To share some more context on how we got here: Uncharted originally began with the assumption that there was a large and growing market of crypto natives who would be happy to risk and lose money for financial entertainment. Neither of these assumptions proved true: crypto and crypto gaming are both shrinking markets, and crypto natives are not consumers but are investors - meaning they churn if they are unprofitable, no matter how fun the experience is. We experimented with business models where players can earn on average, funded by external sources (e.g. b2b advertising). This was part of the inspiration behind Karma partners. However, what we found was that most other crypto games aren’t in a position to pay for users, and moreover there is a fundamental disconnect between advertisers wanting to make money from players, and players wanting to make money from advertisers. We also experimented with new audiences. Poker / fantasy sports being the two most logical extensions of crypto gaming and examples of risk-to-earn models. However, our experience was that these success cases have critical advantages we cannot replicate: poker has decades of cultural relevance and media backing, while fantasy sports have a free and infinite content calendar that drives information asymmetry. We also tried to run ads and eliminate crypto friction in the game to acquire non-crypto gamers, but failed to make this profitable. We’ve decided it’s time to call out and shut down, and will be returning remaining funds to those who supported and backed us. Thank you once again.