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Hey there, Meme Insider fans! If you’ve been keeping an eye on the wild world of NFTs and blockchain gaming, you might have heard some buzz about Forgotten Runes, a project that once took the crypto scene by storm. Recently, a tweet from Kyle @0xkyle__ sparked a nostalgic yet bittersweet conversation about this Ethereum-based storytelling project. Let’s dive into the details, unpack the community’s reactions, and explore what’s happening with this once-promising NFT venture.

The Tweet That Started It All

Kyle’s tweet, posted on July 4, 2025, at 10:51 AM UTC, reads: "lmao i remember these. werent they making a TV show?" This simple question references an earlier post by JuanSnow @JuanSnow, who shared a thread lamenting the apparent downfall of Forgotten Runes and its creators, Magic Machine. The thread included screenshots from the Forgotten Runes Discord, showing a lack of recent activity from the team. Kyle’s quip about a TV show taps into a long-standing rumor that has intrigued the community since 2018.

What Was Forgotten Runes Supposed to Be?

For those new to the scene, Forgotten Runes is more than just a collection of 10,000 unique NFT wizards. Launched in 2021 by Magic Machine, it’s a decentralized fantasy universe where NFT owners can contribute to a shared lore via an on-chain archive called the Book of Lore. The project aimed to give fans real ownership over characters and stories, a refreshing twist on traditional intellectual property (IP) models dominated by big corporations.

The team also expanded into gaming with Forgotten Runiverse, a free-to-play MMORPG set to launch on consoles like PlayStation, Nintendo, and Xbox. Backed by investors like Reddit co-founder Alexis Ohanian’s 776 fund, the project seemed poised for greatness. Oh, and that TV show? It was announced way back in 2018, promising to bring the wizardly world to screens, but as of 2025, it’s still a no-show.

The Downfall: What Went Wrong?

JuanSnow’s thread paints a grim picture. Magic Machine has gone quiet, skipping beloved community events like Wizard Wednesday and failing to engage with their NFT holders. The Runiverse game, despite its ambitious launch plans for March 26, 2025, reportedly struggles to gain traction. OG community members have drifted away, and the Discord screenshots show the team’s last messages were sparse and uninspired. Replies from users like Shual @0xShual echo the sentiment: "RIP Wizards."

Kyle’s mention of the TV show adds a layer of irony. Was it all just hype? The community seems to think so, with comments like Hann @HanHanoz joking, "it was FORGOTTEN 🤣🤣🤣." The lack of updates on the show, combined with the game’s slow progress, has left fans disillusioned.

Community Reactions and the Bigger Picture

The X thread highlights a mix of nostalgia and frustration. Some, like Zasshouu @zasshouu, nod to the TV show rumors with a chuckle, while others mourn the lost potential of a project that raised millions. This isn’t just about Forgotten Runes, though—it’s a cautionary tale for the NFT space. Projects can soar with hype and funding but crash when the team loses momentum or fails to deliver.

For blockchain enthusiasts, this is a reminder to watch for red flags: inconsistent communication, delayed releases, and fading community engagement. On the flip side, it’s also a chance to learn. Successful meme tokens and NFT projects thrive on transparency and active communities—lessons Magic Machine might have overlooked.

What’s Next for Forgotten Runes?

As of 07:38 PM +07 on July 4, 2025, the future looks uncertain. The Runiverse site still promises a 2024 full release (which has clearly slipped), and the official Forgotten Runes website hints at ongoing lore development. But without a revitalized team effort, the project risks fading into obscurity. Will the TV show ever see the light of day? Only time—and maybe a miracle—will tell.

Final Thoughts

Forgotten Runes started as a dream of decentralized storytelling and gaming, but its current struggles show how tough it is to sustain momentum in the crypto world. Whether you’re a wizard NFT holder or just a curious onlooker, this saga is a must-watch. Drop your thoughts in the comments—do you think Magic Machine can turn it around, or is this the end of the Runiverse? For more NFT news and insights, stick with Meme Insider!