Axes Metaverse Is Shutting Down Servers

The developers of Axes Metaverse have officially announced that they will shut down their game servers on May 25th at 4pm UTC and that they will remain closed until market conditions improve, but the marketplace itself will continue to operate.

The team behind Axes Metaverse, a Play-to-Earn metaverse on the BNB chain, has announced that game servers for Web3 titles will officially shut down this Thursday, May 25th at 4pm UTC.

This was revealed earlier this week in our Q2 Update post, where we acknowledged that we had been inactive for the past two months. In the letter, they claim their initial strategy was to turn a traditional gamer into his Web3 gamer, but in the end the plan didn’t work out. It also said that they are in negotiations with various launch pads, but that these negotiations have “taken longer than expected.” The game’s current low player base and conversion rate to Web3 games, coupled with the bear market that led to a decline in interest in GameFi, proved unprofitable and unsustainable for studios, so developers were more likely to We have decided to close for the time being until good market conditions arrive.

The server will remain closed until further notice, but this does not mean that the project is completely gone forever. According to the announcement, there are plans to make some updates “based on feedback from the community” while preparing the game for the core token launch, with the team “mainly focused on traditional Web3. That’s it,” he said. Gamer successfully experiences and launches his traditional Web3 product.”

Regardless of the game’s closure, the marketplace will continue to function as normal, so you can trade the game’s NFTs if you wish.

The Axes Metaverse was officially released last November with isometric PvP gameplay in the form of the project’s first game mode, Axes: Battleground. For more information on the Q2 update, see the disappointing news linked in the tweet below.