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STEPN doesn’t have a vivid future any extra. Its dad or mum firm Discover Satoshi Lab is able to say goodbye to the huge variety of employees that have been engaged on the product and to modify its focus to different initiatives.
The one and solely supply of the story is a well-liked trade channel Wu Blockchain that’s hosted by Hong Kong crypto reporter Colin Ray. There’s nonetheless no official affirmation or any response from the developer in any respect (however we made a request and are ready for the reply). So for now it may be positioned as a rumor.
Colin’s tweets didn’t embrace many particulars. Moreover the plans to put off 100 folks, he talked about decreasing funding within the recreation, improvement progress delays, and specializing in different initiatives of Discover Satoshi Lab corresponding to NFT change market.
The well-known blockchain recreation STEPN started to put off employees within the bear market. It should primarily lay off greater than 100 MODs, ambassadors, and so forth., and can scale back funding in STEPN, and a few improvement progress has been delayed. In accordance with neighborhood sources.
— Wu Blockchain (@WuBlockchain) October 12, 2022
Any purpose to imagine?
Appears, sure (regardless that Colin didn’t say a lot about his personal supply that he simply known as neighborhood).
Info leaked solely a day after the corporate made a statement for the STEPN community. In а fuzzy fashion, it introduced some adjustments. “We might be shifting gears,” the open letter reads, including that the corporate goes “via the transitional interval”.
This flip appears a bit of surprising provided that you haven’t checked analytics for the previous three to 4 months.
Sure, STEPN was the golden little one of NFT gaming again in spring. The developer had everybody hanging on its lips. In simply three months ending June 30, the sport generated around $122 million in earnings for the dad or mum firm.
It’s humorous, however Discover Satoshi Lab then mentioned it needed to extend its workforce by including to the staff “tech improvement & engineering, advertising, public relations, enterprise improvement, distribution and authorized” professionals.
However right this moment, within the bear market, STEPN is shedding not solely cash, but in addition its viewers. In accordance with DUNE analytics, the sport had round 100,000 MAU in September. As compared, the sport had 705,000 lively customers in Could.
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