ChronoForge Shuts Down: Web Three Gaming's Financial Woes
Update: 2025-12-10
Description
ChronoForge, a Web Three gaming studio, shuts down due to funding issues, marking a challenging time for the entire Web Three gaming sector. The studio, developing a multiplayer action RPG focused on digital asset ownership, faced an eighty percent staff reduction and a funding shortfall that led to founders paying for development out of their own pockets. The shutdown reflects the broader struggle for Web Three gaming, also known as GameFi, which has seen weak funding and declining user interest.
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