Ethereum's 'Ember Sword' Is the Latest in a Growing Wave of Crypto Game Shutdowns
Summary
Ember Sword, an Ethereum-based MMORPG, has shut down due to a lack of funding, marking a trend of crypto game closures. The game had previously raised $203 million in NFT land sales and attracted notable investors and advisors. Despite entering closed beta in July 2024 and public early access later, the game faced criticism for its gameplay. The EMBER token's market cap has plummeted to $82,000, down over 99% from its peak. Other recent closures in the crypto gaming space include Nyan Heroes, Blast Royale, and Tatsumeeko, with many developers citing funding issues. This reflects a broader decline in the crypto gaming market.
