[Web3 Game Studio ChronoForge to Shut Down Services on December 30 Due to Funding Shortage] Web3 game studio ChronoForge has announced that it will cease all services by December 30 due to funding shortages and various unfavorable factors. Since July, the funding shortfall has forced the founders to personally finance development, reduced staff by 80%, and continued operations without a marketing budget, with revenue falling below sustainable levels, all amidst a bearish sentiment in the Web3 gaming market. The project was developed by Minted Loot Studios, and its affiliated entity, Rift Foundation, raised over $3 million through the sale of RIFT tokens to support game development.