Chain Game Studio Proof of Play Announces Cessation of Operations and Open-Sources Pirate Nation Assets

iconChaincatcher
Share
AI summary iconSummary
On-chain news outlet Chaincatcher reported on August 4 that blockchain game studio Proof of Play is ceasing operations. The company acknowledged it failed to build a scalable product or sustainable business aligned with the decentralized internet vision. Pirate Nation assets, including smart contracts and NFTs, will be open-sourced under CC0. The Pirate Nation Foundation will continue to support $PIRATE. Real-world assets (RWA) news is emerging as the studio shifts focus. Shiba Story Go! is now independently operated. Proof of Play points are non-redeemable.

ChianCatcher report: On August 4, the blockchain gaming studio and on-chain technology company Proof of Play announced it would cease operations. The company stated that while it initially believed blockchain-based games held the potential to pioneer a new decentralized internet, it ultimately failed to build scalable products or a sustainable business model to validate this vision. Proof of Play will open-source as much of its code and artistic assets as possible for future builders, including applications related to Pirate Nation, smart contracts, founder NFTs, and IP (under CC0 license). The independent Pirate Nation Foundation will continue supporting the $PIRATE token and maintain its website; Proof of Play points are non-exchangeable. Additionally, Shiba Story Go! has been acquired by a third party and is now operating independently.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.