Pudgy Penguins has announced the shutdown of its Pudgy Party mobile game, highlighting the ongoing challenges in the Web3 gaming sector. This decision comes amid a broader market consolidation, as the project Fishing Frenzy and its developer Uncharted have also ceased operations, citing the inability to find a viable crypto-gaming model or achieve product-market-business fit. Fishing Frenzy will shut down its servers on June 25 at 2:00 am UTC, while the FISH token will become spend-only and untradeable.
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