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

ZkProver · 2026-04-05T07:48:36+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

2026-04-05 07:48:36

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ChainCatcher message: the blockchain gaming platform Genome has released an announcement stating that, due to changes in market sentiment, the downturn of the InfoFi track, and shifts in external conditions, the project is facing closure, and the team is evaluating whether it can continue to move forward.

The announcement discloses that over the past 8-10 months, Genome raised approximately $600,000 in total through NFT sales and public fundraising, while core team members personally invested approximately $500,000 as well. In addition, some members chose to delay salary payments in exchange for token allocation, bringing the total capital to approximately $950,000-$1,000,000.

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

Operating expenses include cloud infrastructure, development tools, third-party APIs, and more. The funds raised were initially held in exchange wallets, and later used for development, infrastructure, and operating expenditures. The team said it is exploring possible financing, acquisitions, or partnerships, but there are currently no confirmed outcomes; the project has not issued tokens.

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