Eldarune Shuts Down as $ELDA Token Moves Toward a New Future
- NFTrixie
- Sep 3
- 4 min read
A Surprising End for Eldarune
The blockchain gaming world has been hit with another big announcement: Eldarune is shutting down. The fantasy-themed web3 gaming ecosystem, once celebrated for its ambitious vision and multiple interconnected titles, has officially closed its doors. However, the story doesn’t end here. Instead of vanishing completely, the $ELDA token is being transferred to a new company, sparking curiosity about what comes next.
In a farewell message to the community, the Eldarune team admitted that funding struggles and the tough realities of today’s blockchain games market made it impossible to continue. Despite these setbacks, they expressed gratitude to their players, noting that Eldarune reached hundreds of thousands of users and carved out a recognizable name across web3.
Why Did Eldarune Shut Down?
Eldarune’s closure comes down to a reason we’ve heard too often lately—funding challenges. The current web3 gaming market has proven especially difficult for smaller studios, with limited investor appetite and shifting player expectations.
As the farewell letter put it, “Despite our achievements, the realities of the current Web3 gaming market and funding challenges have forced us to make a difficult decision.” Sadly, this is a story repeating across the industry, from indie blockchain startups to traditional gaming studios.
What Happens to the $ELDA Token?
One of the most pressing questions for the community is the future of the $ELDA token. Instead of disappearing, Eldarune confirmed that the token will be migrated to a new independent infrastructure and technology project.
Although the team has not revealed the project’s name, they stated it will carry forward their vision “in a different form.” This leaves room for speculation: will $ELDA gain new utility in a completely different ecosystem, or will some elements of Eldarune’s fantasy world live on?
At the time of the announcement on August 29, $ELDA was still listed on MEXC exchange. While holders had time to withdraw, delisting has since taken place. The token, however, is not dead—its repurposing could open a new chapter.
A Look Back at Eldarune’s Ambitious Ecosystem
Eldarune wasn’t just a single game—it was a multi-chain, Seedify-incubated ecosystem that brought together four different titles powered by $ELDA.
World of Elymnias (WoE): An AI-driven idle RPG where players fought PvE dungeons, collected Champions, and tested their skills in PvP arenas.
Heroes of Eldarune (HoE): A web-based TCG where players built Champion NFT decks with unique abilities and strategic depth. Development was supported by a 50,000 IMX grant.
ELDA Rush: A MOBA-style experience with 3-lane battles and Diablo-inspired dungeon crawling, open to alpha testers.
Eldarune Journey: A narrative-driven on-chain game where NFT holders risked their assets on seafaring adventures for $ELDA and rewards.
This ambitious ecosystem catered to RPG fans, card gamers, MOBA players, and narrative enthusiasts alike. Unfortunately, the weight of sustaining four titles proved too heavy amid tough market conditions.
Community Reaction and What’s Next
The community’s disappointment is clear, but there’s also cautious optimism. Eldarune’s Telegram group remains open, with chatter suggesting that a new group will be formed for the incoming project tied to $ELDA.
The developers stressed that this is “not the end—rather, a new beginning built on everything we’ve learned together.” This sentiment hints that lessons from Eldarune may fuel something more sustainable.
For token holders, the key is whether the new project can create real utility. Without strong use cases, $ELDA risks becoming just another stranded token in the blockchain space. But if the team delivers on their promise of long-term value, this transition could surprise skeptics.
Another Closure in a Difficult Market
Eldarune’s shutdown is part of a growing trend. Just in recent months:
Proof of Play announced the closure of Pirate Nation.
Tokyo Beast shut down only two months after launch.
Unioverse ended after just half a year.
Blast Royale closed but chose to go open source.
These examples underscore a harsh reality: web3 gaming is exciting but risky. Studios are challenged not just by funding but also by the need to balance fun gameplay with sustainable token economies.
Lessons for Web3 Gaming Projects
Eldarune’s closure highlights important lessons for future blockchain games:
Sustainable Tokenomics Matter – Tokens must hold long-term utility beyond speculation.
Focus on Core Gameplay First – Expanding into multiple titles can spread resources too thin.
Community Is Everything – Even in failure, Eldarune maintained goodwill thanks to transparent communication.
Adaptability Is Key – Studios that pivot quickly may survive where others fold.
Final Thoughts
Eldarune may be gone, but its story reflects the growing pains of the entire web3 gaming industry. Building in this space is incredibly challenging, and while many projects fall short, each one contributes to shaping the path forward.
The fate of the $ELDA token now rests on the new company taking over. Whether it becomes part of a meaningful project or fades into irrelevance depends on execution. For the community, the hope is that Eldarune’s vision lives on in a form that rewards their loyalty and trust.
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