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Kwari, the skill-based online site that was set to launch at the beginning of this year, has gone into receivership.
The project, which had aimed to provide gamers with a free-to-playfirst-person shooter game in which contestants would wager on theoutcome of matches using microtransactions, failed to spark as asuccessful business model. The company had intended to make money by charging for thepurchase of in-game ammunition, with players taking any winnings madeon the match bets and other jackpots available.