Space Game ‘Star Atlas’ Recovers Lost Funds From FTX
In a public announcement on February 2nd, Star Atlas game developer Automata announced that they had recovered a portion of their lost tokens on FTX.
Star Atlas and FTX
Back in November, the news of FTX’s insolvency shook the world. As previously reported, amongst the affected was the upcoming blockchain space game Star Atlas under development by Automata. At the time, Automata CEO Michael Wagner, CFA announced that the company had lost approximately $10 to $15 million dollars in the wake of the FTX fund freeze. Again, at the time, this cut the company’s development efforts in half with an estimated “6 to 9 months of [development] runway left”.
Star Atlas Community Rallies to Support
In the immediate wake of this announcement, the Star Atlas community conducted a survey of which game items they would like to see released by the company in the short term. Dubbed the “Community Rescue Survey”, the results led towards the official Star Atlas Star Sequence Campaign that lasted from Nov 2022 through the end of Jan 2023. The result, nearly $2 million dollars in direct revenue provided to Automata*.
