Proof of Play Ceases Operations Amid Challenges in Web3 Gaming
Written with artificial intelligence.
Proof of Play, a Web3 game developer, announced on August 5 that it will cease operations due to difficulties in creating a scalable product. Despite this, the company plans to open-source its assets and the independent Pirate Nation Foundation will continue to support the PIRATE token.
Announcement of Cessation
On August 5, Proof of Play, the Web3 game developer, revealed that it would be ceasing operations. The team acknowledged that while they initially believed in the potential of blockchain gaming to shape the decentralized internet, they could not establish a viable product or sustainable business model.
Open-Sourcing Assets
As part of the closure, Proof of Play plans to open-source as much of its code and art assets as possible. This includes the Pirate Nation Unity application and the associated smart contracts. Additionally, the company's NFTs, artwork, and branding will be released under the Creative Commons Zero (CC0) license.
Future of Pirate Nation
The Pirate Nation Foundation, which operates separately from Proof of Play, will continue to support the PIRATE token and maintain its website. However, it is important to note that Proof of Play points will no longer be redeemable for content following the shutdown.
Acquisition of Shiba Story Go!
In a related development, the game Shiba Story Go! has been acquired by a third party and will continue to operate independently from Proof of Play. This news comes shortly after the startup successfully raised $33 million in seed funding in September 2023, with participation from investors such as a16z and Greenoaks.