Chain game Ascenders announced that it will stop developing games and the company will also cease operations! 😱
Recently, the blockchain game Ascenders announced to the community on Discord that it would stop developing games and its company would also cease operations. The announcement stated that the results of the Land NFT minting that the team carefully prepared in May 2023 fell far short of its expectations. This makes us regret that another excellent chain game project has come to an end.
According to Niels, who claims to be an angel investor in Ascenders, he said in the community that the investor’s investment has been accrued to 0, and he learned in July this year that the company was facing bankruptcy due to no remaining funds. This has undoubtedly brought huge losses to investors, and also makes us worried about the future of the chain gaming industry.
To review, on March 8 last year, Ascenders, an action role-playing chain game project based on Avalanche, announced the completion of a US$6.4 million private placement round of financing, jointly led by Paramount Capital, Three Arrows Capital, Sino Global Capital and Merit Circle, with participating investors Including DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, Zee Prime Capital, Snack Club, Layer X and Mintable, etc. Now, this once high-profile project has come to an end, which makes people sad.
Although the suspension of Ascenders is regrettable, we must also see that there are still many excellent projects in the chain game industry that are continuing to grow and develop. We believe that driven by blockchain technology, the future of the blockchain gaming industry is still full of hope.
What do you think of the Ascenders hiatus? Welcome to speak freely in the comment area, and let us discuss the future direction of the chain game industry!
Recently, the blockchain game Ascenders announced to the community on Discord that it would stop developing games and its company would also cease operations. The announcement stated that the results of the Land NFT minting that the team carefully prepared in May 2023 fell far short of its expectations. This makes us regret that another excellent chain game project has come to an end.
According to Niels, who claims to be an angel investor in Ascenders, he said in the community that the investor’s investment has been accrued to 0, and he learned in July this year that the company was facing bankruptcy due to no remaining funds. This has undoubtedly brought huge losses to investors, and also makes us worried about the future of the chain gaming industry.
To review, on March 8 last year, Ascenders, an action role-playing chain game project based on Avalanche, announced the completion of a US$6.4 million private placement round of financing, jointly led by Paramount Capital, Three Arrows Capital, Sino Global Capital and Merit Circle, with participating investors Including DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, Zee Prime Capital, Snack Club, Layer X and Mintable, etc. Now, this once high-profile project has come to an end, which makes people sad.
Although the suspension of Ascenders is regrettable, we must also see that there are still many excellent projects in the chain game industry that are continuing to grow and develop. We believe that driven by blockchain technology, the future of the blockchain gaming industry is still full of hope.
What do you think of the Ascenders hiatus? Welcome to speak freely in the comment area, and let us discuss the future direction of the chain game industry!