Kickstarter game wound up gambling on crypto, no refunds

Kickstarter game wound up gambling on crypto, no refunds
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Invincible Islands

picture: Invincible Islands

In 2021, at the height of the world’s collective blockchain craze, called a video game Invincible Islands-Pokemon, But with crypto stuffRaised over $500,000 on Kickstarter. A year later the game is practically dead, and it’s so broke that it can’t even pay back its backers.

inside A post on the game’s Steam pageThe developers said “we have to stop development on Untamed Isles and put the project on hold”, which seems only temporary until you read the rest of what they had to say:

There are many factors that lead to the lead at this point but what it all comes down to is that we are financially unable to keep up with the demands of what we set out to do.

Untamed Isles is a very ambitious open world monster-hunting MMORPG. We have brought over 70 staff members on board to work on this project and we have been slowly working for over 2 years to create the game we have been dreaming of. The truth is that the cost of development is high and there were a lot of obstacles in our way at this point. As we embark on 2020, the economic landscape has changed dramatically for cryptocurrencies in general and in particular, and we are not confident in the current market. We have run out of financial resources and are unable to continue development at this time.

When they say “the economic landscape has changed dramatically”, they mean “The donkey has fallen out of the crypto marketwhich we gambled your money with”:

We lean into the crypto market and expand rapidly on the back of positive interest. When the crash happened, we were too exposed because the runway was too short. The game is game-first, crypto-second in design, but crypto funds became and remain essential to our redemption. A lot of the projects that have been established in the storm, we actually have a great game design that can stand on its own two feet. But until the crypto situation is resolved – and we’re sure it will be at some point – then we’ll have to hibernate development on this project.

And that ass has fallen so far devs said in a separate post “With our cash reserves empty, we are not in a position to repay our early supporters. We are truly sorry for this and this scenario would have been different.”

While this may be the part of the story where I say that everyone who supported this game got exactly what they deserved, the reality is of the Untamed Isle The crypto elements were optional, and it’s clear from the backer response below the “hats” announcement on Kickstarter that many people were only interested in the game itself, not its speculative elements:

Image of article titled Kickstarter Game Goes Bust Gambling on Crypto, Can't Refund Backers

picture: Invincible Islands

of the Untamed Isle “Location” is especially odd It was just two weeks ago The team is confirming a launch date of October 6, 2022, and one of their key promises during the Kickstarter campaign was that “we are fortunate to have funding that allows us to safely deliver core functionality and gameplay”.

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