On-chain gaming protocol Genome faces operational difficulties; after core members personally invested $500,000, the project may face collapse.

WuSaidBlockchainW · 2026-03-11T02:15:18+00:00

On-chain gaming protocol Genome announces that due to market downturn and the decline of the InfoFi sector, it is evaluating whether to shut down the project. The project raised approximately $600,000, with the team investing $500,000. Development has been hindered, facing a funding bottleneck. Total expenses amount to about $950,000 to $1,000,000. The team is actively seeking financing or partnerships, but no viable path has been found yet.

WuSaidBlockchainW

2026-03-11 02:15:18

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On-Chain Gaming Protocol Genome Announces Evaluation of Closure Due to Market Downturn and Decline in InfoFi Sector

The project has raised approximately $600,000 through NFT sales and public funding over 8 to 10 months. Core team members have personally invested about $500,000 to sustain development. Genome emphasizes that the project has never issued tokens, planning to do so once the ecosystem matures. However, development on the Splice platform has been hindered by funding constraints and changes to the X API. Total expenses are estimated between $950,000 and $1,000,000, covering R&D costs for interdisciplinary teams working on frontend, backend, smart contracts, and machine learning. While the team is actively seeking funding, acquisitions, or partnerships, no viable options have been identified yet. If a decision to close is made, the community will be promptly informed.

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