Kwari shuts down
The skill-based online competition site is the latest attempt to engage the market to close
Kwari, the skill-based online site that was set to launch at the beginning of this year, has gone into receivership.
The project, which had aimed to provide gamers with a free-to-play first-person shooter game in which contestants would wager on the outcome of matches using microtransactions, failed to spark as a successful business model.
The company had intended to make money by charging for the purchase of in-game ammunition, with players taking any winnings made on the match bets and other jackpots available.
A GamesIndustry.biz interview from December last year with the company's marketing manager, Al King, explaining in more detail the planned business model is available here.