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The Viral Crypto Gaming Death List Counts Four Studios. It’s Really Two — And It’s Already Outdated
A viral list incorrectly identifies four separate crypto gaming studio collapses, when in reality only two studios, 9 Lives Interactive and Bright Star Studios, have shut down. Both studios, responsible for games Nyan Heroes and Ember Sword respectively, ceased operations in May 2025 due to an inability to secure further capital. The article notes that the situation is even more dire, with additional studios like Proof of Play and Forgotten Runiverse also closing, and highlights a significant decline in venture funding for the sector.
