The blockchain game Genome has disclosed that it is facing closure due to market changes, and the team is seeking possibilities for survival
By: rootdata|2026/03/11 16:51:10
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The blockchain gaming platform Genome announced that due to changes in market sentiment, the decline of the InfoFi sector, and shifts in external conditions, the project is facing closure, and the team is evaluating whether it can continue to move forward.
The announcement disclosed that over the past 8-10 months, Genome has raised approximately $600,000 through NFT sales and public fundraising, while core team members have personally invested about $500,000. Additionally, some members chose to delay salary payments in exchange for token allocations, bringing the total investment to around $950,000 to $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 be sustained due to changes in the X API. The announcement detailed the team composition and monthly costs, covering engineering positions such as front-end, back-end, smart contracts, and machine learning, as well as functions like product, operations, and design.
Operational costs include cloud infrastructure, development tools, third-party APIs, etc. The raised funds were initially stored in an exchange wallet and later used for development, infrastructure, and operational expenses. The team stated that they are exploring possibilities for financing, acquisition, or collaboration, but there are currently no definite outcomes, and the project has not issued tokens.
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