Fishing Frenzy
The team tried new audiences for a year, then called time
A free-to-play browser and mobile fishing RPG on the Ronin network, with NFT rods and fish and a FISH token, made by the crypto game studio Uncharted.
- Capital raised (announced)
Uncharted studio seed announced April 2024; allocation to this game was not disclosed.
- Installs
- Estimated
Company-reported cumulative installs, relayed at launch and closure; not unique or daily active players.
- Reported revenue
- Estimated
Company-reported lower bound at closure in June 2026; period and revenue breakdown were not given.
- Peak daily active users
- Estimated
Company-reported peak after initial rollout, relayed June 2026; exact peak day and counting method were not given.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Uncharted seed round | 2024 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Derek Lau | Unknown – Jun 2026 | Not established | Oct 2026 |
Promises vs reality
Commitment
The studio subsequently reported completing eligible purchase refunds, according to crypto.news.
Reported execution; individual transactions were not reconciled in this pass.
A missed promise is a missed promise. It is not evidence of fraud, and this page does not treat it as any.
Timeline
23 April 2024
9 April 2025
The Uncharted Waters season followed an alpha phase and added NFT rods, tradeable NFT fish, a battle pass and a VIP programme. It was the first game to launch on Ronin without needing the network's approval.
14 May 2026
The shutdown FAQ used this release as the cutoff for eligible purchase refunds; spending on the diving mechanic was excluded.
15 June 2026
Read the full post
Today we are sad to announce that Uncharted and Fishing Frenzy will shutdown and cease operations. Despite our best efforts, we were ultimately unable to prove our thesis on crypto gaming and could not find product-market-business fit. We spent a lot of time in the past year testing multiple directions and audiences, but the results did not give us enough conviction in a viable path forward. We are deeply thankful for the community and investors who gave us their time and trust, and we are sorry we could not deliver.
15 June 2026
Read the full post
To share some more context on how we got here: Uncharted originally began with the assumption that there was a large and growing market of crypto natives who would be happy to risk and lose money for financial entertainment. Neither of these assumptions proved true: crypto and crypto gaming are both shrinking markets, and crypto natives are not consumers but are investors - meaning they churn if they are unprofitable, no matter how fun the experience is.
25 June 2026
Servers were set to close at 2am UTC. No later source confirming the closure was retrieved.
How it ended
Uncharted said it could not prove its thesis on crypto gaming or find a viable business after a year testing other directions and audiences. It announced that the studio and game would cease operations together.
What happened next
- RecoveryJune 2026
crypto.news reported 62,845 USDC distributed from the liquidity pool and 7,021 USDC in eligible purchase refunds as completed, citing the studio’s update. The earlier FAQ described the plan; a transaction-by-transaction reconciliation was not established. Sky Mavis rewards remained planned.
- Aftermath15 June 2026
The repository holds a wallet-address contribution-score snapshot as of 15 June, allowing other projects to calculate rewards. Publication does not establish that any partner made a payout.
Still alive
Open spot
Fishing Frenzy is gone. Is your RPG still running?
Spotlight your project here.
Sources
17 sources behind this page.
- 1Uncharted Completes $1.7 Million Seed Round, Led by Shima Capital · Bitget News (republishing Cointime) · Apr 2024
- 2Fishing Frenzy Shuts Down Despite 9 Million Installs and $1 Million Revenue · BitPinas · Jun 2026
- 3Fishing Frenzy shuts as developer Uncharted also closes down · BlockchainGamer.biz (Steel Media) · Jun 2026
- 4Fishing Frenzy Sets Sail on Ronin with Uncharted Waters Campaign · Chainplay
- 5Uncharted raised a $1.70M in a Seed Fundraising round on Apr 23, 2024 · CoinCarp · user-editable
- 6Uncharted - Gaming Project · Crypto-Fundraising · user-editable
- 7Crypto game studio Uncharted to shutdown along with Fishing Frenzy · crypto.news · Jun 2026
- 8Fishing Frenzy shutdown notice · Fishing Frenzy
- 9Fishing Frenzy $FISH Token Details · GAMES.GG
- 10Fishing Frenzy Web3 Game Shuts Down June 25 · GAMES.GG · Jun 2026
Show 7 moreShow fewer
- 11Fishing Frenzy closure post, 15 June 2026 · twitterapi.io
- 12Search of @xdereklau posts, 14 to 17 June 2026 · twitterapi.io
- 13X account record for @FishingFrenzyCo · twitterapi.io
- 14X account record for @gguncharted · twitterapi.io
- 15Latest posts of @xdereklau · twitterapi.io (X API), retrieved 3 October 2026
- 16X profile of @xdereklau (Derek Lau) · twitterapi.io (X API), retrieved 3 October 2026
- 17Karma Scores Snapshot · Uncharted
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.