Neon Machines, the developer and publisher behind the Web3 first-person shooter Shrapnel, has settled a lawsuit initiated by former investors in 2023. The company plans to submit the settlement for court approval.
This agreement allows Neon Machines to focus on its upcoming game and the associated ecosystem, marketplace, and technology. Shrapnel is set for a free-to-play release on the Epic Games Store in 2025.
Following the settlement, the company is making strides towards its ambitious goals. Shrapnel has accumulated over 130,000 player accounts and more than half a million followers on social media, alongside over 25 days of public gameplay in early access events throughout 2024.
The lawsuit arose from a conflict involving Mark Long, the former CEO of Neon Media, and the investors who initially funded the company. Discontent stemmed from Long generating additional funds through a token sale, which the investors felt diluted their investment.
As the launch approaches, more gameplay preview events will be announced. Shrapnel aims to deliver a premium-quality experience, allowing players to compete, create, and influence the game’s future.
The game’s narrative centers around a catastrophic asteroid impact on the moon, leading to the emergence of a dangerous area known as the Sacrifice Zone, where mercenary forces compete to extract a powerful material called Sigma.
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