Battlebound
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Battlebound was a US-based web3 game studio founded in 2021 that previously created Evaverse, a metaverse game. Its flagship project was Anterris, a creature-collecting open-world blockchain game that promised a rich, explorable world - by land, air and sea - in the spirit of Pokémon. The studio raised $8 million in 2022 and spent four years building Anterris with a small, lean team, but the game never made it past playtests.
02 / Battlebound FAILURE REASONS
Failure reasons
Battlebound simply ran out of money. After four years of building Anterris on a lean team, the studio had been extending its runway as far as possible while trying to secure a new funding round - but the money never came. In the studio's own words, it was 'in the same position as many studios before us, closing our doors due to remarkably challenging market dynamics': venture funding for web3 gaming had collapsed by 2024-2025, and even a well-received public playtest in February 2025 could not unlock the next round. With no funds left to keep the team afloat, the studio announced its shutdown on March 11, 2025.
03 / EVENT HISTORY
Events in the structured record
- Product or service closed
GAM3S.GG (article datePublished 12 March 2025) reports Battlebound announced on social media that it was closing operations and suspending Anterris, after failing to raise the funding needed to keep operating.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
The studio had raised $8 million in 2022, which carried it through four years of development with a lean team.
- 02
On March 11, 2025 Battlebound announced on X that it was shutting down and pausing development of Anterris indefinitely, citing 'remarkably challenging market dynamics' after failing to secure a new funding round.
- 03
No loss figure with a stated subject, period and accounting basis has been publicly documented; the $8 million was funding, not loss.