Solana-based PC shooter Nyan Heroes has introduced by way of X that it’s closing down.
Introduced in 2022 and promoting its first NFTs on Solana in 2023 and launching the NYAN token in Might 2024, the mech shooter has been dwell by way of Epic Video games Retailer for over a 12 months, just lately finishing its fourth playtest.
By way of gamers, the cited numbers appeared fairly good with over 1 million gamers throughout all classes, and 250,000 wishlists on Epic Video games Retailer and Steam.
However regardless of this, developer 9 Lives Interactive states that it wasn’t “in a position to safe the required capital to see the sport to completion”.
The corporate raised $8 million on a reported $100 million valuation through the growth instances of Might 2022, and an extra $3 million in 2024 with buyers over the 2 rounds together with Mechanism, Shima, 3Commas, Sfermion and Infinity Ventures Crypto.
Nevertheless, with web3 recreation funding at a four-year-low, it appears to be like like its current buyers couldn’t refund the tasks, nor might it appeal to new cash.
Particularly, and regardless of the participant quantity beforehand talked about, 9 Lives says that “the newest product did not drive the participant numbers that we’d been hoping for”, which seemingly was mirrored within the lack of investor confidence to fund additional growth.
“The trade is in a troublesome spot proper now and Nyan Heroes will sadly be closing its doorways,” it says.
“In our time collectively, the group has achieved unbelievable progress and demonstrated that its potential to do wonderful work whereas fostering a tradition of enjoyable and creativity. We’re collectively heartbroken that we wont be capable of deliver our cat-inspired universe to completion.”
