Proof of Play, a blockchain gaming studio and onchain technology company, said on Aug. 4 that it will cease operations. The company said it had initially believed games built with blockchain technology could help open a new decentralized internet, but it ultimately failed to create a product that could validate that idea at scale or support a sustainable business. As part of the wind-down, Proof of Play said it will open-source as much of its code and art assets as possible for future builders, including Pirate Nation-related apps, smart contracts, founder NFTs, and intellectual property released under a CC0 license. The company also said the Pirate Nation Foundation, which operates independently from Proof of Play, will continue to support the $PIRATE token and keep its website online. Proof of Play points will not be redeemable. Separately, Shiba Story Go! has been acquired by a third party and will continue operating independently.
According to ChainCatcher, blockchain gaming studio and onchain technology company Proof of Play said on Aug. 4 that it will shut down.
The company said it had originally believed games using blockchain technology had the potential to open a new decentralized internet. It said it ultimately was unable to build a product that could validate that idea at scale or turn it into a sustainable business.
Code and art assets will be open-sourced where possible
Proof of Play said it plans to open-source as much of its code and art assets as possible for future builders. That includes Pirate Nation-related applications, smart contracts, founder NFTs, and intellectual property released under a CC0 license.
Pirate Nation Foundation will keep supporting $PIRATE
The company said the Pirate Nation Foundation, which is independent from Proof of Play, will continue supporting the $PIRATE token, and the foundation's website will remain online. Proof of Play points will not be redeemable.
Shiba Story Go! sold to a third party
Proof of Play also said Shiba Story Go! has been acquired by a third party and will continue to operate independently.
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