Dimensionals NFT Project Shifts Away from Web3, Citing Bear Market as Cause
The NFT project, led by Mino Games, is facing backlash from the community following its controversial exit from the blockchain space.
After raising $15 million in 2023 to develop a blockchain-based game, Mino Games CEO, Sasha MacKinnon, has announced that the company’s NFT game, Dimensionals, is now transitioning to a purely Web2 title.
This change leaves Dimensionals as a traditional game on the Steam platform, with all NFT integration abandoned, leading to what the company refers to as a “significant financial loss.”
The CEO mentioned that they are using the revenue generated to repurchase their ‘Stones’ NFTs and distribute ETH to holder wallets.
MacKinnon pointed out various challenges, including DDoS and bot attacks on their giveaway campaigns, as well as Opensea and Blur’s decision to remove royalties from their platforms. Security issues also arose as community members fell victim to scams. Following the second mint for its Eves collection, MacKinnon claimed that “the NFT community as a whole began selling off across all projects.”
Controversial Exit
In an interview with GamesBeat, MacKinnon stated, “I think what we’re going to see over two to three years is this burgeoning community will start to rapidly grow.”
Despite describing Web3 gaming as a “once-in-a-decade” opportunity, the Dimensionals Twitter page has removed all references to NFTs, web3, blockchain, crypto, and mint just eighteen months after fundraising.
Source link
#Dimensionals #NFT #Project #Abandons #Web3 #Blames #Bear #Market
