Crypto Sends Untamed Isles Into Hiatus

A post on Steam announces development of Untamed Isles is now in "hiatus." The game was officially announced just a month ago as a monster collecting game with a "unique" limb-swapping feature. It turns out the game also "leaned into the crypto market" which has left it broke. Undeterred the developers at Phat Loot are "confident" the project will resume once "the crypto situation is resolved." As noted on Kotaku, purchases of pre-order packs are being refunded, but Kickstarter backers are out of luck: "Due to our cash reserves being empty, we are not in a position to refund our initial backers. We are truly sorry about this and wish this scenario was different." Here's the news:
Untamed Isles is a very ambitious title being an open-world monster-catching MMORPG. To work on this project we brought more than 70 staff members on board and we were working relentlessly for more than 2 years to build the game we all were dreaming about. The truth is that the cost of development is high and there were lots of bumps on our way to this moment. Since we started the journey in 2020, the economic landscape has changed dramatically both generally and specifically for cryptocurrency, and we are not confident in the current market. We ran out of financial resources and we can’t carry on the development at this moment.

We leaned into the crypto market and expanded rapidly off the back of the positive interest. When the crash came, we ended up heavily exposed with too short of a runway. The game remains game-first, crypto-second in design, but crypto funds have become, and remain, essential in getting us to the release. Unlike many of the projects that have foundered in the storm, we actually have a great game design that could stand on its own two feet. But until the crypto situation is resolved - and we're confident it will be at some stage - then we have to hibernate development on this project.
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11.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 20, 2022, 06:02
11.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 20, 2022, 06:02
Aug 20, 2022, 06:02
 
Krazy Kat wrote on Aug 19, 2022, 19:45:
jdreyer wrote on Aug 19, 2022, 15:34:
Kxmode wrote on Aug 19, 2022, 13:59:
Why is this trash on Steam?
Crypto is hipto, baby!

I wonder what GabeN thinks of crypto.

Steam already has their own marketplace. They pretty much have their own NFT's.
Want to buy my digital trading card, hat, and gun tag for TF2?
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10.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 19:45
10.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 19:45
Aug 19, 2022, 19:45
 
jdreyer wrote on Aug 19, 2022, 15:34:
Kxmode wrote on Aug 19, 2022, 13:59:
Why is this trash on Steam?
Crypto is hipto, baby!

I wonder what GabeN thinks of crypto.

Steam already has their own marketplace. They pretty much have their own NFT's.
9.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 16:41
Kxmode
 
9.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 16:41
Aug 19, 2022, 16:41
 Kxmode
 
jdreyer wrote on Aug 19, 2022, 15:34:
Kxmode wrote on Aug 19, 2022, 13:59:
Why is this trash on Steam?
Crypto is hipto, baby!

I wonder what GabeN thinks of crypto.
NFT/BC, an extension of crypto-currency, was outright banned on Steam. That sends a pretty clear message of what GabeN thinks of it. Conversely, Tim Sweeney reversed course and said they would allow NFT/BC games on EGS almost immediately after Valve's banning announcement. #StickItToTheManWhileWeOfferFraudProductsToOurCustomers Thumbsup
"I used to fence at Bel-Air Academy." "Oh, really? How much do you think we could get for that stereo?"
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8.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 16:40
Kxmode
 
8.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 16:40
Aug 19, 2022, 16:40
 Kxmode
 
MoreLuckThanSkill wrote on Aug 19, 2022, 16:09:
I'm tempted to laugh at these scamming assholes, but unfortunately there are apparently a LOT of these crypto currency games out there, either already released or in the works. Some work associates of mine are 'playing' some tablet based crypto-mining game... have been for months. Initially I thought it was relatively harmless; play to possibly earn X_Cryptocurrency per hour or whatever, but no, they all had to buy in, some of them for multiple thousands of dollars, into the cryptocurrency, before playing the game. I felt sick to my stomach learning that. There are sure to be many more such games released, even with the crypto crash.

Oh, for the good old days, when cosmetic horse armor had the gaming world up in arms.
There will be charlatan crypto-bros if an interest in crypto/NFT/BC games exists. But this form of gaming will never elevate to mainstream gaming. Any big publisher (especially the publicly traded ones) who get into it is dooming their company to financial ruin and potential lawsuits.
"I used to fence at Bel-Air Academy." "Oh, really? How much do you think we could get for that stereo?"
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7.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 16:09
7.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 16:09
Aug 19, 2022, 16:09
 
I'm tempted to laugh at these scamming assholes, but unfortunately there are apparently a LOT of these crypto currency games out there, either already released or in the works. Some work associates of mine are 'playing' some tablet based crypto-mining game... have been for months. Initially I thought it was relatively harmless; play to possibly earn X_Cryptocurrency per hour or whatever, but no, they all had to buy in, some of them for multiple thousands of dollars, into the cryptocurrency, before playing the game. I felt sick to my stomach learning that. There are sure to be many more such games released, even with the crypto crash.

Oh, for the good old days, when cosmetic horse armor had the gaming world up in arms.
Avatar 54863
6.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 15:34
6.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 15:34
Aug 19, 2022, 15:34
 
Kxmode wrote on Aug 19, 2022, 13:59:
Why is this trash on Steam?
Crypto is hipto, baby!

I wonder what GabeN thinks of crypto.
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
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5.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 15:32
5.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 15:32
Aug 19, 2022, 15:32
 
eRe4s3r wrote on Aug 19, 2022, 13:12:
They used KS funds to gamble in crypto.. . wowzers ,)
Obligatory: https://web3isgoinggreat.com/
That site is awesome.
If Russia stops fighting, the war ends. If Ukraine stops fighting, Ukraine ends. Slava Ukraini!
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4.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 15:00
4.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 15:00
Aug 19, 2022, 15:00
 
Hahahahahahahahahahaha!

<deep breath>

Hahahahahahahahahahaha!

Die cryptotrash!

"Just take a look around you, what do you see? Pain, suffering, and misery." -Black Sabbath, Killing Yourself to Live.

“Man was born free, and he is everywhere in chains” -Jean-Jacques Rousseau
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3.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 13:59
Kxmode
 
3.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 13:59
Aug 19, 2022, 13:59
 Kxmode
 
Why is this trash on Steam?
"I used to fence at Bel-Air Academy." "Oh, really? How much do you think we could get for that stereo?"
Avatar 18786
2.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 13:28
2.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 13:28
Aug 19, 2022, 13:28
 
I see this happening more and more in the future.
1.
 
Re: Crypto Sends Untamed Isles Into Hiatus
Aug 19, 2022, 13:12
1.
Re: Crypto Sends Untamed Isles Into Hiatus Aug 19, 2022, 13:12
Aug 19, 2022, 13:12
 
They used KS funds to gamble in crypto.. . wowzers ,)
Obligatory: https://web3isgoinggreat.com/
Avatar 54727
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