Pixie Interactive broadcasts closure resulting from money owed associated to taxes and cryptocurrency

Whereas it was nonetheless within the improvement phases for its Viking-themed sport, Pixie Interactive has introduced that it has folded. In keeping with reviews, the closure got here all the way down to a excessive degree of debt deriving from taxes and cryptocurrency investments.

On the matter of crypto, Pixie Interactive allegedly invested enormous sums into LUNO earlier than it crashed. This crash left the studio with a staggering $800,000 tax invoice that it proved unable to settle. To attempt to increase funds for this, the corporate tried to usher in extra funds from its NFTVault challenge, which didn’t draw help.

Whereas that is comparatively new to outsiders, in keeping with different sources, staff had been notified of all of this in July however had been unable to debate it resulting from present NDAs.

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