Pudgy Penguins shuts down Pudgy Party NFT game after losing millions in less than ten months

Pudgy Penguins announced the shutdown of its Pudgy Party NFT game less than ten months post-launch, citing a rapid decline in player interest and significant financial losses. Despite initial excitement, the mobile battle royale game struggled to maintain an active user base, with only 200-300 players remaining shortly after launch. CEO Lucas Netz noted the challenges of integrating crypto while acknowledging the project's failure.