Another one down! The metaverse game ChronoForge announces server shutdown on December 30. The founder's personal funds are no longer sufficient to keep it going.
【BiTi】Another metaverse game project can’t hold up anymore. ChronoForge just officially announced it will shut down on December 30th, with the founder bluntly stating in the announcement, “The resistance was too strong.”
A broken funding chain is the last straw that breaks the camel’s back. Since July this year, the founder has been injecting personal funds to sustain development, and the team has even cut 80% of its staff. Who can withstand such a money-burning speed?
Looking back at this project: 7,500 playable NFT characters, along with a bunch of mini-games. The developer is Minted Loot Studios, and the token ecosystem is managed by the affiliated organization Rift Foundation. When the project launched its first NFT series in 2022, the community atmosphere was quite lively.
But the reality is so cruel—relying solely on passion and vision in a bear market simply can’t keep it alive. The fate of ChronoForge is probably just a microcosm of many chain game projects.
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AlwaysQuestioning
· 12-13 19:12
Did the founders really put their own money in? That’s got to be the ultimate despair, showing there really is no way out.
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Once again a victim of the bear market. The projects that were hyped up so much early on are now suffering the most.
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80% of the team has been cut but they’re still holding on. In the end, they just can’t take it anymore... This is the reality of Web3.
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The community was lively in 2022, but by 2024 most projects have shut down. There are countless stories of turning around and forgetting.
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Once the funding chain breaks, everything is pointless. Even the best visions can’t save the dilemma of empty accounts.
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Why are people still playing these projects? I really don’t understand where the logic is.
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How much is sentimental value worth? It’s better to be realistic and admit that the market is just this brutal.
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7500 NFT characters, and in the end, they might all just become worthless images. Haha.
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DegenWhisperer
· 12-13 03:14
Pouring money out of pocket can't save it, this is the reality of web3.
Another one dies in the bear market, and a few more will die next year.
How much is passion worth? When making a game, you still need real money.
80% of the team has been laid off, this is a sign of impending collapse.
NFT games are like this; once the hype passes, no one plays anymore.
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CascadingDipBuyer
· 12-11 01:57
Even the founders can't save it out of their own pockets—that's the fate of blockchain games.
Another one caught in the bear market. No matter how good the fundraising story is, it doesn't help.
80% of the team is cut, and once the funding chain breaks, the game is gone—brutal reality.
Basically, it's a money-burning game; no real economic model can sustain it.
NFT games really need to wake up. How many more will die in this wave?
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TommyTeacher
· 12-11 01:48
The founders can't even cover the costs themselves; this is the current state of blockchain games.
Another PPT project has collapsed; the bear market is truly ruthless.
7500 NFT characters can't save it, haha.
Losing money to shut down the server shows at least some conscience.
What happened to the promised metaverse dream? Still wanted to change the world in 2022.
How many people got cut in this wave? I don't dare to look at the reactions of the token holders.
The team reduced 80% of its staff; how can we expect quality?
Emotional value is worth so little; the bear market is a true test of worth.
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BlockBargainHunter
· 12-11 01:44
Even the founder's own money can't keep it afloat. This bear market is really desperate. Another big dream of making it big has been shattered.
Another one down! The metaverse game ChronoForge announces server shutdown on December 30. The founder's personal funds are no longer sufficient to keep it going.
【BiTi】Another metaverse game project can’t hold up anymore. ChronoForge just officially announced it will shut down on December 30th, with the founder bluntly stating in the announcement, “The resistance was too strong.”
A broken funding chain is the last straw that breaks the camel’s back. Since July this year, the founder has been injecting personal funds to sustain development, and the team has even cut 80% of its staff. Who can withstand such a money-burning speed?
Looking back at this project: 7,500 playable NFT characters, along with a bunch of mini-games. The developer is Minted Loot Studios, and the token ecosystem is managed by the affiliated organization Rift Foundation. When the project launched its first NFT series in 2022, the community atmosphere was quite lively.
But the reality is so cruel—relying solely on passion and vision in a bear market simply can’t keep it alive. The fate of ChronoForge is probably just a microcosm of many chain game projects.