Visionary Realms will "slow down" development on its massively multiplayer online role-playing game, Pantheon: Rise of the Fallen, until it can gather financially stability, the developer announced on the game's forums.
The project is lead by Brad McQuaid, a longtime MMORPG designer known for his work on games such as EverQuest and Vanguard: Saga of Heroes. McQuaid and his team launched a Kickstarter campaign to fund the game, but were unsuccessful in raising the $800,000 goal. The developer continued raising money beyond the campaign's end to finish the game.
According to the post, crowdfunding efforts helped the team gain investor interest, but "depleted" Visionary Realms' initial resources.
"... Regrettably [this] means that development is going to slow down until finances can be secured," the post reads. "It's not something we want to do by any means, but as we cannot guarantee paychecks to the team, they each need to be able to spend time on other things to pay the bills.
"Once we're able to get that level of funding we can then secure much-needed studio space and be able to pick up the pace of production dramatically. We are deeply thankful to this community for getting Pantheon to this critical point, where we have been able to put together an attractive package to present to potential investors."
The post adds that all donations made in the meantime will go "directly to maintaining the website during this phase, and not towards development."
Thanks for the tip, Alan.