Something I'm very proud of about MTG is the fact that we do have genuine esports gaming holders who actually hold MTG,” Kirshenberg told CoinDesk, explaining that he still owns 25% of MTG and has a decisive voice in the project. At the time of publishing, the project’s floor price on secondary marketplace OpenSea has fallen from a high of 0.6 ETH (roughly $2,400 in December 2021) to 0.012 ETH (about $20 today) – a 97% drop from the project’s original mint price. “Revenue wouldn't be easy to extract from the current market, so we will extract it from where it makes sense, the Web2 space,” said Richie in a Discord post addressing the leadership change and strategy shift.
Your aggregated status page shows you the status of all your services at a glance. No more clicking through multiple status pages to find the information you need. “We will continue to have thoughtful conversations around the new game, as we hope to create a revenue stream to reward the holders who have been patiently waiting to extract value from MTG,” said Nikster.
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- Soon after, MTG posted a Twitter thread in response to the criticism, clarifying the game's intention to drive value to holders of its (still unlaunched) ARCADA token, while pointing a finger at those who criticized it.
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Recent Adobe Incidents
We are going to continue building, as promised, https://p1nup.in/ and delivering value back to the MTG ecosystem,” MTG said in a tweet. But many formerly loyal community members appear to have already tapped out of the project, citing underwhelming deliverables, unfulfilled promises and leaders that deserted the project without explanation. On Feb. 14, MTG released a trailer for its upcoming Web2 racing mini-game, which some dismissed as another flashy promotional opportunity.
“This left the community in utter shambles, with no owner to trust, so many conflicting stories and still no delivering on the promised collaborations,” Ben, a mononymous MTG community member, told CoinDesk. Ben lent CoinDesk one of his MTG NFTs during the course of this story to verify his membership and allow CoinDesk access to NFT-restricted areas of the MTG Discord. Around two months after their mint, MTG posted on Twitter that TFG had agreed to step down from the project, raising questions about the overall direction of the project.
- In February 2022, MTG released an NFT staking feature so holders could earn ARCADA.
- Listed for 0.2 ETH (about $822 at the time), the collection sold out in seconds and netted roughly $5.7 million in initial sales.
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For some gamers, MTG was their first dive into Web3 – Ben told CoinDesk that MTG was the first NFT he ever purchased. In QGlobe’s early days working with MTG, sources approached Austin with information about a previous project that Kirsheberg’s esports league TNA promoted called Sushiverse that employed similar tactics to MTG and faced an early demise. Russell Rescue is a network of volunteers dedicated to placing unwanted, displaced or abandoned Jack Russell Terriers into permanent homes. All dogs entering rescue are either temporarily placed in a foster home or must remain with their owners until a suitable home can be found.
Shelter / Rescue
This did not initially deter QGlobe, which wrote in a blog post in May 2022 that it would facilitate MTG’s in-game offering to allow users to make in-game asset purchases. Based on MTG’s road map, users believed the ARCADA token would launch and have real monetary value – which it has yet to provide. Kirshenberg told CoinDesk investment firm Wolfco Capital would work on this token with MTG, but that the partnership with Wolfco Capital ultimately fell through, and the liquidity pool never came to fruition. This did not initially deter QGlobe, which wrote in a blog post in May 2022 that it would facilitate MTG’s in-game offering to allow users to make in-game asset purchases. By sharing your report below, you can help us monitor service disruptions and keep others informed in real time. Ahead of the NFT collection’s release, the MTG team was strategic about advertising the project with flashy promotional videos across multiple accounts.
Adobe
In its early days, the project boasted that one of its rare “Legendary Gamer” NFTs sold for 27.5 ETH, which was about $102,500 at the time. “I saw the opportunity to create a community in the Web3 space that's centered around actual gamers,” Kirshenberg told CoinDesk. You can see scheduled maintenances for Adobe and your other services by logging into your IncidentHub dashboard. Adobe's maintenance duration is usually announced on their official status page.
You can check if Adobe is experiencing technical issues, service degradation, or maintenance by checking this page or by checking their official status page. Adobe is a global leader in creative and digital experience software, empowering individuals, designers, and businesses to create, collaborate, and innovate. From industry-standard tools like Photoshop, Illustrator, and Premiere Pro to powerful platforms like Adobe Acrobat, Creative Cloud, and Adobe Experience Cloud, Adobe delivers the technology that transforms imagination into reality.
Status History
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It was around this time that NFT holders began expressing confusion on Discord and Twitter about the overall state of the project and many of the long-term promises that remained confined to the road map. Delays plagued the release of the mini-game, and the $100,000 prize pool for the tournament for the mini-game was eventually reduced to $60,000. Along with new leadership came a major deviation from the ethos of the project that initially got gamers excited – the announcement of a pivot away from building a Web3 gaming ecosystem in favor of developing a Web2 mobile game.
Why the formerly successful project has recently undergone a major personnel and strategy shift remains unclear. Where and how the $8.2 million in initial funds were spent is an even greater mystery. Ben told CoinDesk the sudden strategy shift signaled the project’s impending demise.
Beyond dissatisfied holders, tension was brewing among the MTG team and its investors. On Dec. 10, 2022, Kirshenberg claimed on Discord that the project had terminated its partnership with QGlobe due to “promises that never came to fruition,” such as the highly anticipated IGO. We are going to continue building, as promised, and delivering value back to the MTG ecosystem,” MTG said in a tweet. We detect maintenances by monitoring Adobe's official status page periodically.
It even worked with professional Fortnite player Daniel Keem, aka Keemstar, on a MTG PFP and token holder-only tournament. Our system continuously analyzes report patterns and automatically updates status indicators when significant changes are detected. You can also view detailed activity charts showing the last 24 hours of reports. This chart displays user reports over the last 24 hours, helping identify patterns and potential outages. The above graph displays service status activity for Adobe.com over the last 10 automatic checks. If no bar is displayed for a specific time it means that the service was down and the site was offline.
On Feb. 14, MTG released a trailer for its upcoming Web2 racing mini-game, which some dismissed as another flashy promotional opportunity. At the time of publishing, the project’s floor price on secondary marketplace OpenSea has fallen from a high of 0.6 ETH (roughly $2,400 in December 2021) to 0.012 ETH (about $20 today) – a 97% drop from the project’s original mint price. “The reality is that this space is ruthless and critics will do what they can to put you down.
In February 2022, MTG released an NFT staking feature so holders could earn ARCADA. Staking, the project said, would allow games to earn ARCADA pre-launch, a token that according to the MTG website, would be used for in-game purchases and determine a player’s “society class” within the ecosystem. In February 2022, MTG released an NFT staking feature so holders could earn ARCADA. Staking, the project said, would allow games to earn ARCADA pre-launch, a token that according to the MTG website, would be used for in-game purchases and determine a player’s “society class” within the ecosystem.
Around two months after their mint, MTG posted on Twitter that TFG had agreed to step down from the project, raising questions about the overall direction of the project. The project quickly gained traction among collectors and gamers, leading to booming sales on the secondary market. In its early days, the project boasted that one of its rare “Legendary Gamer” NFTs sold for 27.5 ETH, which was about $102,500 at the time.
QGlobe’s Austin told CoinDesk the contracts signed between MTG and her firm were contingent on MTG’s execution of promised deliverables, which she says the project has fallen short of achieving thus far. By March, holders had apparently staked over 50% of all MTG NFTs to earn a still-uncreated token. Listed for 0.2 ETH (about $822 at the time), the collection sold out in seconds and netted roughly $5.7 million in initial sales.