Proof of Play Closes, Web3 Game Developer Founded by Amitt Mahajan

Proof of Play, a web3 video game developer, announced the definitive cessation of its operations due to lack of financial profitability. The decision entails the interruption of the development of its projects, after recognizing the impossibility of maintaining its operational model. Founded in 2022 by Amitt Mahajan, co-creator of FarmVille, the company aimed to integrate cryptocurrencies into the video game industry, focusing on titles with digital economies based on tokens. Its main project, Pirate Nation, is a strategic role-playing game and naval combat. Following the liquidation, the company will release its accumulated technical work, opening the source code and art for the community. The non-fungible tokens (NFTs) known as Founder Pirates, along with the intellectual property of Pirate Nation, were released under a CC0 license, allowing their use without copyright restrictions. Additionally, they shared their internal workflow tool to facilitate software creation. The closure of Proof of Play adds to over 100 companies in the bitcoin and cryptocurrency ecosystem that have ceased operations or declared bankruptcy in 2026.

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