Whereas it was nonetheless within the growth levels for its Viking-themed recreation, Pixie Interactive has introduced that it has folded. In accordance with experiences, the closure got here all the way down to a excessive degree of debt deriving from taxes and cryptocurrency investments.
On the matter of crypto, Pixie Interactive allegedly invested enormous sums into LUNO earlier than it crashed. This crash left the studio with a staggering $800,000 tax invoice that it proved unable to settle. To try to increase funds for this, the corporate tried to herald extra funds from its NFTVault challenge, which did not draw assist.
Whereas that is comparatively new to outsiders, in accordance with different sources, workers had been notified of all of this in July however had been unable to debate it as a consequence of present NDAs.
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