What happened to the Pokemon-like Chainmonsters NFT Game?

Chainmonsters, an Open World RPG(Role-Playing-Game) NFT game that captivated fans of Pokemon-like games with its unique collectible creatures, exploration, and trading mechanics, has experienced a sudden halt in development. 

While leaving fans devastated, this article will explore the reasons behind the pause and derive the lessons future NFT games can learn from the events.

Chainmonster’s Challenges

In April 2023, Chainmonsters made an official announcement on Twitter regarding the pause in its development. The CEO and Founder, Maximillian Weber, shared a heartfelt message on their website, revealing the financial challenges the game had encountered as the major cause.

Despite the project’s initial success of its 2021 Genesis sale, the company would find difficulty in its financial long-term security by securing major funding from VC-backed investors. This has led to downsizing of personnel within the company.

Chainmonster’s Final Hope

To address the financial concerns, a land sale was organized in March 2023. However, the anticipated relief did not materialize as expected, further exacerbating the challenges faced by the project. The land sale was the company’s final hope to get back on its feet, so from then on, things were becoming increasingly difficult.

Despite the setbacks, Weber emphasized that the pause in development should be viewed as a temporary break rather than a complete abandonment of the project. The primary objective is to regroup and secure a substantial VC-backed funding round to revive the game. During this pause, all NFTs associated with Chainmonsters will be backed up, ensuring that players' investments are preserved for the future.

Lessons for Future NFT Game Projects

Chainmonsters' journey serves as a reminder that not every aspiring play-to-earn game will achieve success within the fast-paced crypto market. Future NFT projects can learn several valuable lessons from this experience, such as the importance of securing adequate funding, managing financial challenges, and setting realistic expectations in a competitive landscape.

It’s important to realize that this industry is relatively new compared to others, thus a lot of hit-or miss is going to occur. Nevertheless, Chainmonsters might come back from the grave, taking the depressing story unto an inspiring story of surmounting challenges in web3.

Final Thoughts

The temporary pause in Chainmonsters' development highlights the financial challenges that can hinder even the most promising NFT games. While the project faces uncertainties, the team remains committed to resuming development and securing the necessary funding to bring the game back to life. 

This serves as a valuable lesson for future NFT projects, investors, and gamers.