Nyan Heroes is shutting down

Solana-based PC shooter Nyan Heroes has introduced by way of X that it's closing down.

Introduced in 2022 and promoting its first NFTs on Solana in 2023 and launching the NYAN token in Could 2024, the mech shooter has been reside by way of Epic Video games Retailer for over a 12 months, not too long ago finishing its fourth playtest.

By way of gamers, the cited numbers seemed fairly good with over 1 million gamers throughout all periods, and 250,000 wishlists on Epic Video games Retailer and Steam.

However regardless of this, developer 9 Lives Interactive states that it wasn’t “in a position to safe the required capital to see the sport to completion”.

The corporate raised $8 million on a reported $100 million valuation through the increase instances of Could 2022, and an additional $3 million in 2024 with traders over the 2 rounds together with Mechanism, Shima, 3Commas, Sfermion and Infinity Ventures Crypto.

Nonetheless, with web3 sport funding at a four-year-low, it seems like its current traders couldn’t refund the initiatives, nor may it entice new cash.

Specifically, and regardless of the participant quantity beforehand talked about, 9 Lives says that “the most recent product did not drive the participant numbers that we’d been hoping for”, which seemingly was mirrored within the lack of investor confidence to fund additional improvement.

“The business is in a tricky spot proper now and Nyan Heroes will sadly be closing its doorways,” it says.

“In our time collectively, the crew has achieved unbelievable progress and demonstrated that its attainable to do superb work whereas fostering a tradition of enjoyable and creativity. We’re collectively heartbroken that we wont have the ability to carry our cat-inspired universe to completion.”

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