ATMTA, a blockchain recreation and metaverse improvement studio, in the present day introduced plans to restructure its staff. The studio has laid off greater than 120 builders for Star Atlas, a metaverse area exploration blockchain recreation at present in improvement.
Star Atlas is a large technique recreation of area exploration, territorial conquest and political domination primarily based on the Solana blockchain. in 2022 In January, Star Atlas introduced that it had acquired Animoca Manufacturers for greater than $3 million. USD Star Atlas NFT ship.
CEO and co-founder of Star Atlas in a letter shared with the Star Atlas group on Discord. Michael Wagner introduced that the ATMTA needed to make the “tough determination” to fireside the builders of Star Atlas.
This isn’t the primary restructuring of the corporate. ATMTA has diminished its staff dimension from a peak of 235 in 2022. on the finish to 167 after taking a success from the collapse of FTX. After the newest reshuffle, Star Atlas could have simply 45 workers on its core staff.
Wagner mentioned the remainder of the staff will deal with delivering SAGE’s upcoming browser recreation and the newly introduced Crew Cell App. The CORE graphic novel can even proceed to be printed. The staff can also be making ready to launch the Star Atlas DAC (Decentralized Autonomous Company) platform, which can characteristic in-game guilds and clans.
Improvement of the Unreal Engine 5 Star Atlas recreation will proceed, albeit at a slower tempo, with future releases nonetheless in manufacturing. The corporate mentioned the discount would offer an extended runway for steady improvement and a number of product launches, and make Star Atlas extra enticing to VCs.
“We additionally imagine that utilizing a smaller footprint, a extra targeted strategy, and a considerably diminished burn price will permit us to extra simply entice capital funding that can permit us to ramp up manufacturing of extra product strains,” Wagner wrote in an electronic mail to the Star Atlas group.
In a tweet, gaming YouTuber Cagyjan urged enterprise capital corporations to “belief” Star Atlas to “make a large AAA recreation occur with a really complete on-chain financial system.”
🚨 INTERRUPTION: @staratlas a significant restructuring was carried out.
From 167 workers to 45 workers to maintain the mission going.
On a private word, I encourage VCs to take a leap of religion with Star Atlas. For a recreation to encourage the group the best way Star Atlas impressed it, all the pieces is… pic.twitter.com/iZ671db3JK
– cagy (@cagyjan1) in 2023 July 25
Talking concerning the restructuring, Illuvium govt producer Andrew Wall mentioned:
“Sadly, this can be Solana’s dying knell, no less than within the gaming area… It led to the success of Solana’s gaming meta model of Star Atlas… Everybody in Solana’s administration has talked about how Star Atlas is the way forward for the gaming metaverse and the event of mass NFT use in our ecosystem.” Clearly not, it is not going to occur anytime quickly.
Wall added that there have been “a number of very destructive issues” when he noticed the restructuring announcement. He famous that Star Atlas has been unable to boost cash whereas many different blockchain video games have efficiently raised funds. He additionally believes that the Internet 3 area is seeing the downward trajectory of the metaversion of the dotcom bust.
Monetary issues for ATMTA and Star Atlas surfaced in April when the corporate was discovered to have offered ATLAS and POLIS for $1.6 million in three months. ATLAS is the in-game foreign money and POLIS is the management token. The tokens owned by the corporate have been offered for unknown causes.
Krigs, founder and editor-in-chief of Star Atlas information platform The Hologram, reported that optimistic members of the Star Atlas group speculated that the token sale was an try by ATMTA to extend its growth path throughout the yr, whereas others believed that one thing extra “nefarious” was occurring.
