In Brief:
- End of the Line: Singapore’s Wearemighty is closing its web3 projects, including the GOAT Gaming platform.
- Asset Conversion: Players have until February 16 to convert in-game assets into Gifts.Fun gems, which are valid until March 2.
- Refunds Offered: Refunds are available for Alpha Goat NFT buyers until February 16.
Closing Down Web3 Ventures
Singapore-based gaming studio Wearemighty has revealed that it will be shutting down all of its active web3 gaming initiatives. This decision affects their flagship platform, GOAT Gaming, and extends to related projects like Alpha Goats, Amy Bot, and the Telegram-based gacha rewards platform, Gifts.Fun.
Historical Context
Initially known as Mighty Bear Games, the company was first recognized for its late 2022 launch of “Mighty Action Heroes,” a battle royale game linked to its MightyNet genesis NFTs. These games initially ran on the Polygon blockchain before moving to the Treasure blockchain. By 2024, in an attempt to adapt to an evolving market, the company transformed “Mighty Action Heroes” into an asymmetrical rewards platform on Telegram, named GOAT Gaming. This period also saw the introduction of Waifu Clash and AI-driven Alpha Goat NFTs, which autonomously generated token rewards for owners. Despite these initiatives, dampened enthusiasm for gaming tokens made progress difficult, leading to the indefinite postponement and cancellation of the planned GG token launch, followed by a redirected focus towards their Gifts.Fun platform.
Deadlines for Conversion and Refunds
Important deadlines accompany the shutdown notice. Users involved with GOAT Gaming must convert any in-game assets into Gifts.Fun gems by February 16. These gems can be utilized until March 2. Additionally, there is a refund procedure in place for those who purchased Alpha Goat NFTs, which also runs until February 16.
Uncertainty Ahead
The future direction of Wearemighty remains unclear following these closures. It is uncertain whether the studio will cease operations entirely or perhaps pivot away from blockchain-based gaming towards AI-focused ventures. This cessation marks a notable point in the evolving web3 gaming domain and underscores the unpredictable challenges faced by companies in this sector. Users affected by the closure will need to act swiftly to manage their assets and secure refunds as per the stipulated deadlines.