Genome, a blockchain game, has disclosed that it faces closure due to market changes, and the team is seeking possible ways to continue operating.

PANews reported on March 11 that the blockchain gaming protocol Genome announced it is facing closure due to changes in market sentiment, the decline of the InfoFi sector, and shifts in external conditions. The team is currently assessing whether it can continue. The announcement disclosed that over the past 8-10 months, Genome raised approximately $600,000 through NFT sales and public fundraising, while core team members personally invested approximately $500,000. Other members opted to delay receiving their salaries in exchange for token distribution, bringing the total investment to approximately $950,000-$1,000,000.

During this period, the team completed the development of several core products and infrastructure, including the Splice platform, but the project could not continue due to changes in the X API. The announcement details the team composition and monthly costs, covering engineering roles such as front-end, back-end, smart contracts, and machine learning, as well as functions such as product, operations, and design. Operating costs include cloud infrastructure, development tools, and third-party APIs. Funds raised were initially held in exchange wallets and later used for development, infrastructure, and operational expenses. The team stated that they are exploring the possibility of financing, acquisitions, or partnerships, but no definitive results have been achieved yet, and the project has not issued any tokens.