ChronoForge to Shut Down Operations by December 30 Amid Funding Shortages

Blockchain gaming platform ends services after severe staff cuts and limited funding despite prior RIFT token sales exceeding $3 million since 2022.

Summary

ChronoForge will terminate all services by December 30, following months of reduced operations after an 80% workforce reduction. The blockchain gaming platform has faced funding shortages since July, despite securing over $3 million through RIFT token sales since 2022.

Terms & Concepts
  • Blockchain gaming: A type of gaming built on blockchain technology, allowing decentralized asset ownership and in-game economies.
  • RIFT token: A cryptocurrency issued by ChronoForge used within its gaming ecosystem for transactions and rewards.