📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Insiders: Blockchain game developer Neon Machine has fallen into financial crisis, with a net loss of $11.4 million last year.
According to Techub News, citing insiders reported by Blockworks, the chain game "Shrapnel" developer Neon Machine has fallen into financial crisis, losing money every year since 2021, with total operating expenses reaching 86.9 million USD. Among them, Neon Machine's net loss for 2024 is estimated to be 11.4 million USD (service revenue is about 21.7 million USD, but operating expenses are approximately 33 million USD). In addition, a financial document from Neon Machine predicts that starting in March 2025, its cash reserves will be in deficit, and assuming no additional cash revenue, the deficit will exceed 13.5 million USD by the end of this year's fourth quarter. Several insiders familiar with Shrapnel's financial situation have indicated that Neon Machine has a large amount of unpaid debt, owing millions of USD to external vendors. Furthermore, Shrapnel has undergone at least three rounds of layoffs, with the most recent round occurring in early March of this year.
Neon Machine completed a $20 million financing round in October 2023, led by Polychain Capital.