The gaming NFT marketplace Aqua is no more, CEO Sean Ryan announced on Linkedin Friday. The plan was first shared last month, but as of today, it’s official.

“At Aqua, we did some things well and some things not as well, but the Web3 gaming market isn’t scaling to a mass market size in a time frame that made sense,” Ryan wrote. “Therefore, it was time to call it a day and move on to other opportunities, especially for our awesome employees.”

“I’m still a firm believer in the idea that gamers will own their gaming assets, but it’s going to take a bit longer [than] we had all hoped,” the CEO added.

Ryan, who previously worked as a VP at Facebook, launched Aqua in 2022 and partnered with blockchain firms like Immutable and Polygon Labs. Now, after less than two years, the “player-focused” NFT gaming startup has closed its doors.

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Author: Kate Irwin

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