Today I want to share extremely sad news with you all. We have to pause the development of Untamed Isles and put the project on hold. With a heavy heart, we made this decision and we understand our amazing community will be shocked reading this.
Fighting every day against an inevitable current because of the promise I made when we embarked on this journey. A promise I will still intend to keep, but not one that I now have the ability to decide the timeline to. There have been a myriad of factors that have caused the lead-up to this very moment but what this all comes down to is that we are unable to financially keep up with the demands of what we set out to do.
Untamed Isles is a very ambitious title being an open-world monster-catching MMORPG. To work on this project we brought more than 70 staff members on board and we were working relentlessly for more than 2 years to build the game we all were dreaming about. The truth is that the cost of development is high and there were lots of bumps on our way to this moment. Since we started the journey in 2020, the economic landscape has changed dramatically both generally and specifically for cryptocurrency, and we are not confident in the current market. We ran out of financial resources and we can’t carry on the development at this moment.
We leaned into the crypto market and expanded rapidly off the back of the positive interest. When the crash came, we ended up heavily exposed with too short of a runway. The game remains game-first, crypto-second in design, but crypto funds have become, and remain, essential in getting us to the release. Unlike many of the projects that have foundered in the storm, we actually have a great game design that could stand on its own two feet. But until the crypto situation is resolved – and we’re confident it will be at some stage – then we have to hibernate development on this project.
We have such a passion for Untamed Isles and we don’t want to see it launch unsuccessfully and be forgotten. We want to bring our vision to life. Unfortunately, in current circumstances, it means that we have to take a pause and rethink our approach. We can’t say how much time it will take, but we still hope to see you at the Isles one day.
We couldn’t ask for a more caring and loving community. You guys were there for us on every step of this journey and we had so much fun together during beta tests and game nights. The team that worked on Untamed Isles are the most talented and amazing group of people. Making today’s announcement is one of the most difficult things in my life because of all the love I and every team member have for this project.
I’m sure you have lots of questions and we will try to answer as many as we can. You can find a FAQ in the next message covering some of the things. Please respect the privacy of team members and don’t send DMs.
Thanks for all your support,
Josh & the Phat Loot team
Why was this decision made?
Launching an MMORPG for our first title was always an ambitious goal – we knew this from the start when we undertook this project. We hired a team of 70 staff over 2 years in order to bring this title to life. Despite everyone’s best intentions and passion for this project, there have been so many circumstances outside of our control.
What are the next steps for the studios?
We will be keeping on a small team to work on our smaller titles to release as soon as possible.
First and foremost being Crypty Crawler, which we are aiming for a late-August release.
We are changing the direction slightly, to focus on smaller deliverables and build the studios back to a point where we can confidently continue the Untamed Isles project.
Our passion for developing video games has not been lost, and we aim to release titles in the future as we are in the position to.
Will the game be released later?
We have every intention to release Untamed Isles in the future, as we have seen a strong appetite in the market for a social monster taming MMORPG title. While the game will not be launching on October 6th, we are aiming to launch this title in the future when the market has improved.
What if I backed on Kickstarter/Backerkit?
Due to our cash reserves being empty, we are not in a position to refund our initial backers. We are truly sorry about this and wish this scenario was different.
What if I purchased a pre-order pack?
All pre-orders will be refunded and we will contact customers via the email address they provided on purchase.
What will happen to the Guppy Gang NFT collection?
The Guppy Gang project will continue to remain live and no changes at this time.
Will I still be able to breed generals?
Yes, there will be no changes made to the breeding mechanisms at this time. This will continue as per usual as they’ll be required to play the Crypty Crawler game.
Will I still be able to claim GTT on a weekly basis?
Yes, you will still be able to claim your GTT provided that your NFTs are eligible for claiming.
What are the next steps for Guppy Gang?
We do expect there to be a few holders who are not happy with the short-term decisions that we’ve had to make. But all decisions made have been for the longevity of the studio and the Guppy Gang NFT collection represents our success through the highs and lows. We do hope that our holders will support us through this difficult time. Our future plans for the community remain uninterrupted.
Will Crypty Crawler still be released?
Yes, we will be keeping on an intimate team to further the development of Crypty Crawler and it will be maintained throughout the hiatus.
When is the expected release date?
We are expecting an early access release in late-August.
What are the next steps for Crypty Crawler?
We plan to finalize and launch a playable version. This will not be connected to crypto yet, to avoid anyone losing any generals from any initial bugs.
After we are 100% sure that the crypto functions are running as they should, the integration will happen.
From that point the game will continue to expand to improve its fun potential and open new paths in the world of Web3.
Will Paradise Wars still be developed?
There are currently no plans regarding the development of Paradise Wars, due to the resource this requires combined with the current state of the market.