a16z-Backed Proof of Play Shuts Down, Pirate Nation Foundation to Continue Supporting PIRATE

Proof of Play, a Web3 game developer backed by Andreessen Horowitz (a16z), said it will cease operations after determining it had not built a scalable and sustainable product or business model capable of validating its original vision.

As part of the wind-down, the company said it will open-source as much of its code and artwork as possible. It also released Pirate Nation assets and Founder Pirates NFT—including logos, artwork, and intellectual property—under a CC0 license, allowing unrestricted public use.

The company said the Pirate Nation Foundation will remain independent and continue supporting the PIRATE token. Separately, it said Shiba Story Go! has been acquired by a third party and will continue operating independently under its new ownership.

The Pirate Nation token (PIRATE) was down 12% over the past 24 hours, trading at $0.001093.

Source: Proof of Play