Pudgy Penguins Shuts Down Pudgy Party Despite 1M Downloads

Pudgy Penguins shut down its Web3 game, Pudgy Party, despite 1 million downloads, as the NFT market cap fell from $17 billion in 2022 to $1.5 billion. The closure, alongside Fishing Frenzy's shutdown on June 25, shows Web3 gaming's core issue is not user reach but retention and economic sustainability.

Detected & updated continuously · Source: Ruma

Track sentiment & mindshare for every token in this story.

Open Ruma