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 dwell by way of Epic Video games Retailer for over a 12 months, lately finishing its fourth playtest.
When it comes to gamers, the cited numbers appeared fairly good with over 1 million gamers throughout all classes, and 250,000 wishlists on Epic Video games Retailer and Steam.
However regardless of this, developer 9 Lives Interactive states that it wasn’t “able to secure the required capital to see the game to completion”.
The corporate raised $8 million on a reported $100 million valuation through the growth occasions 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 tasks, nor might it appeal to new cash.
Particularly, and regardless of the participant quantity beforehand talked about, 9 Lives says that “the latest product failed to drive the player numbers that we’d been hoping for”, which seemingly was mirrored within the lack of investor confidence to fund additional improvement.
“The industry is in a tough spot right now and Nyan Heroes will unfortunately be closing its doors,” it says.
“In our time together, the team has achieved incredible progress and demonstrated that its possible to do amazing work while fostering a culture of fun and creativity. We’re collectively heartbroken that we wont be able to bring our cat-inspired universe to completion.”
