Business News Report
October 10, 2023

Npixel’s Web3 Gaming Project Metapixel Suspended Indefinitely

In Brief

Korean unicorn game developer Npixel’s web3 gaming project, Metapixel, has been indefinitely suspended due to unspecified reasons.

Npixel's Web3 Gaming Project Metapixel Suspended Indefinitely

The anticipated Metapixel project, a web3 gaming ecosystem built on the Aptos blockchain and developed by Korean gaming giant Npixel, has been indefinitely suspended. The decision has sent shockwaves through the gaming community, leaving members and supporters in a state of disbelief.

The Metapixel team informed the community about the project’s suspension on Discord, citing “various circumstances” as the cause. This unexpected development means that all current members will no longer participate in the project, marking the end of an era for what was poised to be a groundbreaking web3 gaming venture.

Metapixel aimed to revolutionize gaming by combining blockchain technology with high-quality gaming experiences, including “Gran Saga: Unlimited,” a highly anticipated web3 game. Npixel, a Korean unicorn game development company known for creating the popular Gran Saga IP, was the driving force behind Metapixel.

As the Web3 gaming world processes this unexpected turn of events, questions linger about the future of web3 gaming and the fate of projects like Metapixel that had promised to redefine the industry.

Web3 Momentum Wanes Amid Project Closures and Uncertainty

This year has witnessed the closure of numerous web3 and metaverse projects. Just last week, Versum, an NFT marketplace built on the Tezos blockchain, announced closure. In addition, Disney reportedly decided to shutter its metaverse division in a cost-cutting move, while Meta has canceled several metaverse projects, including Echo VR and Crayta. Furthermore, Meta has also put a halt to its plans for launching NFTs on Instagram and Facebook.

While some enthusiasts still believe that web3 and metaverse will revolutionize the internet and society, others are more skeptical about the immersive tech’s viability and value. The challenges of scalability, interoperability, regulation, and user adoption are still unresolved and may limit the potential of web3 and metaverse in the near future.
Therefore, we are possibly witnessing the end of the metaverse hype or at least a significant slowdown in its development.

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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