Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

13/07/2026

BTC ETFs Posted Three Straight Inflows for the First Time Since May

13/07/2026

Ethereum Foundation Disbands Protocol Support Team in Latest Restructuring

13/07/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    BTC ETFs Posted Three Straight Inflows for the First Time Since May

    13/07/2026

    Strategy CEO Defends Corporate Pivot With 10% Bitcoin Holdings Boost

    13/07/2026

    Stablecoin Supply Is Falling And Bitcoin May Be Paying The Price

    13/07/2026

    Bitcoin slides as Iran ceasefire collapse sees $75 oil on Hormuz blockade threats

    13/07/2026

    Ethereum Foundation Disbands Protocol Support Team in Latest Restructuring

    13/07/2026

    Bitmine Suspected of Acquiring Additional $35.9 Million in Ethereum

    13/07/2026

    Ethereum approaches $1,800 as bulls test key resistance

    13/07/2026

    Liquid staking survived with minimal outflows in Q2

    13/07/2026

    Secret Network SCRT Migration to Arbitrum Triggers 25% Price Drop

    13/07/2026

    What Does XRP’s Relationship With Banks Actually Look Like?

    13/07/2026

    16.79% Rally as Volume Explodes 202% to $117M

    13/07/2026

    Pump Fun is unlocking $127M insider tokens worth double PUMP’s recent daily volume

    13/07/2026

    Welcomed by Robinhood Chain — And Why It’s Not Just Hype

    11/07/2026

    BIG3 NFT Buyers Sue Ice Cube’s Basketball League Over Alleged Unfulfilled Promises

    08/07/2026

    Cristiano Ronaldo Retirement Puts Billion-Dollar NFT Market to the Test

    06/07/2026

    Bonk-Owned NFT Marketplace Exchange Art to Shut Down on August 1

    04/07/2026

    Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

    13/07/2026

    BTC ETFs Posted Three Straight Inflows for the First Time Since May

    13/07/2026

    Ethereum Foundation Disbands Protocol Support Team in Latest Restructuring

    13/07/2026

    Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

    13/07/2026
  • Blockchain

    What are cross-chain bridges? Why they keep getting hacked

    12/07/2026

    The Sam Altman Orb Scans Hit Oxford Street

    12/07/2026

    Solana’s $8.7B RWA surge shows tokenized assets are finally starting to move

    11/07/2026

    Ethereum is losing ownership of crypto payments as Base moves $565B in stablecoins

    11/07/2026

    Mantle Accelerates Tokenized Equities Push with Bending Spoons Listing

    11/07/2026
  • DeFi

    DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise

    11/07/2026

    Abraxas Capital Deposits $140M in Crypto Into DeFi Lending Protocol Spark

    11/07/2026

    Massive $491M USDT Transfer to Aave Sparks DeFi Liquidity Speculation

    11/07/2026

    Here’s why Uniswap is betting on execution over higher LP incentives

    11/07/2026

    Aave Shares Major Whale Deposit — Implications for DeFi Investors

    11/07/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

    13/07/2026

    Former Tether CIO seeks to sell stake in stablecoin issuer, Bloomberg reports

    13/07/2026

    Circle Climbs 7% After $64 Open, but OUSD Keeps Pressure on Its Yield Strategy

    13/07/2026

    Bitcoin’s recent macro relief faces a challenge from Japanese interest rates

    13/07/2026

    AVAX One starts CEO search as Avalanche treasury plan faces pressure

    13/07/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    XRP Exchange Net Wallet Flows Flip Negative for First Time in a Year

    13/07/2026

    DZ Bank brings crypto trading to millions through German banks

    13/07/2026

    HYPE Price Jumps 7% as Africa’s Largest Crypto Exchange Integrates Hyperliquid

    13/07/2026

    Kalshi hits record June trading volume as World Cup fuels prediction markets

    13/07/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Yield Guild Games Sunsets YGG Play Publishing Unit, Cuts 35 Jobs

    06/07/2026

    GO1 and Xiaohai Set up Potential Rematch at EWC 2026 Fatal Fury Bracket in Paris

    06/07/2026

    Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

    21/06/2026

    GMATRIXS and Plum Protocol Partner to Blend GameFi with Meme Assets, Driving Multi-Chain Web3 User Experience

    16/06/2026

    Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

    13/07/2026

    Bitdeer Invests $36M in Nevada Mining Rig Factory to Boost SEALMINER Production

    12/07/2026

    American Bitcoin Q2 Results Due August 3 as Investors Watch Mining Margins

    12/07/2026

    Bitdeer Sells All 227.5 BTC Mined Last Week, Holdings Drop to Zero

    11/07/2026

    Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.

    13/07/2026

    Clarity and Congress’s summer break: State of Crypto

    13/07/2026

    $22B Kalshi Faces EU Prediction Market Regulations Under Binary Options Ban

    13/07/2026

    Kenyan Treasury Pushes 30% Reserve Requirement as Stablecoin Firms Warn of Higher Costs

    13/07/2026

    Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

    13/07/2026

    BTC ETFs Posted Three Straight Inflows for the First Time Since May

    13/07/2026

    Ethereum Foundation Disbands Protocol Support Team in Latest Restructuring

    13/07/2026

    Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

    13/07/2026
  • MarketCap
NBTC News
Home»GameFi»‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows
GameFi

‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

NBTCBy NBTC19/08/2025No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Ethereum role-playing game Pirate Nation is shutting down its “fully on-chain” operations, with the “best parts of the game” being broken down into smaller chunks to be played on an arcade app on the Abstract network instead.

In a statement on X, Pirate Nation developer Proof of Play cited a lack of players as the primary reason for closing down the game. The studio explained that it simply wasn’t financially viable to continue to invest in and operate the game without significant interest. 

“Shutting down Pirate Nation was one of the most difficult decisions I’ve ever been part of,” Adam Fern, co-founder and product lead of game studio Proof of Play, wrote on X. “I love Pirate Nation and I spent nearly seven days a week for the past three-plus years on it, but the truth is it wasn’t ever going to be a breakout, mass market success.”

It’s important to note that while Pirate Nation is shutting down, Proof of Play will continue building infrastructure and its broader ecosystem—which includes the aforementioned Abstract-based arcade. As such, during the final two-week Pirate Nation event, players will be able to burn their items in exchange for Plunder Certificates, which will unlock future rewards.

Pirate Nation: The Next Chapter

It’s been an extraordinarily busy time here at Proof of Play. For the last few years we’ve shipped hundreds of weekly updates and proved our tech in Pirate Nation. Our team has grown and evolved, added an entirely new line of business with vRNG…

— Pirate Nation (@PirateNation) August 18, 2025

“We started Proof of Play to explore what fully on-chain games could look like—games with permanence, community ownership, and new types of player experiences. Pirate Nation was our first big step in that direction, and we poured years of work into it,” Proof of Play CEO Amitt Mahajan wrote on X.  “While the business reasons for moving on may be sound, it doesn’t make the loss any easier for those who played, contributed, and believed in the project.”

Proof of Play had the bold vision to run Pirate Nation entirely via a stack of smart contracts, which contain the code to autonomously power the experience.

As such, it first struggled as the studio was forced to pay up to $4,000 a day to subsidize players’ gas fees on Ethereum scaling network Polygon. It then migrated to Ethereum layer-2 network Arbitrum, as it launched two chains to handle the game’s transaction load.

Mahajan then predicted a future of thousands of dedicated blockchains that each support individual applications. However, it appears that operating more than one blockchain was more costly than expected given the size of Pirate Nation’s player base.

“The reality is that running two chains no longer makes sense from a dollars-and-cents business perspective,” the post read. “The demand for the fully on-chain version of Pirate Nation simply isn’t there to sustain operation indefinitely—as such, the best parts of the game will live on via the Proof of Play Arcade on Abstract. The arcade format allows us to bring over different parts of the game over time, and even to other chains in the future.”

Proof of Play Arcade on Abstract requires the purchase of credits, and has thus far attracted fewer than 10,000 total buyers, according to Dune data.

Some Pirate Nation players are upset by what they perceive as a false promise of a game that will never shut down. After raising $33 million in 2023, Mahajan told Decrypt that he was inspired to use the blockchain to design and deploy “forever games,” after Zynga pulled FarmVille—a game he helped build—offline. The Proof of Play site also highlights the importance of “serverless on-chain applications [that] cannot be censored or shut down.”

Despite this, Pirate Nation was apparently still reliant on Proof of Play, and is currently in the process of being shut down. Proof of Play did not immediately respond to Decrypt’s request for comment on this matter.

Unfortunately, Pirate Nation’s demise isn’t anything new for the industry, but simply the most recent example of a troubling trend of crypto games closing up shop. This year alone, major projects like Deadrop, Ember Sword, Nyan Heroes, and The Walking Dead: Empires have gone offline despite substantial past hype and player investment in tokenized assets.

While the exact reasons for games crashing out have varied, it usually boils down to a lack of funds to continue development. Gaming tokens have also broadly lost considerable value over the last year, with none currently remaining in the top 100 cryptocurrencies by market cap, according to CoinGecko. Given all of that, crypto gaming vibes are in a rough place.

“It’s pretty clear Web3 gaming sentiment is at a bottom, a lot of experiments have failed, and venture capital money from last cycle has largely run out,” crypto gaming content creator Luke Franks told Decrypt. “Building games—famously also in the traditional world—is hard.”

“But this is where you start to see some interesting new developments—the rise of small indie teams, vibe coding games with no budget, AI-driven mechanics that were never possible before,” he added, striking a more optimistic tone. “It’s a long way back up, but it starts here.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Yield Guild Games Sunsets YGG Play Publishing Unit, Cuts 35 Jobs

06/07/2026

GO1 and Xiaohai Set up Potential Rematch at EWC 2026 Fatal Fury Bracket in Paris

06/07/2026

Nexus Acquires Homegrown App Marketplace One Store, Expanding into Global Web3 Game Hub

21/06/2026

GMATRIXS and Plum Protocol Partner to Blend GameFi with Meme Assets, Driving Multi-Chain Web3 User Experience

16/06/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

13/07/2026

BTC ETFs Posted Three Straight Inflows for the First Time Since May

13/07/2026

Ethereum Foundation Disbands Protocol Support Team in Latest Restructuring

13/07/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.