Proof of Play Shuts Down, Decentralized Gaming Thesis Falls Short

Proof of Play, an a16z-backed blockchain game developer, announced it will cease operations after failing to build a sustainable business around its decentralized gaming thesis. The studio said it couldn't develop a product that proved blockchain-based games could help usher in a decentralized internet at scale.

The Pirate Nation Foundation, an independent entity, will continue supporting the PIRATE token and keep its website operational. However, Proof of Play points will not be redeemable for anything.

Proof of Play made much of its code and artwork available under open-source licenses, including the Pirate Nation game, smart contracts, and internal software-development tools. The studio also released the Shiba Story Go! game to an unidentified third party, which will continue operating independently.