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Another blockchain gaming studio is shutting down — Battlebound is closing its doors.

The studio was overseeing two games, including the metaverse game Evaverse with an EVA token and an in-development RPG dubbed Anterris. The Evaverse token is down over 99% from its all-time high.

Battlebound previously raised $4.8 million in seed funding back in 2022 from investors including a16z and Dapper Labs. It gained another $3 million by selling NFTs.

The company had the budget for what’s often called an “AA game” or the equivalent of two indie games, but it did not have the means for more…

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