VPNAcquire AccountSubscribeSubmit DAPP
Switch Language:
Home > News > context

Pixie Interactive announces closure due to debts related to taxes and cryptocurrency

While it was still in the development stages for its Viking-themed game, Pixie Interactive has announced that it has folded. According to reports, the closure came down to a high level of debt deriving from taxes and cryptocurrency investments.

On the matter of crypto, Pixie Interactive allegedly invested huge sums into LUNO before it crashed. This crash left the studio with a staggering $800,000 tax bill that it proved unable to settle. To try and raise funds for this, the company tried to bring in more funds from its NFTVault project, which failed to draw support.

While this is relatively new to outsiders, according to other sources, employees were notified of all of this in July but were unable to discuss it due to existing NDAs.

Interested in Block Chain Game, Welcome to JBB.ONE
Comments
0 / 1000
Latest Updates
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Spielworks partners with Gunstar Metaverse, 3 other NFT games
Spielworks partners with Gunstar Metaverse, 3 other NFT games
FaZe Clan has come to The Sandbox
FaZe Clan has come to The Sandbox
Breaking News
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Spielworks partners with Gunstar Metaverse, 3 other NFT games
Spielworks partners with Gunstar Metaverse, 3 other NFT games
FaZe Clan has come to The Sandbox
FaZe Clan has come to The Sandbox
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
Sky Mavis announces $2.4 million esports grant
Sky Mavis announces $2.4 million esports grant
Apeiron launches new NFT marketplace and battle demo pass airdrop
Apeiron launches new NFT marketplace and battle demo pass airdrop
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Sorare secures partnerships with NBA and Basketball players Association
Sorare secures partnerships with NBA and Basketball players Association
Animoca Brands raises $110 million in funding round led by Temasek, Boyu & GGV Capital
Animoca Brands raises $110 million in funding round led by Temasek, Boyu & GGV Capital