The NFT game Raini: The Lords of Light will shut down on July 21, according to an announcement from the developers at Raini Studios. Players will receive their final rewards in June and July – a total of 2 million $RST tokens (around $3.390 at the current rate). As part of the shutdown, the team will abandon the play-to-earn model and shift to a deflationary economy.
NFT Card Game With Crypto Memes
Raini: The Lords of Light was launched as a collectible NFT card game in the style of Hearthstone. It was available on the Epic Games Store and combined fantasy elements with crypto culture. Decks featured cards with Dogecoin, Satoshi Nakamoto, and Sam Bankman-Fried.
Initially, the collectible NFT cards were issued on the Ethereum network, but the project later migrated to Avalanche. The in-game token $RST was launched on Beam, a blockchain network focused on gaming.
According to Raini Studios, players received over $1 million in rewards during the game’s lifetime. However, CEO Sam Moody of Ceden said that user engagement had dropped sharply and no longer covered the costs of maintaining the game. This added pressure to $RST holders, as the game’s monthly token generation created constant sell pressure.
Abandoning Play-to-Earn and Launching New Games
With Raini shutting down, the studio is moving in a new direction. It plans to release two upcoming action titles: Lucha Throwdown and Uncaged: The Jon Jones Brawler. At the same time, the developers are overhauling the tokenomics: part of the revenue will now be used to buy back and burn RST tokens. A transaction tax has also been introduced, with proceeds going toward reducing the token supply.
The studio hopes that abandoning the play-to-earn model and launching new games will help stabilize the token’s value. Following the announcement, the RST token rose 6,250% to $0.0016, but it still remains 98,79% below its March 2024 peak. The market cap remains under $1 million.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.
