Chain game Genome reveals it faces closure due to market changes; the team is seeking possibilities for continued operation.

ZkProver · 2026-03-11T03:16:42+00:00

The blockchain game platform Genome announced it may shut down the project due to changes in market sentiment and external conditions. The team has raised approximately $600,000 and invested nearly $1 million, completing the development of several core products. However, due to changes in the X API, the project has become difficult to sustain and is currently evaluating future possibilities.

ZkProver

2026-03-11 03:16:42

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ChainCatcher News: The blockchain gaming platform Genome announced that due to changing market sentiment, the decline of the InfoFi sector, and external conditions, the project is facing closure. The team is currently assessing whether it can continue.

The announcement disclosed that over the past 8-10 months, Genome raised approximately $600,000 through NFT sales and public fundraising, with core team members personally investing about $500,000. Some members chose to delay salary payments in exchange for token allocations, bringing total investments to around $950,000 to $1,000,000.

During this period, the team completed the development of several core products and infrastructure, including the Splice platform. However, due to changes in the X API, the project could not continue. The announcement detailed the team composition and monthly costs, covering roles in frontend, backend, smart contracts, machine learning, as well as product, operations, and design functions.

Operational costs include cloud infrastructure, development tools, third-party APIs, and more. The initial funds were stored in exchange wallets and later used for development, infrastructure, and operational expenses. The team is exploring potential financing, acquisitions, or partnerships, but no definitive results have been reached yet. The project has not issued tokens.

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