In 2025, the crypto gaming industry has seen several significant game and studio shutdowns due to ongoing funding issues and challenges in sustaining development. Notable examples include Deadrop and Nyan Heroes, both of which ceased operations after failing to secure necessary financing. Deadrop, created by Midnight Society, ended abruptly with only two days' notice, leading players to seek refunds through chargebacks. Ember Sword, another project that once raised over $200 million, also shut down citing a lack of funds. Numerous other projects like Realms of Alurya, The Walking Dead: Empires, and Mojo Melee have closed or announced their forthcoming closures, highlighting a troubling trend in the industry where many promising titles struggle to maintain player bases and secure financing. Developers continue to grapple with the transition to stable business models and building player communities in the competitive gaming and blockchain market.

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