When we started Game7, we had a mission: help Web3 gaming succeed by actually listening to developers. We didn't want to just take a "build it and they will come" approach: we wanted to solve real problems developers faced every day. We built tools we believed in: Summon for user acquisition and retention, World Builder for Web3 game development tooling and we incubated Hyperplay for better distribution. We published unbiased research to help the industry make better decisions. But, along the way we made mistakes: 1️⃣ We overreached, convinced the industry needed a complete gaming ecosystem. We believed more initiatives meant more impact. We were wrong. We spread ourselves too thin and lost focus. 2️⃣ Our community became misaligned as we scaled. Early on, everyone shared our vision. But growth attracted different people with different motivations, creating a disconnect between our goals and our members. 3️⃣ We relied too heavily on third-party success. Our products needed successful games to thrive, tying our fate to theirs. We didn't control our own destiny and failed to pivot to a first party revenue-generation strategy early. 4️⃣ We miscalculated the timeline. After 5 years in Web3 gaming, we're still early. We underestimated how long real adoption would take, which was detrimental to everything we built. Many of you are frustrated with $G7 price, and so are we. Many on our core team spent 4+ years and thousands of hours building, only to watch much of the initial community airdrop be sold on day one. The price went far below expectations. But we got some things right too: We funded people and ideas that deserved a shot. We built products that scaled to hundreds of thousands of users. We created a workplace where people wanted to stay (<1% churn over 4 years). We swung big and believe that we have played a role in moving the industry forward, even if it is taking longer or didn’t have as big of an initial impact as we had hoped. And most importantly we preserved runway, and made hard choices early enough to give us years, not months, to figure out what’s next. Today, we're putting Game7 as you know it on pause. We've cut our burn rate to a minimum, leadership took significant salary cuts, and we had to part ways with many extraordinary people we'd recommend to any team in the space. Additionally, we are sunsetting G7 Network until we find the right use case. There will be more info posted shortly on what the chain migration will look like and you will all have plenty of notice to bridge out any assets still on G7 Network. All founders and the foundation are extending token unlocks by 12 months. We haven't sold a single token and won't for at least the next year. As for next steps: we are exploring. Our priority is building a revenue-generating business with product-market fit. We still believe in open economies, digital sovereignty, and games as places for community. For now, we will be heads down figuring out what’s next and this will take time. For Game7 to succeed, it will likely need to be rebuilt from the ground up. Thank you for believing in us.

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