Web3 Games Keep Shutting Down – What’s Going On?
Everything You Need To Know: Blockchain, Crypto, and AI
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Plenty of big updates this week—here are the top stories you need to know!
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Spectrum Highlight 🌈
Web3 Games Shutting Down and More Continue…
Key highlights…
🧝 Tatsumeeko: Lumina Fates
Despite eight playtests and positive community feedback, the developers concluded that the game did not align with their long-term sustainability goals and quality expectations.
🐱 Nyan Heroes
Backed by $13 million in funding and a team with experience from franchises like Halo and Destiny, Nyan Heroes struggled with player retention. The lack of sustained user engagement led to dwindling investor confidence and the project's eventual shutdown.
🔫 Blast Royale
After raising $5 million, Blast Royale aimed to carve out a niche in the battle royale genre. However, scalability issues led to its scheduled shutdown by the end of June. The team plans to open-source the codebase, allowing the community to utilize and build upon it.
🏀 Rumble Kong League
Known for its high-profile marketing and endorsement from NBA player Steph Curry, Rumble Kong League faced challenges with its $FAME token, which suffered from limited liquidity and rapid value loss. Operational support waned, leading to the project's sale to a company in Brazil.
Deep dive into the full scoop, here!
Spectrum Rewind 🔁
Major Industry + Platform News
🟢 Sequence and Soulooter Partner Up
🟢 Blast Royale Officially Shuts Down
🟢 Nyan Heroes Shuts Down Due to Market Challenges
Game Updates + Tokens
🟣 Haunted Space Event Offers $100K Rewards
🟣 L3E7 Launches 2nd CBT May 15 - May 22
🟣 Calamity’s Chill Playtest Starts
🟣 Pirate Nation Offers 1M $PIRATE Prizes
Funding + Reports
🔴ApeChain Chooses Arbitrum for ApeCoin
🔴 Layer Raises $6.5M For AI Tools
🔴 Super Banana Secures Funding from Griffin Gaming Partners
🔴 TaleMonster Games Secures $7M Seed Funding
Meme Coins & Trading
If you’re looking to trade memes, we’ve got you covered. Currently we are using Bloom Solana on Telegram — Sign up below. (NFA, DYOR).
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Spectrum Deep Dive 🔥
Web3 Gaming Secures $1.8B in Investments Over 5 Years
Here's a quick overview…
💰 $1.8B Poured into AI Gaming Startups
From 2020 to 2024, 178 AI-focused gaming startups secured around $1.8 billion across 264 VC deals—showing just how hot AI is in the gaming world.
🧠 AI Tools Powering the Future
These startups are using AI to generate art, build game worlds, write dialogue, and create smarter NPCs—cutting dev time and boosting creativity.
📊 Where the Money Went
$1.2B went to content creation tools
$400M backed infrastructure and automation
$200M funded AI for marketing and monetization
🚀 Top Startups & VCs
Stability.ai ($101M), Parametrix.ai ($100M), and Pika ($80M) lead the pack. Andreessen Horowitz is the top investor, involved in 20 deals worth $233M.
More information is available here!
Spectrum Secrets 🤫
Noted by our team as MUST-watch projects…
Pirate Nation 🏴☠️
AI Arena 🚨
Some web3 projects you should keep tabs on…
Eternum 🏰
Please note this is NOT financial advice and we always encourage our community to proceed with caution. Check links before clicking or connecting wallets. Stay safe, we love you.
Spectrum Extra ⚡
A New InfoFi Arrives 🔥
Here is what you need to know…
🚀 Cookie DAO Powers the AI Agent Economy
Cookie DAO is building the first index for AI agents—creating a data-rich hub that helps developers and users track and understand the agent ecosystem.
🔓 Stake $COOKIE for Access & Rewards
Stake $COOKIE tokens to unlock premium API access, earn governance rights, and participate in multi-airdrop farming across supported AI projects.
📈 What Cookie Offers
Real-time on-chain + social analytics via Cookie Snaps
“Mindshare” rankings to measure AI agent influence
Public dashboards for ecosystem tracking
🎯 Multi-Airdrop Farming
Stake $COOKIE to access multiple ecosystem airdrops—designed to reward active contributors and token holders across the AI agent space.
Want to learn more… here are the details!
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