Crypto Gaming’s $200M Flop: Why Ember Sword’s Collapse Shocks Investors!
Ethereum-based MMORPG Ember Sword shuts down after raising $200M, citing funding woes. This high-profile failure rocks the Web3 gaming world. What went wrong, and what’s next for crypto games?
Ember Sword, an Ethereum-based massively multiplayer online role-playing game (MMORPG), abruptly shut down on May 21, 2025, despite raising over $200 million through NFT land sales and $7.1 million in investor funding since 2018. Developer Bright Star Studios cited an inability to secure further funds to continue development, leaving servers offline and the Discord community restricted. The game’s native token, EMBER, launched in June 2024, has crashed over 99% from its peak, per CoinGecko data.
Launched in early access on the Mantle network in December 2024 after stints on Polygon and Immutable X, Ember Sword struggled with poor user feedback on gameplay and technical issues. This closure joins a wave of Web3 gaming failures, including Deadrop and The Walking Dead: Empires, highlighting the sector’s volatility. For new investors, this underscores the risks of speculative NFT projects and the need for sustainable funding models. While the hype around blockchain gaming persists, projects must prioritize gameplay quality and community trust to succeed. Ember Sword’s collapse may deter investors, but resilient projects could redefine the space.
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The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
