Crypto Startup Keyp Puts Game Boy Wallet Project on Hold
After just six months, the Game Boy crypto wallet project has been put on hold, project founder Joseph Schiarizzi confirmed to Decrypt on Wednesday. Crypto startup Keypβs βGame Walletββwhich planned to gamify the crypto hardware wallet experience and allow users to store their Bitcoin and Ethereum on a retro, real Game Boyβis no longer in active development. In an email to supporters, the company said it has pivoted to a new stablecoin project, dubbed Open Dollar, instead.
Project Not Cancelled, but Indefinitely on Hold
When asked if the startup has canceled the project, Schiarizzi told Decrypt that the Game Boy project isnβt being βshut down,β but is βindefinitely on hold.β βWeβre 100% focused on Open Dollar now, but Iβm hopeful Iβll come back to Game Wallet at some point,β the founder added.
Reason for the Pause
In an email to Game Wallet updates subscribers, the company offered a reason for pressing pause for an undetermined amount of time. βGiven the current market conditions, we have made the tough decision to pause development on Game Wallet to focus our efforts on a new, exciting projectβOpen Dollar,β the projectβs team wrote.
Consolation for Subscribers
As a consolation, Keyp is offering its email subscribers access to Open Dollarβs beta. Gamers and crypto fans alike will now have to wait much longer for their Game Boy wallet dreams to come trueβand hope that the team will revisit the project in the future.
Hot Take
While the Game Wallet project is currently on hold, Keyp’s shift to Open Dollar demonstrates the company’s ability to adapt to market conditions and focus on new opportunities in the evolving DeFi space. Although disappointing for Game Boy enthusiasts, the potential for a future revisit of the project offers hope for a retro-gaming crypto experience in the future.
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