ATMTA, the blockchain sport and metaverse improvement studio, right this moment introduced plans to restructure its crew. The studio has unleashed over 120 builders of Star Atlas, a metaverse house exploration blockchain sport at the moment in improvement.
Star Atlas is a grand technique sport of house exploration, territorial conquest and political domination, constructed on the Solana blockchain. In January 2022, Star Atlas introduced that Animoca Manufacturers had bought Star Atlas NFT ships value over $3 million.
In a letter shared with the Star Atlas neighborhood on Discord, Star Atlas CEO and Co-Founder Michael Wagner introduced that ATMTA needed to make a “troublesome resolution” to let go of the Star Atlas builders.
This isn’t the corporate’s first restructuring. ATMTA lowered its crew from a peak of 235 on the finish of 2022 to 167 after taking a heavy hit from the collapse of FTX. After the most recent restructuring, solely 45 workers will stay in Star Atlas’ core crew.
Wagner mentioned the remainder of the crew will concentrate on delivering the upcoming SAGE browser sport and the brand new Crew cell app. The CORE graphic novel can even proceed to be revealed. The crew can be set to launch Star Atlas’ Decentralized Autonomous Company (DAC) platform, which can home the sport’s guilds and clans.
Improvement of the Unreal Engine 5 Star Atlas sport will proceed, albeit at a slower tempo, and future variations will nonetheless be produced. The corporate mentioned the downsizing would offer an extended runway for uninterrupted improvement and a number of product launches whereas making Star Atlas extra engaging to VCs.
“We additionally consider that with a smaller footprint, a extra targeted method and a considerably lowered burn fee, we will extra simply appeal to capital funding that would permit us to scale manufacturing throughout extra product strains,” Wagner wrote in a letter to the Star Atlas neighborhood.
In a tweet, YouTuber Cagyjan inspired VCs to “take a leap of religion” in Star Atlas to “create an enormous AAA sport with a real channel economic system.”
🚨 BREAK: @staratlas has undergone a significant restructuring.
From 167 workers to 45 workers to maintain the challenge.
Private be aware: I encourage VCs to take the leap of religion into Star Atlas. For a sport to encourage a neighborhood the best way Star Atlas did, it is okay… pic.twitter.com/iZ671db3JK
—cagy (@cagyjan1) July 25, 2023
Commenting on the restructuring, Illuvium government producer Andrew Wall mentioned:
“Sadly, this may very well be the loss of life knell for Solana at the least within the gaming house…It supported the metaverse aspect of Solana’s sport on the success of Star Atlas…Everybody at Solana’s management was speaking about how Star Atlas was the way forward for gaming within the metaverse and bringing mass NFT utilization into our ecosystem. In fact not, that will not occur anytime quickly. »
Wall added that there was “a whole lot of very bearish stuff,” he thought when he noticed the announcement of the restructuring. He famous that Star Atlas couldn’t fundraise whereas many different blockchain video games efficiently fundraise. He additionally thinks the web3 house sees the downward trajectory of the dotcom bust for the metaverse.
Monetary troubles for ATMTA and Star Atlas surfaced in April when it was found that the corporate had offered $1.6 million value of ATLAS in-game forex and POLIS governance token over a three-month interval. The corporate-owned tokens have been offered for unknown causes.
Krigs, founder and editor of Star Atlas information platform The Hologram, reported that optimistic members of the Star Atlas neighborhood speculated that the token gross sales have been ATMTA’s try to extend its improvement observe all year long whereas others believed that one thing “extra nefarious” was occurring.
