Crypto game studio Uncharted to shutdown along with Fishing Frenzy

cryptonews06-15

Fishing Frenzy has distributed $62,845 in USDC to community members and refunded another $7,021 in player purchases as its developer, Uncharted, moves ahead with plans to shut down the Web3 game later...

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The team said eligible purchases made after the launch of Chapter 3 on May 14 were also refunded automatically, excluding spending related to diving activities.Today we are sad to announce that Uncharted and Fishing Frenzy will shutdown and cease operations.Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRCA":"Proshares Ultra CRCL","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","LU0106831901.USD":"贝莱德世界金融基金A2","BK4023":"应用软件","CRCL":"Circle Internet Corp.","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","CCUP":"T-REX 2x Long CRCL Daily Target ETF","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1861217088.USD":"贝莱德金融科技A2","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","ICRC":"Bitwise CRCL Option Income Strategy ETF","CRCG":"2倍做多CRCL ETF-Leverage Shares","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC"},"translate_title":"加密货币游戏工作室《神秘海域》将随着钓鱼狂潮而关闭","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/60d59b57434b6ab48b9a906ff8ab736f","symbols_score_info":{"CCUP":0.6,"CRCL":0.74,"CRCA":0.6,"CRCG":0.6,"CRCO":0.6,"CRCD":0.6,"ICRC":0.6},"content_text":"Fishing Frenzy has distributed $62,845 in USDC to community members and refunded another $7,021 in player purchases as its developer, Uncharted, moves ahead with plans to shut down the Web3 game later this month.\n\n\nSummary\n\n\n\nFishing Frenzy has distributed $62,845 in USDC to players and stakers based on Karma scores ahead of its June 25 shutdown.\nUncharted has refunded $7,021 in eligible in game purchases as part of its wind down process.\nThe studio said it is closing after failing to find a sustainable business model for its crypto gaming strategy.\n\n\n\nAccording to an announcement from Uncharted, the payouts were calculated using Karma scores, a system that factors in token staking, NFT staking, and other forms of community participation. The team said eligible purchases made after the launch of Chapter 3 on May 14 were also refunded automatically, excluding spending related to diving activities.\n\nToday we are sad to announce that Uncharted and Fishing Frenzy will shutdown and cease operations.Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit. We spent a lot of time in the past year… pic.twitter.com/psoSIz95mG— Fishing Frenzy (@FishingFrenzyCo) June 15, 2026\n\nThe update comes days after Uncharted revealed that both the studio and Fishing Frenzy would cease operations after failing to establish what it described as a viable product-market-business fit for crypto gaming.\nUncharted begins final community payouts before shutdown\nIn its latest update, the company said USDC distributions had already been completed, with funds sent to community members based on Karma scores recorded in a snapshot taken on June 15.\nAlongside the payouts, the team asked users who had provided liquidity to the FISH/USDC pool to contact staff through Discord support channels for assistance withdrawing their positions.\nEarlier notices outlined a broader compensation plan tied to the shutdown. Under that framework, all USDC held in the FISH/USDC liquidity pool would be redistributed to players and stakers according to Karma scores rather than token balances.\nThe studio also confirmed that FISH can no longer be traded or transferred. Instead, the token remains usable only inside the game until servers go offline. Uncharted said the restriction was introduced to prevent a rush of selling that could leave a small number of participants with a disproportionate share of remaining liquidity.\nAs part of the wind-down process, the company has open-sourced its Karma score dataset, allowing other teams to use the information for future reward programs or community initiatives.\nCrypto gaming thesis falls short\nIn its shutdown announcement, Uncharted said a year of testing different products, audiences, and directions failed to provide enough confidence that the business could continue operating sustainably.\n“We were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit,” the team wrote.\nFishing Frenzy’s servers are scheduled to shut down on June 25 at 2 a.m. UTC. Until then, existing game features will remain accessible, although USDC packages have already been removed from the platform.\nAdditional rewards are still expected to reach players. Uncharted said that Proof of Distribution rewards will be distributed directly by Sky Mavis using the same Karma-based allocation method. The company also stated that it would provide Karma score data to partner projects and request that they honor previously planned token distributions for top users.\nThe closure adds to a growing list of crypto projects that have wound down operations this year despite maintaining active products. Earlier this month, Botanix Labs announced the shutdown of its Bitcoin Layer 2 network, citing insufficient economic demand to sustain the platform. In May, Solana-based yield protocol Carrot said losses tied to the Drift Protocol exploit left it unable to continue operating.\n\n\n\n\n\n                Read more:\n            \n\n                Bitcoin reclaims $65K as oil falls to a two-month low, more gains ahead or a dead cat bounce?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2643274434","isCrawlerRequest":true}