Kickstarter Game Goes Bust On Crypto, Can't Refund Backers

Kickstarter Game Goes Bust On Crypto, Can't Refund Backers ...

Untamed IslesPokemon, a video game developed on Kickstarter in 2021, is almost gone, and the game has failed to refund its backers.

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The developers have stated that we need to put Untamed Isles' development on hold, which appears to be temporary until you read the rest of what they have to say:

There have been a slew of factors that have influenced the build-up to this very moment, but what this all ties down to is that we are unable to financially keep up with the demands of what we are attempting to accomplish.

Untamed Isles is a hugely ambitious project that combines open-world and monster-catching MMORPG gameplay. We spent over two years putting together the game we all wanted to build, and we are still unsure about the future market. We have run out of funds and we will not be able to continue developing until this point.

When people say the economic landscape has dramatically altered, they mean the ass has departed from the crypto market, which we gambled your money on:

We leaned heavily into the cryptocurrency market because to the positive interest. When the market crashed, we ended up heavily exposed with too little time left. But crypto funds have become, and remain, critical in getting us to the release. Unlike many of the projects that have failed in the storm, we actually have a great game design that may stand on its own two feet.

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And that ass has sunk so far out that the developers would write about it in a separate post. Due to our cash reserves being empty, we are not in a position to refund our initial backers. We are heartbroken about this and wish this scenario had gone differently.

Although this may be the part of the story where I feel everyone who backed this game got exactly what they deserved, the truth is that the Untamed Isles crypto elements were optional, and it's clear from backer feedback underneath the Kickstarter hiatus announcement that a lot of people were only interested in the game itself rather than its speculative elements:

The separation from Untamed Isles is somewhat strange, considering that the team was only two weeks ago confirming a launch date of October 6, 2022, and that one of the team's main promises at the time of the Kickstarter campaign was that We are fortunate to have funding that allows us to continue to develop our core functionality and gameplay.