GameFi stories

Aug 6, 2026

Move-to-Earn Platform Step App to Shut Down After Four Years as FITFI Token Collapses

Step App, a blockchain-based move-to-earn fitness platform, announced it will cease operations on August 21, 2026, ending four years of operation amid an ongoing crypto market slump. The shutdown has caused the platform's FITFI token to collapse to near-zero market capitalization.

Aug 6, 2026·3 sources

Aug 5, 2026

a16z-Backed Blockchain Gaming Studio Proof of Play Shuts Down, Cites Failure to Build Sustainable Business

Proof of Play, the Andreessen Horowitz-backed Web3 gaming studio behind fully on-chain RPG Pirate Nation, announced it is ceasing operations after concluding it could not build a scalable and sustainable blockchain gaming business. The company will open-source Pirate Nation assets while an independent foundation continues supporting the PIRATE token.

Aug 5, 2026·6 sources

May 11, 2026

Ronin Network Transitions to Ethereum Layer 2 via Hard Fork on May 12

The Ronin gaming blockchain announced it will transition from a sidechain to an Ethereum Layer 2 network built on the OP Stack (Optimism) through a hard fork scheduled for May 12, 2026.

May 11, 2026·2 sources

Top claims

▪Bybit delisted the FITFI/USDT spot trading pair in April 2026, citing thin liquidity and low trading volumes.
▪The move-to-earn category has experienced a structural decline for over two years because token-based fitness rewards rely on continuous new-user inflows to sustain payouts.
▪Other move-to-earn projects have struggled, with STEPN repeatedly cutting rewards, Genopets and Walken going quiet, and Sweatcoin pivoting from crypto payouts toward gift cards.

Subtopics

Crypto market cycles Tokenomics Ethereum Layer 2s Ethereum Layer 2s & scaling

Blockchain layer architecture

Blockchain technology

Related timelines

GameFi stories

Move-to-Earn Platform Step App to Shut Down After Four Years as FITFI Token Collapses

a16z-Backed Blockchain Gaming Studio Proof of Play Shuts Down, Cites Failure to Build Sustainable Business

Ronin Network Transitions to Ethereum Layer 2 via Hard Fork on May 12

Related timelines

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US Congress

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Trump administration