Phat Loot in hibernation due to crypto bust

Phat Loot in hibernation due to crypto bust
Untamed Isles raised $840,000 from more than 3,000 backers on crowdfunding platform Kickstarter. (Image: Untamed Isles)
Riley Kennedy
A game development company that turned to the crowd to get off the ground has had to halt its operations after the crypto crash cut short its next round of fundraising.Tauranga-based gaming studio Phat Loot Studios spent the last two years developing the multiplayer turn-based, open-world adventure game, Untamed Isles.The game's premise was meant to offer the player an experience of being in a “living world for monster hunters and monster tamers”. However, with less than two months before its intended release in October, le...

More Finance

Community housing lender readies first social bonds
Finance

Community housing lender readies first social bonds

The Community Housing Funding Agency received an A+ credit rating this week.

Oliver Lewis 05 Sep 2025
Warner Bros production unit moves into red
Finance

Warner Bros production unit moves into red

The production company flags a tax issue related to the Sky TV–Discovery deal.

Victoria Young 03 Sep 2025
‘Strong applications’ for RBNZ governor role
Finance

‘Strong applications’ for RBNZ governor role

A leading professor believes the selection of the governor should be reopened.

Dileepa Fonseka 02 Sep 2025
Govt confirms $5m home threshold for golden visas
Finance

Govt confirms $5m home threshold for golden visas

Latest shake-up of foreign investment announced. 

Staff reporters 01 Sep 2025