Chain Game Studio's Proof of Play Announces Cessation of Operations and Will Open Source Pirate Nation Assets

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On-chain news broke on August 4 as blockchain game studio Proof of Play announced it will cease operations. The company cited its inability to build a scalable product or sustainable business around its vision of a decentralized internet. Pirate Nation assets, including smart contracts and NFTs, will be open-sourced under CC0. The Pirate Nation Foundation will continue to support the $PIRATE token. Shiba Story Go! is now independently operated. The real-world assets (RWA) update highlights the open-sourcing of game IP and code for future developers. 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 it initially believed blockchain-enabled games had the potential to pioneer a new decentralized internet, but 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.

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