The innovative Game Boy-based crypto wallet concept is temporarily shelved as the creators venture into the realm of DeFi with a new stablecoin initiative.
Joseph Schiarizzi, the founder of the Game Boy crypto wallet initiative, has announced a temporary halt to the project, as reported to Decrypt on Wednesday. This decision comes just half a year into the development of the "Game Wallet" by crypto startup Keyp, a project aiming to blend the nostalgia of the classic Game Boy with the functionality of a crypto hardware wallet for Bitcoin and Ethereum storage.
In a communication with supporters, Keyp revealed their strategic pivot to a new project focusing on stablecoins, named Open Dollar. While clarifying the status of the Game Wallet, Schiarizzi informed Decrypt that the project is not being permanently discontinued, but rather put on pause for an unspecified duration.
“We're now entirely dedicated to developing Open Dollar, though I remain hopeful about revisiting the Game Wallet in the future,” Schiarizzi noted.
An update sent to Game Wallet's email subscribers outlined the rationale behind this shift. "In light of the prevailing market dynamics, we've had to make the hard choice to suspend the Game Wallet's development in favor of concentrating on a fresh and promising endeavor, Open Dollar," the team conveyed.
Acknowledging the potential of the Game Wallet, the team expressed regret for the sudden change in direction but emphasized their belief in the value Open Dollar could bring to the rapidly changing DeFi sector.
As a gesture to their email subscribers, Keyp is providing early access to the beta version of Open Dollar.
The indefinite delay means that enthusiasts of both gaming and cryptocurrency will have to wait longer for the realization of the Game Boy wallet, with hopes that the team might return to this unique project in the future.