#Immortal Chess Platform Discontinues Crypto Features Due to Fraud Money-making chess app Immortal has discontinued its funded crypto features due to severe fraud that disrupted the gaming experience, according to Blockworks.
Previously, a user could earn CheckMate (CMT) token rewards while playing on his free online chess site.
The platform also hosts a marketplace for chess piece NFTs, some of which have sold for up to $14,300.
However, sales after the announcement brought in only a few cents in profit.
Immortal raised $15.
5 million in a Series A funding round led by Chernin Group in September 2022.
The chess platform is based on Immutable X's Layer 2 scaling technology and will continue to use Web3 technology for anti-cheat and community engagement.
Play-to-Earn models that incorporate cryptorails into games have faced several challenges, including this recent fraud incident.
In other news, Arbitrum, the largest Ethereum Layer 2, experienced a partial outage on Friday due to a flood of inscriptions that continued to clog the sequencer.
The outage lasted for almost two hours, during which layer 2 swap fees significantly exceeded Ethereum fees.
The Arbitrum team then announced that the sequencer was working again.