Developers of blockchain chess game Immortal Game are shutting down its Play-to-Earn (P2E) and Nonfungible Token (NFT) features due to rampant fraud.
According to the Dec. 13 announcement, developers will continue to build Immortal Game as an online chess hub and may incorporate more decentralized technologies in the future, but Immortal Game “gives them a real opportunity for people to make money playing chess.” The goal is to “provide.” It ended in failure.
“We discovered that by offering large amounts of cash with no barrier to entry, we were encouraging severe cheating on our platform and degrading the user experience for our legitimate player base who wanted a fair and safe place to play chess online,” Immortal said. the developer wrote. . “The unintended consequence of providing money to athletes has been an increase in unfair practices.”
Starting this week, the Immortal Game NFT Marketplace will be discontinued and players will no longer be able to use native P2E Checkmake Tokens (CMT) in-game. However, NFTs will continue to exist on-chain. Additionally, users will no longer receive CMT for completing tournaments or daily rewards. However, fiat compensation may be offered for such work in the future.
“Your ETH and CMT balances will no longer be visible on our platform, but you will retain these tokens in your wallet. Those using a managed wallet must connect their personal wallet to move assets.”
At the time of the outage, the lifetime trading volume of Immortal Game NFTs was $885,600, and the fully diluted market cap of CMT tokens was $360,075. NFTs are issued on the gaming-centric Immutable blockchain.
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