Crypto Game Studio Uncharted Shuts Down Fishing Frenzy on Ronin

• Crypto game studio Uncharted announced on June 15 that it will close the company and shut down its flagship Ronin title Fishing Frenzy, with servers going offline on June 25, 2026, at 2:00 a.m. UTC.
• The Fishing Frenzy shutdown follows a year of testing that failed to produce a sustainable business model, despite peak figures of 9 million installs and over $1 million in revenue.
• Uncharted is winding down with refunds and redistributions, sending $62,845 in USDC to players and freezing the FISH token to spend-only, untradable status.

Crypto game studio Uncharted announced on June 15 that it will close the company and shut down its flagship blockchain game, Fishing Frenzy. The Fishing Frenzy shutdown takes effect when the game’s servers go offline on June 25, 2026, at 2:00 a.m. UTC, ending live operations for one of the more visible titles on the Ronin network.

Uncharted, co-founded by Derek Lau, the former vice president of economy and game director at Immutable, built Fishing Frenzy as a cozy fishing role-playing game. The title migrated from Telegram and Base to Ronin in early 2025 and secured a publishing and advisory partnership with Sky Mavis, the studio behind Axie Infinity and a core contributor to Ronin. The game reached peak metrics of 9 million installs, 25,000 daily active users, and more than $1 million in revenue.

“Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit,” the team wrote in its shutdown announcement on X.

Uncharted said a year of testing different products, audiences, and directions failed to give it enough confidence that the business could keep operating sustainably.

As part of the wind-down, Uncharted distributed $62,845 in USDC to players and stakers, with each share calculated from a Karma score that factored in token staking, NFT staking, and community participation. The studio took a snapshot on June 15, so activity after that date does not change a payout. Uncharted also refunded $7,021 in eligible in-game purchases made since the Chapter 3 launch on May 14, excluding spending on diving activities.

The FISH token can no longer be traded or transferred. Uncharted made it usable only inside the game until the servers close, a restriction the team said was meant to prevent a rush of selling that could hand a small group a disproportionate share of remaining liquidity. The company open-sourced its Karma score dataset for other teams to use, and Proof of Distribution rewards will be distributed directly by Sky Mavis using the same Karma-based method.

The closure adds to a long run of Web3 gaming exits. Industry trackers recorded the shutdown of more than 300 blockchain games as play-to-earn economies cooled, funding contracted, and players proved hard to retain past initial reward cycles. Fishing Frenzy’s wind-down, with its scheduled refunds and published data, runs more orderly than many of the sudden closures that defined the downturn.

Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by the Editorial Team.

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