In accordance with Ourcryptotalk, Aether Games, the studio behind the blockchain-based trading card game Cards of Eternity, announced its permanent shutdown on December 15, 2025. The company published a detailed post-mortem outlining internal struggles, financial missteps, and structural flaws that led to its collapse. Despite securing over $10 million in funding and holding a license for The Wheel of Time IP, the studio failed to sustain its vision of merging blockchain incentives with traditional game development. The shutdown has become a cautionary tale for the Web3 gaming industry.
Aether Games Shuts Down After Failed Web3 Gaming Experiment
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Summary
Aether Games, the studio behind blockchain-based trading card game *Cards of Eternity*, shut down permanently on December 15, 2025. The company detailed internal issues, financial errors, and structural problems in a post-mortem. Despite $10 million in funding and a license for *The Wheel of Time* IP, the project failed to merge blockchain incentives with traditional game design. The collapse highlights risks in Web3 gaming, especially amid ongoing efforts in **Countering the Financing of Terrorism** and challenges in **liquidity and crypto markets**.
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