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Cash-strapped Firefly MMO developer Multiverse closes

The Multiverse Network, which built a platform for developing online games, and had several licensed MMOs in the works, closed last month after failing to secure enough cash to continue running. Despite receiving more than $7 million in funding over the years, securing licenses for high-profile brands, bringing Avatar filmmaker James Cameron into its advisory board, and generating interest in “thousands of developers,” Multiverse said it “wasn’t able to achieve a profitable business model.” The …