GameStop announced its purchase of 4,710 Bitcoin, valued at approximately $512 million, to establish a corporate Bitcoin treasury. This move follows a $1.5 billion convertible notes offering and aims to position GameStop in the cryptocurrency market as a hedge against currency devaluation. Meanwhile, the Ethereum-based games Realms of Alurya and Wonder Wars have announced they are shutting down due to funding issues, echoing a trend in the crypto gaming sector where several games have recently closed due to insufficient financial backing and dwindling player bases. The shutdowns emphasize the economic challenges faced by many crypto games, with prior closures like Nyan Heroes and Ember Sword highlighting the industry's difficulties. Additionally, Yuga Labs sold the Moonbirds IP to refocus on its core projects. These events illustrate the volatile landscape of crypto gaming, as even established companies struggle to maintain operations and profitability amidst market pressures.

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