The blockchain game project Ascenders has halted game development and terminated company operations

ChainCatcher news, the action role-playing blockchain game project Ascenders based on Avalanche has announced the cessation of game development, including the flagship project "Ascenders MMORPG" and its accompanying mini-game "Ascenders: Simulation," while also terminating company operations.

The announcement stated, "The results of the land NFT minting carefully prepared in May 2023 fell far short of our expectations. Unfortunately, we have reached a point where we can no longer operate financially."

ChainCatcher previously reported that the action role-playing blockchain game project Ascenders based on Avalanche announced the completion of a $6.4 million private placement round, co-led by Paramount Capital, Three Arrows Capital, Sino Global Capital, and Merit Circle, with participation from DeFiance Capital, Blizzard Fund, Colony Labs, GuildFi, Momentum 6, Forward Analytics, Avocado Guild, Zee Prime Capital, Snack Club, Layer X, and Mintable, among others.