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The ongoing collapse of the crypto gaming industry claimed another victim this week, with blockchain startup Proof of Play announcing its demise roughly one year after shutting down its flagship game, Pirate Nation.
Founded by FarmVille co-creator Amitt Mahajan, Proof of Play was one of the many companies that attempted to pair familiar, casual gameplay with crypto token incentives and player-owned assets in the form of NFTs–a premise that most gamers never warmed up to.
“When we started out, we believed games using blockchain tech had the potential to usher in a new, decentralized internet,” the team wrote Tuesday on X. “Ultimately, we couldn’t build a product and sustainable business that proved out this thesis at scale.”
Launched in 2022, the browser-based Pirate Nation featured card-driven ship battles and island base-building mechanics, with crypto features layered on top. While Pirate Nation saw initial interest from players, demand faded as the crypto gaming trend lost steam and broader token and NFT prices cratered.
Last August, Proof of Play–which raised $33 million in venture funding–said it would shut down the full Pirate Nation game and instead roll out smaller minigame experiences. The game’s demise also poked a hole in the studio’s claims
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