Immortal was a play-to-earn chess app that used crypto rails to monetize chess games. But after “heavy cheating” marred the game experience, the platform shut down its financialized crypto features.
Immortal is a free online chess site. Until recently, users could accrue CheckMate (CMT) token rewards while playing.
The platform also hosted a marketplace for chess piece NFTs. The NFTs have sold for as much as $14,300, but sales netted only a few cents following the announcement.
Immortal raised $15.5 million in a Series A led by The Chernin Group in September 2022.
In the project’s Discord, Immortals NFT owners lamented the loss in value of their assets.
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