Unagi finally shipped the most honest product in Web3 gaming: an asset list.
The French studio behind Persona Journey and Ultimate Champions is in court-ordered liquidation. Everything is for sale. Offers due Nov 2.
Selected lots: • Persona IP, art, manga, contracts, and a treasury of 957 Persona NFTs (of 8,888) • "The X and Discord communities" • UNA. "The token and its contracts." • Ultimate Champions "with its NFT card economy" • Fantasy Brainz: "fully built, never released"
Token Autopsy: the ecosystem token just learned its role in the ecosystem. Inventory.
The court dates Unagi's cessation of payments to April 30, 2026. Creditors get two months to file claims. Holders appear on the sale sheet only as "the communities," a rough way to learn you were a line item.
Persona's mint raised 1,842 ETH in 2024. UNA's entire market cap is now ~$81K, about 99.9% under its June 2024 high (CoinGecko). "Powered by our ecosystem token" described the token's job, not its rights.
Who wins: whoever buys ~11% of Persona supply plus the community accounts at liquidation prices. Who holds the bag: everyone who read "utility" as "claim."
The homepage still says "Building the Future of AI & Web3 Entertainment." The future is accepting offers.
If your game token can be sold as a lot in someone else's liquidation, were you ever an owner, or just a user with a price chart?