Untamed Isles, the Pokemon-styled MMO by Phat Loot Studios based in New Zealand, came to a screeching halt in production yesterday after the devs basically gambled away Kickstarter funds on cryptocurrency. The project will be on "hiatus" since they've dried out resources, so much so that they can't even refund backers who believed in the gameplay and didn't care for the crypto elements.
The bizarre part of this announcement is the game was going to come out on October 6, and that reveal date was told to backers literally two weeks ago. Between then and today, Phat Loot Studios must have been involved in some shady business to be so far in the hole.
So far that the studio can't refund its initial backers because their "cash reserves [are] empty." As you might expect, backers were very upset and disappointed in the studio. One user referenced the Kickstarter page saying, "under the 'risks' tab, you say you'll issue full refunds in case the game doesn't launch. Better pay up."
As for Phat Loot Studios' hiatus announcement on Steam, they started their sad sob story about how ambitious Untamed Isles was and development costs, explaining the "economic landscape has changed dramatically" for cryptocurrency and was their primary source of income.
They claim Untamed Isles remains "game-first, crypto-second in design" and has "great game design that could stand on its own two feet," but chose to gamble away backer funds after getting a taste of "positive interest" from the crypto market. For however long, the devs will "have to hibernate development" on Untamed Isles, screwing over those who had an interest in the project and funded its development.
Tired of seeing shady companies get into cryptocurrency? Let us know below.
About the Author
Anthony Jones is a gaming journalist and late 90s kid in love with retro games and the evolution of modern gaming. He started at Mega Visions as a news reporter covering the latest announcements, rumors, and fan-made projects. FFXIV has his heart in the MMORPGs scene, but he's always excited to analyze and lose hours to ambitious and ambiguous MMOs that gamers follow.More Stories by Anthony Jones
Console players can get in on the action in just five days.By QuintLyn Bowers - 1 year ago
You May Enjoy
The blending of genres works better than you probably think.By Michael Byrne - 1 week ago
I'm beginning to think that we may not find Maria Flores...at least all in one piece.By Michael Byrne - 1 week ago
💣 Feature |
Top 10 Most Beautiful Open Worlds in MMORPGs
Sometimes, it's just awesome to take in the views in some MMORPGs.By Troy Blackburn - 1 week ago
CCP Games Now Accepting Playtest Applications For Blockchain "Project Awakening" And AI Guides An EVE Player Group
This is the project based on blockchain tech set in the Eve Universe.By QuintLyn Bowers - 1 day ago
Trove "Punches And Potions" Update Adds 2 New Tradeskills And Finally Gives You Better Effects Visibility
You should have an easier time actually seeing what effects are on your character...and even be able to remove some.By Michael Byrne - 6 days ago
Progressing should be easier for players going forward.By QuintLyn Bowers - 6 days ago