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Neon Machine Settles Investor Lawsuit Ahead of Shrapnel Launch
Neon Machine, responsible for both the development and publication of Shrapnel—a pioneering Web3 first-person shooter—has announced a resolution to a lawsuit initiated by investors in 2023.
The company expressed optimism that the court would approve the settlement soon. This agreement marks an important step towards concluding this legal issue as Shrapnel moves forward with its ambitious plans.
Progress Towards Game Release
As part of its commitment to delivering a groundbreaking gaming experience, the development team is diligently working on enhancing every aspect of the game, its ecosystem, marketplace, and foundational technology. Players can anticipate that Shrapnel will be available as a free-to-play title on the Epic Games Store in 2025.
A Message from Leadership
Ken Rosman, CEO of Shrapnel, acknowledged community support during this challenging phase: “We appreciate our community for standing by us throughout this process. Each decision we undertake signifies our dedication to crafting unmatched experiences for gamers worldwide. Our focus remains steadfast on realizing our goals and gearing up for launch.”
Leadership Changes at Neon Media
The former CEO of Neon Media, Mark Long, has departed from his role amidst disputes with investors. Tensions arose when investor contributions were made for developing Shrapnel while Long pursued further funding through a token sale scheme that left investors feeling shortchanged regarding their stake in the venture. After successfully negotiating terms with these investors who had initially filed suit against him, Long has yet to provide any comment relating to his exit.
Status Update as 2025 Approaches
With only two years until launch day arrives, Shrapnel boasts over 130k player accounts alongside more than half a million followers across various social media platforms. The game has provided 25 days’ worth of public gameplay experience during early access events throughout 2024; additional preview opportunities are expected before launch.
A Visionary Approach to FPS Gaming
The ambition driving Shrapnel lies in creating an elite-quality first-person shooter where players not only engage fiercely but also have ownership over their creative contributions while influencing future developments within the game universe itself. Utilizing its proprietary Layer-1 token built on Avalanche blockchain technology adds depth to player interactions when it releases simultaneously on PCs come 2025.
An Intriguing Game Setting
The narrative backdrop positioning players is dramatic: following an asteroid collision with Earth’s moon wreaking havoc across vast regions—leading regions known as Sacrifice Zones becoming inhospitable due to relentless meteorite showers containing rare substance known as Sigma—the stage is set for corporate forces and nation-states alike hiring mercenaries aiming seize control over these vital territories rife with conflict seeking both wealth and knowledge hidden within them.
The post Neon Machines Reaches Settlement in High-Stakes Legal Battle with Former Investors first appeared on Tech News.
Author : Tech-News Team
Publish date : 2025-02-14 23:13:12
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