Burned 200 million dollars! Is the shutdown of Ember Sword just the tip of the iceberg for blockchain games?
Another blockchain game myth has collapsed.
The Ethereum blockchain game "Ember Sword" officially announced its permanent shutdown, even locking its Discord community, giving off a vibe of "delete account and run away."
Back in 2021, it raised 203 million dollars with virtual land NFTs, featuring big names from Blizzard in its advisory team, and had over 35,000 players, once hailed as the "hope of blockchain games."
In 2024, migrating to Layer 2 Mantle, closed beta testing began, and the result?
— The EMBERS token plummeted 96%, with a market value of less than 80,000, freezing in despair.
This is not just the collapse of one project, but a wake-up call for the narrative of "blockchain games."
Relying on selling land, hype, and storytelling, after a round of hot money, users can't be retained, gameplay can't be sustained, and economic models collapse quickly.
Is the end of blockchain games Web3, or just the skin and bones of Web2?
This is not just Ember's problem, but a question all blockchain games need to ponder.
Do you still believe in the blockchain gaming track?
Feel free to share the pitfalls you've encountered or the projects you believe in in the comments, let's investigate together—who will be the next to explode?
