Another crypto game crashes and burns, won't issue refunds to backers because there's no money left
pcgamer.comUntamed Isles(opens in new tab), a «monster-taming turn-based MMORPG» that found major success on Kickstarter, has been put «on hiatus» because of the crypto crash(opens in new tab)—Kickstarter backers are being told that there's no money left for refunds.
The 2021 Kickstarter campaign(opens in new tab) for Untamed Isles rang up a remarkable $527,000 in backing—more than four times its initial goal. It promised a fully open world with «unique areas for friends to gather, practice PVP, trade, breed monsters, clear dungeons, and play through the story of untamed isles socially with open voice proximity communications.»
It also boasted a «play to earn» model in partnership with Direwolf, which would enable most of the items and all of the monsters in the game to be «tokenized» and bought, sold, or traded in various marketplaces or the in-game auction house. Unfortunately, the commitment to crypto is where it all went wrong.
«To work on this project we brought more than 70 staff members on board and we were working relentlessly for more than 2 years to build the game we all were dreaming about,» developer Phat Loot Studios wrote on Steam(opens in new tab). «The truth is that the cost of development is high and there were lots of bumps on our way to this moment. Since we started the journey in 2020, the economic landscape has changed dramatically both generally and specifically for cryptocurrency, and we are not confident in the current market. We ran out of financial resources and we can’t carry on the development at this moment.»
Phat Loot said it «leaned into the crypto market and expanded rapidly off the back of the positive interest,» which left it in an untenable position when the crash came. Untamed Isles is not
Read more on pcgamer.com
