Solana-based hero shooter game Nyan Heroes is closing down as developer 9 Lives Interactive faces funding challenges. Despite attracting over a million players and generating significant interest, the game was unable to secure the necessary capital for completion. The game, which featured a play-to-earn model with the NYAN token, had planned a full launch for the upcoming winter. Efforts to secure new investments, grants, or acquisition fell short, leading to the unfortunate decision to cease operations. The closure reflects a broader trend in the Web3 gaming industry, with other projects like Mystery Society and The Walking Dead: Empires facing similar struggles. The news of Nyan Heroes' closure also impacted the NYAN token, which saw a significant drop in value. The future of the game remains uncertain, with discussions ongoing about potential acquisition or IP transfer. Despite the challenges, there is still hope for a revival in the future. Read more AI-generated news on: https://app.chaingpt.org/news