'Neopets' Cancels NFT Game After Raising Money From Polygon, Avalanche

Neopets, the popular virtual pet simulator web game from 1999, has decided to cancel its Neopets Metaverse project, which was focused on NFT gaming. The decision to pivot away from NFTs and transition towards a non-crypto mobile game called World of Neopets was announced by the Neopets Team (TNT) in a blog post.

The Neopets Metaverse game was in its alpha stage of development and had already sold over 9,000 Solana NFTs across various collections. The project had received significant funding, including $4 million from crypto firms such as Polygon Ventures and Avalanche's ecosystem fund.

According to the Neopets Team, the decision to shift away from the Neopets Metaverse game was made after a thorough examination of the franchise. The team believes that the resources would be better utilized in developing a game that aligns more closely with the community's desires and the company's values and vision.

The blog post also mentioned that Neopets is now under a new leadership team, although it is unclear whether Dominic Law, the CEO of Neopets Meta, played a role in the decision to move away from NFTs. Law's LinkedIn profile still lists him as being part of Neopets, with his title changing from "Chief Metaverse Officer" to CEO.

While the exact reasons behind the cancellation of the Neopets Metaverse project are not fully explained, the company's decision to pivot towards a non-crypto mobile game suggests a shift in direction and priorities for the iconic Neopets brand.

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