NFT Game Loses $800K In Crypto And Debts- Goes Under
– Pixie Interactive, an independent game studio, has gone bankrupt after losing over $800,000 to cryptocurrency-related debts.
– The studio was in the midst of creating an NFT viking game.
– Management sought out further funding after they had scaled the team too fast. Potential investors fell through so the studio turned to crypto.
– Funds were invested into LUNA and Pixies founders started the failed project NFTVault to try and raise funds.
– The studio continued to struggle to find investors and was facing massive tax bills. This resulted in the bankruptcy.
