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

ZkProver · 2026-03-30T06:50:11+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

2026-03-30 06:50:11

Abstract generation in progress

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

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 have personally invested around $500,000, with other members choosing to delay salary payments in exchange for token allocations, totaling an investment of about $950,000 to $1,000,000.

During this period, the team has completed the development of several core products and infrastructure, including the Splice platform, but due to changes in the X API, the project cannot be sustained. The announcement detailed the team composition and monthly costs, covering engineering positions such as front-end, back-end, smart contracts, machine learning, as well as functions such as product, operations, and design.

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

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes