🎮 Moonveil Shuts Down After 4-Year Web3 Gaming Journey
After four years of building web3 gaming infrastructure, Moonveil announced it will wind down operations over the coming weeks.
**What happened:**
- The team cited dramatic shifts in GameFi and broader gaming markets over the past two years
- Market attention and capital moved away from gaming, making conditions difficult for startup studios
- Despite fundraising efforts, partnerships, and product iterations, the project could not find a sustainable path forward
**What they built:**
- Multiple games including AstrArk, Puffy series, with Bushwhack planned
- Layer 2 chain testnet launched in February 2025
- Over 31,000 nodes sold to 4,137 operators
- 2.03 million unique active wallets since January 2025
- Completed token generation event (TGE) in June 2025
The team acknowledged the support from players, node holders, investors, and community members throughout the journey. Project operations, services, and community activities will gradually cease. Infrastructure services and social channels may be discontinued.
For inquiries during the transition: contact@moonveil.studio