Moonveil Studio Begins Gradual Wind-Down of Web3 Gaming Operations

Moonveil Studio, known for its web3 gaming projects such as AstrArk, Bushwhack, and the $MORE token, has announced a gradual wind-down of its operations. According to the team's official communication, this decision results from persistent difficulties in the GameFi sector and significant changes in the broader gaming industry over the last two years.

Founded in 2022, Moonveil spent four years developing on-chain games and building a product-focused ecosystem. In its announcement, the studio cited challenges in securing sustainable funding and maintaining player interest, despite continued efforts in fundraising, partnership building, and product development. The shift of market attention and capital away from gaming, the team said, became insurmountable.

Project-related services, including the website and supporting infrastructure, will be gradually discontinued in the coming weeks. The studio has not specified an exact closure date, describing the transition as a phased decommissioning. Players, token holders, and community members are encouraged to manage their positions before full closure.

Moonveil's exit follows a broader trend reported across the GameFi landscape, where several studios have downsized, pivoted, or wound down operations amid recent industry contraction. The announcement expressed gratitude to supporters and highlighted the difficulties experienced by smaller game studios in the current environment.

For ongoing inquiries, Moonveil has provided a contact email, noting that response times may be limited during the wind-down process. No specific details were provided for $MORE token holders or node operators at this stage.