The multiplayer online role-playing game (MMORPG) Ember Sword, built on the platform, announced its cessation of operations due to insufficient lack financial its activities. According to information from Decrypt on May 23, developer Bright Star Studios shared that they are forced to stop the entire project because they cannot raise the necessary investment capital.
Ember Sword was once a prominent name in the metaverse boom in 2021 game attracted a large number of users and and investorsors through through the digital asset ownershipership model via Non-Fungible Token, specifically virtual land plots in the game. In total raised total, Ember Sword raised approximately $203 million from Non-Fungible Token sales, becoming one of the blockchain game projects with the largest capital investment during that period.
Additionally, Ember Sword had also received $2 million from famous investors in the. the blockchain industry. Disrespect – a highly influential streamer and game anchor, along with The Sandbox co-founder Sebastien Borget. Notably, the development team also had consulting participation from Rob PRob, team leader of the of the game Warcraft, to ensure gameplay quality and long-term development direction for the project.
Despite possessing a strong team and impressive initial, investment, Still Could not overcome financial overcome financial challenges in the post-metaverse stage. The project's closure is a clear evidence of existing risks in the blockchain game field, especially when the business model depends too much on Non-Fungible Token sales instead of real gameplay value and user community sustainability.
