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Kwari shuts down

Tue 03 Jun 2008 2:17pm GMT / 10:17am EDT / 7:17am PDT

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 interview from December last year with the company's marketing manager, Al King, explaining in more detail the planned business model is available here.

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