Hi everyone,
Sorry to have kept you all in the dark these past few weeks. Even though we’ve had legitimate reasons to delay public communications, we know we’ve done a poor job keeping you informed, which understandably has caused some of you feelings of uncertainty and worry. So here’s what’s going on.
Web3 gaming is on a tough spot as you guys probably have noticed, virtually all of the projects that once were building in the space have shut down. This is not a fact we’ve been ignoring, our mission is to make The Beacon a success, and that means understanding the landscape we are building in, and what’s the impact of the strategic decisions we make.
Adding to the harsh reality of the market, there is another factor that we believe has been holding us back. As some of you may know, the ecosystem we chose to build in has progressively shifted its focus away from games. You saw this, for example, with the sudden collapse of Treasure as a gaming platform and the Arbitrum Foundation no longer directing funds or meaningful efforts toward gaming.
This left us in a very difficult position. The platform in which we invested countless months of work and resources vanished, leaving us on a chain that no longer prioritizes our industry and that it is unable to support the project in any meaningful way. A project like The Beacon needs strong partners to operate at its full potential.
The industry is incredibly tough right now. Sentiment is at an all-time low, projects and exchanges are shutting down, investment is very hard to come by, and tokens are being heavily manipulated through predatory market makers and shady practices.
It is clear to us that The Beacon needs radical changes to prosper as a project. We believe that part of this begins with moving to a new ecosystem, one that is aligned with our vision and can help the project reach its full potential.
Over the next few weeks, The Beacon will be working toward launching on Abstract. We’ll kick-start the move with a new event designed for this ecosystem, granting our users access to the perks available in this chain, as well as the set of incentives we’ve already been offering.
It is also clear that The Beacon, as a game, needs changes in its business direction. What once worked in web3 gaming no longer does. We need to adapt the project to what the industry and its players are actually resonating with today.
We know we’ve been quiet lately. This has happened primarily for two reasons. First, we would not dare come to you with a half-baked plan for the crucial next steps.
Second, expanding beyond Arbitrum has been a drawn out process. We are currently unable to disclose much because this process now potentially involves legal implications. We are working toward an agreement that does not result in a legal battle.
Our hope was to resolve this with Arbitrum before the end of July and come to you with good news. Sadly, it has taken much longer than we anticipated. Most of the answers we’d like to give you are riding on this, one of those being most notably the TGE.
We know that many of you are eager for the TGE to happen as soon as possible. However, our primary goal is for the TGE to be successful. That requires a difficult set of prerequisites, without which we would be seriously jeopardizing the token and our holders.
Things have changed. Tokens can no longer rely on hype alone as they did in the past, and exchanges are more thorough in their scrutiny than ever. We need to take the time to have all these pieces in place for the TGE. To have proper distribution, liquidity, and ensure the token can’t be easily manipulated.
For now, what we can safely share is what we’ve been working on:
The team has been adding cross-chain support to our systems. This is a major technical undertaking, as our most sensitive systems were not originally designed to operate across multiple chains in parallel. Some aspects of this work are extremely high-risk and need to be airtight. Any failure could open the door to data-integrity disasters, asset-duplication exploits, and other serious issues.
Season 1 left a lot on the table. We failed to provide the necessary stability across our networking and infrastructure, which undoubtedly caused a great deal of frustration, especially during the critical first few weeks. We’ve not only resolved those issues, but also invested in stronger infrastructure, performance improvements, and monitoring to ensure that we come back online with a rock-solid game.
Beyond the boring work no one sees, we’ve also been investing in the game itself in preparation for an upcoming event. This event will be instrumental in helping us capture traction within the new ecosystem.
We are also aiming to implement new risk-to-earn mechanics to The Beacon, and with them allow the game remain live rather than pursuing seasonal releases.
We have worked extensively in shaping the vision for the future of The Beacon and we believe we have a real shot at bringing it to life.
Regarding our vision for The Beacon.
We are at a unique inflection point with the rise of AI, where agentic development is completely disrupting game development and user-generated content.