Mecha Morphing
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Mecha Morphing was a GameFi project building a browser-based, decentralized play-to-earn action RPG set in a cyberpunk metaverse, with the MAPE token on BNB Smart Chain as its in-game currency. The project launched in February 2022, raised $3.5 million in a private round led by YGG SEA and Infinity Ventures Crypto, and held a $400,000 public raise (IDO) with Polkastarter in March 2022. The founders were never publicly disclosed. After March 2022 the project went quiet: the game was never released, and the MAPE token collapsed to a market capitalization of roughly $4,000 by 2026.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Launched
Mecha Morphing launched in February 2022 on BNB Smart Chain as a metaverse action RPG with the MAPE token.
- Funded
The project completed a $3.5 million private round led by YGG SEA and Infinity Ventures Crypto, launched NFTs on Binance NFT, and announced a $400,000 IDO with Polkastarter in March 2022.
- Went quiet
No game was ever released; the project went silent after March 2022 and the MAPE token collapsed to near-zero value.
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 / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.