Irreverent Labs has halted development of its NFT game MechaFightClub due to regulatory uncertainty surrounding crypto in the United States.
The company's CEO and co-founder, Rahul Sood, stated that there is no clear path forward to launch the economy from the US.
The game had reached "alpha" status but will not be sold as the brand is too close to the soul of the company.
The company plans to buy back any mechabot NFTs for 18 SOL each from May 15 until June 29.
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