Blockchain game Genome reveals it is facing closure due to market changes, and the team is seeking options to continue operating.

ZkProver · 2026-03-27T06:02:05+00:00

The blockchain game platform Genome announced the possible shutdown of the project due to changes in market sentiment and external conditions. The team has raised approximately $600,000 and invested nearly $1 million, completing the development of several core products. However, due to changes in the X API, the project has become difficult to sustain, and they are currently evaluating future possibilities.

ZkProver

2026-03-27 06:02:05

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ChainCatcher news, the blockchain gaming platform Genome has announced that due to changes in market sentiment, the decline of the InfoFi sector, and shifts in external conditions, the project is facing closure, and the team is assessing whether it can continue.

The announcement disclosed that over the past 8-10 months, Genome has raised approximately $600,000 through NFT sales and public fundraising, while core team members personally invested about $500,000, and some members chose to defer salary payments in exchange for token allocations, totaling an investment of approximately $950,000 to $1 million.

During this period, the team completed the development of several core products and infrastructure, including the Splice platform, but the project’s sustainability was hindered by changes to the X API. The announcement detailed the team composition and monthly costs, covering engineering positions such as front-end, back-end, smart contracts, and machine learning, as well as functions like product, operations, and design.

Operational costs include cloud infrastructure, development tools, third-party APIs, etc. The raised funds were initially stored in an exchange wallet and later used for development, infrastructure, and operational expenses. The team stated that it is exploring possibilities for financing, acquisition, or collaboration, but there are currently no definitive results, and the project has not issued tokens.

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