Tatsu Works has pulled the plug on Tatsumeeko Lumina Fates after a journey of three years, backed with $7.5 million venture capital.
Blockchain game Developer Tatsu Works has announced that it is stopping development of its MMORPG lite title “Tatsumeeko: Lumina Fates,” After raising $7.6 million in venture financing, it took three years to raise the money.
In a statement on Monday, the Singapore-based firm said that it was launching a new product. blog announcement After several rounds of testing, the product failed to meet expectations.
“While the concepts were exciting and there were many moments of promise, the end results didn’t give us the confidence to move forward in a way that would be sustainable. We know this news may be disappointing for those who were excited about Lumina Fates, and we deeply appreciate the time, passion, and anticipation you invested in its journey.”
Tatsu Works
Tatsumeeko Lumina Fates has been designed to run on Ethereum You can also find out more about the following: Solana The game will be based on blockchains with NFTs integrating to create unique digital items and new business models. The Tatsu.GG platform, which is based on Discord and is used by 60 million people for gamification in over 1.4 millions communities, was the foundation of this project.
“We remain committed to creating experiences that live, breathe, and evolve with their communities. With Project: Wander already in development, we’re aiming to bring your digital third places to life like never before. It will serve as a humble collaborator to your creativity.”
Tatsu Works
Despite ending development on Lumina Fates, the company says it’s shifting focus back to its core strength — building games that grow and evolve within existing communities. Tatsu Works promised that it would convert NFTs, such as Meekolony Passes (as well as Aethereal Parcels), into utilities to be used for future projects.
Tatsu Works raised DeFiance Capital and Bitkraft Ventures led a $7.5 million seed round in June of 2022 for Tatsumeeko Lumina Fates. Binance Labs was another investor, along with Animoca Brands Dialectic & GuildFi.
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Source: crypto.news
