Proof of Play to shut down after blockchain gaming thesis falls short

cointelegraphОпубліковано о 2026-08-05Востаннє оновлено о 2026-08-05

Анотація

Blockchain gaming studio Proof of Play is shutting down after conceding it failed to build a sustainable business around its decentralized gaming model. The a16z-backed company stated it could not develop a product that proved blockchain games could help scale a decentralized internet. Much of its code, artwork for the Pirate Nation game, smart contracts, and tools will be made open-source. An independent foundation will continue supporting the game's PIRATE token, but Proof of Play points lose all value. The studio released related NFT artwork and IP under a permissive CC0 license, while its Shiba Story Go! game was sold and will operate separately. At their height, the studio's networks were among the largest gas consumers on Ethereum's rollup ecosystem.

Blockchain game developer Proof of Play will cease operations after failing to build a sustainable business around its decentralized gaming thesis.

The a16z-backed studio said Tuesday it could not develop a product that proved blockchain-based games could help usher in a decentralized internet at scale. It will open-source much of its code and artwork, including the Pirate Nation game, smart contracts and internal software-development tools.

Proof of Play said the independent Pirate Nation Foundation will continue supporting the PIRATE token and keep its website operational. However, Proof of Play points will not be redeemable for anything.

The studio also made the artwork and intellectual property associated with the Founder Pirates non-fungible tokens and Pirate Nation available under a CC0 license. Its Shiba Story Go! game was acquired by an unnamed third party and will continue operating independently.

At their peak, Proof of Play’s Apex and Boss networks were the two largest gas consumers tracked across Ethereum’s rollup ecosystem

Related: Yield Guild Games cuts 35 staff, shuts game publisher to focus on AI

Пов'язані питання

QWhat is the main reason Proof of Play is shutting down?

AProof of Play is shutting down because it failed to build a sustainable business around its decentralized gaming thesis and could not develop a product that proved blockchain-based games could help achieve a decentralized internet at scale.

QWhat will happen to the Pirate Nation game and its related code?

AProof of Play will open-source much of its code and artwork, including the Pirate Nation game, its smart contracts, and internal software-development tools.

QWho will continue to support the PIRATE token after Proof of Play's shutdown?

AThe independent Pirate Nation Foundation will continue supporting the PIRATE token and keep its website operational.

QUnder what license is the artwork and IP for Founder Pirates and Pirate Nation being made available?

AThe artwork and intellectual property associated with the Founder Pirates NFTs and Pirate Nation are being made available under a CC0 license.

QWhat was notable about Proof of Play's Apex and Boss networks on Ethereum?

AAt their peak, Proof of Play's Apex and Boss networks were the two largest gas consumers tracked across Ethereum's rollup ecosystem.

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