Neopets cancels its planned NFT sport after receiving funding from Polygon and Avalanche, transferring heart of attention to a veteran non-crypto mobile sport while promising perks for the Web3 workforce.
On the time of cancellation, the sport had already managed to promote over 9,000 Solana NFTs and secured a $4 million investment from backers much like Polygon Ventures and Avalanche’s ecosystem fund.
We’re inflamed to stammer an investment in @NeopetsMeta!
Neopets is a timeless IP and Blizzard is inflamed to toughen their aim of constructing an eco-pleasant, rapid, and low gasoline metaverse abilities. https://t.co/AgfEON49Ds
— Blizzard Fund (@BlizzardFund) January 19, 2023
The corporate now not too long ago announced the cancellation of its powerful-anticipated NFT sport, Neopets Metaverse, diverting resources to the pattern of a non-crypto mobile sport, World of Neopets, in an announcement on Monday.
This shapely shift comes unbiased about a months after Neopets Meta CEO, Dominic Law, expressed enthusiasm for the skill of NFT gaming in an interview with Forbes in March, announcing “Neopets is surely one of many first on-line video games that launched the sector of the accumulate to its avid gamers. That’s what we’re attempting to reproduction with Neopets Metaverse.”
In the legit cancelation observation, the Neopets Team, usually is known as TNT, disclosed their reasons for forsaking the NFT project:
“TNT has taken a cease belief at each nook and cranny of Neopets, and after doing so, the decision has been made to transition a ways from the Neopets Metaverse sport and redistribute those resources to the pattern of a sport that we in actuality feel can higher replicate our values and vision.”
This pivot to a more veteran gaming model coincides with Neopets’ separation from previous company affiliations, marking its first spell of independence in 18 years. Now working as World of Neopia, Inc., the corporate promises ongoing engagement with its fanbase through out of the ordinary updates and Q&A sessions.
It has also pledged to continue its toughen for the Web3 workforce, assuring perks for NFT holders at the side of in-sport forex and digital objects: “the Neopets Metaverse discord will continue to exist as a position for digital collectable holders to join with each diversified.”
Neopets’ new route, even though shapely, promises a return to familiar territory for the almost 25-year-outdated franchise. The corporate is scheduled to start its updated net build on July 20, resurrecting its outdated Flash video games by job of an emulator.
Nothing has been acknowledged relating to the $4 million funds raised for metaverse traits, on the opposite hand.