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

IRD issues warning to crypto holders ahead of audits
Finance

IRD issues warning to crypto holders ahead of audits

The IRD has identified 227,000 crypto-asset users in NZ and contacted those at risk.

Staff reporters 04 Jul 2024
$1.65b project to simplify switching banks a 'flop'
Finance

$1.65b project to simplify switching banks a 'flop'

Open banking has hindered competition rather than helping it, says lobby.

AAP 04 Jul 2024
MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Murray Jones 04 Jul 2024
Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024