Phat Loot Studios, which is developing the MMORPG MMORPG Untamed Isles , reports that the collapse in cryptocurrency has to suspend the development of games.
UNTAMED ISLES is an MMORPG that uses monsters in the open world world to explore and fight. In the Kickstarter campaign, which started on August 27, 2021, the company raised 840,994 New Zealand dollars (approximately 71 million yen), more than four times the target, and continued to develop for the release on October 6, 2022.
However, on August 12, the company reported on the official website and Steam that the development of games will be suspended due to the bankruptcy of the company. The cause is that the development costs that have been conducted in the 70-person system are too high, and it seems that the cryptocurrency that the company has been inclined is also the cause.
UNTAMED ISLES introduced an NFT mechanism called Phat Loot Tokens (a method to make production items token). It seems that the investment expected of this system was a great help in the development funding of this work, but it seems that many investors have withdrawn in relation to recent cryptocurrency crashes.
The latest posts claimed that crowdfunding funds were used only for development. In addition to the withdrawal of investors, many users have a negative view of games using NFT, and the number of games reservations will be reduced, and the release on the scheduled release date. It has been reported that it has become impossible.
It has also been reported that the FAQ regarding this matter is impossible to refund to Kickstarter investors because there is currently no funding. However, it seems that refunds will be made for Phat Loot Tokens and advance reservations. In the comments section of Kickstarter, there are flooded calls for refunds.
In the past, Age of Rust, which has an NFT mechanism in the past, has become unable to sell. There was no explanation about NFT in the Steam store page and the official game introduction of this work , and the Steam Forum also commented on Is it possible to release?
The company has reported that it will resume the development of when the status of cryptocurrencies has improved and aim to release it. This work, which has Game First, Crypto Second. , what will happen in the future?