NFT strategy game Metroverse announced termination of development and closure of the game
On February 24, the NFT strategy game Metroverse announced that it would terminate the development and close the game. The community will continue to have the right to use Metroverse NFT to build any product. In response to the reasons for the closure, Metroverse said that the user participation in the past eight months has decreased significantly, and the number of website visits has decreased by about 96% compared with the same period last year. Due to the low popularity, the development cannot continue.
Interpretation of this information:
Metroverse, an NFT strategy game, recently announced its termination of development and closure. Although the community will still have access to the Metroverse NFT to build any product, the dwindling user participation, and website visitation led to the decision for closure. The game has experienced an outstanding drop in popularity, with a 96% decrease in website visits as compared to the same period the previous year.
The use of non-fungible tokens (NFTs) in gaming is not new, and the termination of Metroverse indicates the volatility of the gaming industry. Although digital currency has become more mainstream in gaming, the technology is still very much in its preliminary stages causing much uncertainty. The Metroverse community’s ability to use their NFTs after the game’s closure implies that it can still hold some residual value in terms of building other products.
It may seem like the game’s demise was solely due to the decrease in user participation and website visits, but other factors could have contributed. It could be possible that the game’s mechanics and design may have not been satisfactory for gamers, leading to a lack of attraction. In addition, there may have been a problem with the game’s marketing strategies or monetization plans that led to low user participation.
The termination of Metroverse, among others, serves as a cautionary tale to other NFT gaming projects and developers. The future of NFTs in gaming is still very much unknown, and building a game solely on the expectation of NFTs popularity is a risky move. Developers, gamers, and the crypto community as a whole need to work together to ensure the sector thrives, and that value is carried beyond the gaming world.
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