What Happened to STEPN: The Rise and Fall of Move-to-Earn's Biggest App
So, what happened to STEPN? Is STEPN dead? No, it didn't die. It deflated, then it deflated a second time, which is honestly the worse story.
So, what happened to STEPN? Is STEPN dead? No, it didn't die. It deflated, then it deflated a second time, which is honestly the worse story.
So when someone asks what happened to DeFi Kingdoms, the honest answer starts one level above DFK itself. It didn't fail alone. It failed roughly on schedule, alongside almost everything else in its category. That 93% figure comes from an April 2026 report by the analyst firm Caladan, covered by...
In November 2021, somebody paid about $2.43 million for 116 parcels of pretend real estate, virtual land on a street that doesn't exist. Not a joke setup. It was a record metaverse land sale, covered by Forbes and treated as the start of something.
Most blockchain games from the 2018 token-sale wave are gone. Dead Discords, parked domains, a chart that flatlined somewhere in 2022 and never twitched again.
Star Atlas is still operating. It still ships updates. And five years after it made the loudest pitch web3 gaming ever produced, the thing you can actually load in a browser is a 2D resource game. So when somebody types "is star atlas dead" into Google, the honest reply isn't yes or no. It's...
Money was never the problem. That is the part of the web3 gaming crash that still gets me. Billions of dollars poured into blockchain games between 2020 and 2026, and most of it went nowhere. According to a report from crypto research firm Caladan, covered by CoinDesk, more than 90% of the...
gm. If you've been in crypto gaming for more than five minutes, you've heard someone bring up the Ronin bridge hack. It's the story people reach for whenever a new play-to-earn game asks you to move funds into its ecosystem. Good instinct to be nervous. In March 2022 the Ronin bridge got drained...
On May 26, 2018, a small team shipped a card game that almost nobody noticed. It was called Steem Monsters, it ran in a browser window, and every card a player owned lived on a public blockchain instead of on a company's private server. Eight years later, that quiet little launch reads like the...
Here's the part almost every retelling gets wrong. By the time crypto Twitter was screaming about the Ronin hack, what happened to Axie Infinity had mostly already happened. The game was bleeding players for months before a single stolen ETH ever left that bridge.
Showing 9 of 9 posts