ChainCatcher news, mobile publisher Zynga has announced that it has abandoned its Web3 game Sugartown. The company revealed that it has sold "all products and assets" of the game to Web3 developer D20 Labs, with the specific sale amount not disclosed. Zynga first launched Sugartown last year, developing the game using Web3 and blockchain technology. The head of D2 marketing pointed out that the studio is entirely composed of Zynga's former Web3 team, and this handover has been in preparation for months, with plans to continue the original game's Web3 team's initiatives.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang stated that cultural coins are a new type of meme coin. He believes that cultural coins represent the values and lifestyles of real communities, with the advantage of uniting communities.He mentioned that Mechanism Capital has accumulated positions in several cultural tokens over the past few months, focusing on projects and marketing activities that can attract large communities. He highlighted two favorite projects: $MOUTAI and $ZYN.Regarding $MOUTAI, Kang pointed out that it is a candidate for Chinese/Asian cultural coins, with the potential to attract Eastern speculative capital. Moutai, as the largest consumer brand in Asia, represents success and is frequently used in celebratory events. He also mentioned global tasting events/parties and collaborations with Brave.Regarding $ZYN, this is a widely popular nicotine pouch product in the Americas and Europe. $ZYN represents "bro" culture and is favored by athletes and finance professionals. He also mentioned migration plans, the "Zyn to earn" project, and collaborations with KOLs.

ChainCatcher news, according to The Block, the publisher of the Grand Theft Auto series, Take-Two Interactive Software's subsidiary is launching its first Web3 game, Sugartown. It is reported that Sugartown is developed by Take-Two's subsidiary Zynga, allowing players the opportunity to earn in-game currency. Players will use Ethereum (or ERC-721) tokens to access the game. An access token named Oras will be issued later this year, with 10,000 of these tokens available for minting as part of the initial rollout.