The ambitious crypto gaming project ‘Forgotten Runiverse,’ an attempt to build a sprawling, interoperable metaverse and MMORPG on the Ronin Network, has officially ceased development, marking yet another high-profile casualty in the volatile Web3 gaming sector. The game, built by the development team linked to the popular Forgotten Runes Wizard’s Cult NFT collection, was launched with considerable hype, promising true digital ownership, community-driven narrative, and a sustainable play-to-earn (P2E) model.
However, despite its strong artistic foundation and backing from an established NFT community, the project failed to transition successfully from its alpha phase to a fully sustainable product. The team cited insurmountable challenges in securing necessary follow-up funding amidst a tightening venture capital environment for speculative Web3 endeavors, combined with the difficulty of maintaining a large-scale development team required for an MMORPG.
The shutdown is a significant setback for the Ronin Network, the Ethereum sidechain primarily known for hosting Axie Infinity. Ronin has been actively seeking to diversify its ecosystem and attract new flagship gaming titles. The failure of ‘Forgotten Runiverse’ underscores the fundamental challenges facing P2E games: struggling to create engaging, long-term gameplay loops that can retain users after the initial monetary incentives dwindle, and building economic models that can survive market volatility. The fate of ‘Forgotten Runiverse’ serves as a stark reminder that strong concepts and backing are often insufficient to overcome the hurdles of building viable, scalable entertainment in the decentralized space.
Source: ‘Forgotten Runiverse’ on Ethereum Network Ronin Is the Latest Crypto Gaming Casualty
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