companiesProof of PlayWed, Aug 5, 2026, 9:10 AMNegative

Proof of Play to Shut Down After Blockchain Gaming Thesis Falls Short

Proof of Play, a studio backed by a16z, will cease operations after its blockchain gaming thesis did not meet expectations. The studio plans to open-source its Pirate Nation assets, while an independent foundation will continue to support the PIRATE token. Despite the backing, the company failed to scale its Web3 gaming model.

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