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Web3 Games Continue to Close as Funding Dries Up
The Web3 gaming sector is experiencing widespread closures and a significant funding drought, with nine games halting operations in 2025 alone. Venture capital and crypto-specific funding have declined sharply since late 2023, impacting studio sustainability despite an increase in token launches. While many projects fail within four months due to an overemphasis on tokenomics and underdeveloped gameplay, a few like Alien Worlds and Splinterlands demonstrate potential through community engagement and robust economic practices.
Wildcard Ceases Operations
Wildcard has announced the cessation of all multiplayer and competitive activities, including the Wildcard Premier League and Thousands Network, effective April 27, 2026. While the game's intellectual property will be preserved, no future developments or alternative modes are currently planned. The company will facilitate final prize distributions and KYC processes until early May 2026, after which remaining in-game currency will be burned.
Wildcard is using the bones of its abandoned MMO Atlas to build naval content DLC for ARK Survival Ascended
Wildcard is repurposing assets and technology from its abandoned survival MMO Atlas for the upcoming Tides of Fortune DLC in ARK: Survival Ascended. Co-founders Jeremy Stieglitz and Jesse Rapczak stated that Atlas was too ambitious, but its naval and water systems are being integrated into ARK: Survival Ascended, allowing players to craft ships and experience more dynamic waters.