shutting down due to inability to secure ongoing development funding. Hello Monster, developer of Wonder Wars, announced the shutdown and cancellation of its utility token launch, citing unsustainable financial pros...
Developers of the Ethereum-based games Realms of Alurya and Wonder Wars have announced shutdowns, citing their inability to secure ongoing funding necessary for continued development.
Hello Monster, the developer behind Wonder Wars, highlighted that the game failed to meet key performance metrics, making it financially unviable to continue operations or launch its planned utility token. The team expressed gratitude toward the community while announcing the difficult decision to cease operations.
Realms of Alurya halted operations following the abrupt termination of its publishing contract and funding by Treasure, which is winding down its blockchain activities to pivot toward AI, also facing funding challenges. The Realms of Alurya team acknowledged overreliance on Treasure as a single source of funding and are currently exploring new options while keeping the game offline.
These closures exemplify a broader industry trend: multiple crypto gaming projects are shutting down due to financial difficulties and shrinking player bases. Recent exits include Solana’s Nyan Heroes, Ethereum games Ember Sword and The Mystery Society, as well as Gala Games’ The Walking Dead: Empires.
Market impact extends beyond individual games. Gaming-centric crypto tokens have experienced notable declines, with only Immutable’s IMX token maintaining a position in the top 100 by market capitalization, reflecting a contraction in the crypto gaming sector.
Overall, the recent developments underscore the challenges facing blockchain-based gaming projects as they navigate funding, market retention, and sustainable growth in a volatile environment.