Crypto shooting game 'Shrapnel' developer Neon Machine exposed to financial crisis According to Blockworks, the developer of the encrypted shooting game "Shrapnel", Neon Machine, is facing serious financial difficulties. As of now, the company has accumulated nearly $86.9 million in operating capital, with a revenue of $21.7 million in 2024. However, the high operating costs of approximately $33 million have prevented it from making a profit, resulting in a net loss of $11.4 million. According to sources, Neon Machine consumes up to $2 million to $3.5 million in funds per month and is currently in a state of cash depletion, with a large amount of outstanding debt and millions of dollars owed to external suppliers. The new round of financing for Neon Machine, originally scheduled to be completed in early 2025, has also failed to land. Previously, the company completed a $20 million Series A financing in October 2023, led by Polychain Capital.