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The Great Web3 Gaming Purge, VR/AI Gaming Finds its Footing, ICYMI: Weekly News Roundup

The Great Web3 Gaming Purge, VR/AI Gaming Finds its Footing, ICYMI: Weekly News Roundup

Blue Mojo
July 22, 2025

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😔 More Web3 Games Are NGMI

Recent closures include: Mighty Action Heroes, Unioverse, & Tokyo Beast

Most titles fail to make it out of the early development stages. Despite unholy amounts of capital raised, seemingly bustling communities, and experiences that can be considered “fun”, most games dissolve into memories due to lack of funding or other common issues. Unfortunately, we have more titles to add to the long list of Web3 game closures.

Tokyo Beast announced their sudden shutdown via Medium article and promised an NFT buyback to holders
Mighty Bear Games will be sunsetting Mighty Action Heroes to focus on “GOAT GAMING”, their telegram mini-app
Unioverse cites market shifts, AI disruption, and 6 months of funding struggles as the key factors for the game’s shutdown

This pattern isn’t new, and as Payton documented in his article about Web3 gaming’s broken promises, these shutdowns highlight how the industry consistently overpromised and underdelivered from the very start…

🎧 Worth A Listen:

x.com/i/spaces/1zqKV…
— GR1D Network (@GR1Dnetwork)
6:00 PM • Jul 22, 2025

🎮 AI In Gaming (by @DreamTestLabs)

Join Maddox for another Gr1D Space! Diving into how AI is shaping game development and leveling up gameplay experiences for us as the player!

💼 VR Devs Need To Take More Risks (by The Game Business Show)

Chris & Ru Weerasuriya discuss the state of the industry, the challenges behind launching a new studio in 2025, and the history of Ready at Dawn, from its early PSP success with PlayStation, to its relationship with Meta and the VR industry.

ETH near $4k, NFT’s mooning!! are we back??
Simplified is live today in an hour!
All star panel with @SamSteffanina, @OliverMaroney, @Hantao@0xChuckstock@itsGnoc@Phin_totten@SlayerXgg@uhhdub & our partners @LOLLandGame
Set the reminder 👇
— Matt Steffanina (@MattSteffanina)
6:42 PM • Jul 21, 2025