A YZI Labs-Backed Web3 Game Is Canceled Despite $7.5 Million in Funding

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Tatsumeeko, a blockchain game with many prominent crypto investors, unexpectedly ends development. Despite raising $7.5 million in the 2022 seed funding round, the project ultimately failed.

The game's fan community was very angry with this sudden announcement, with some long-time investors even suspecting it was a scam. The developers have started another game, so the studio is not completely closed.

Tatsumeeko Web3 Game Development Ends

When Tatsumeeko began development, it attracted significant interest with its blockchain-based community game concept. Initial sponsors included Binance Labs (now an independent company, YZi Labs), Animoca, Definance Capital, and large angel investors such as the Twitch co-founder.

However, today, an announcement confirmed the project's cancellation.

The development team was quite vague about the reasons for ending Tatsumeeko's development. Instead, they mainly stated that the next project would start immediately. The game will be called Project: Wander, and community integration will focus on Discord.

Very little other information was disclosed; it is even unclear whether Ronin, a blockchain GameFi protocol, will continue to support the next game.

When the first announcement appeared on social media, the community's reaction was quite harsh. Many fan accounts even accused the development team of pulling a rug. However, the Tatsumeeko developers were quite active in responding to hurt supporters.

Clearly, a recurring issue during Tatsumeeko's development was setting overly ambitious goals. The community aspect always focused on Discord, but side projects also explored the GameFi potential of Telegram.

Developing in parallel on completely different platforms was cited as a reason why the main game was abandoned.

Many supporters also expressed concerns about the resources invested in Tatsumeeko's development. Beyond seed capital, supporters had participated in daily missions and typical GameFi interactions hoping to earn future rewards.

The announcement stated that these users would see their "assets converted into new utility and value forms" in the next project.

Despite these assurances, it is understandable why game fans might still be skeptical. Although development began with high enthusiasm in 2022, Tatsumeeko's activity gradually declined. Before today's cancellation announcement, the company's last social media post was nearly two months ago.

However, the studio is not completely dead. Current investors can hope for this next game, in case it is more successful. Currently, tensions remain high.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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