TechFlow News — Ascenders, an AAA action RPG game, recently announced on Discord that it will cease development, and its company will also shut down operations.
The announcement stated that the results of the Land NFT mint, carefully prepared by the team in May 2023, fell far short of expectations.
In addition, a community member identifying as niels, an angel investor in Ascenders, said that investor funds have been written off to zero and that he learned in July this year that the company was facing closure due to lack of remaining capital.
Previously, blockchain game Ascenders: Simulation announced it would launch its NFT mint on Arbitrum on May 18. Ascenders raised $6.4 million in funding on March 8, 2022, led by Paramount Capital, Three Arrows Capital, Sino Global Capital, and Merit Circle.
