So much so, that I had a long conversation with my wife and we agreed that Chronicles of Elyria was worth our own livelihood to see it through. Almost six years into development, Chronicles of Elyria remains one of the most important and significant things in my life. 'And here, I'm afraid, is where I have to make a confession.

(As an aside, the official Soulbound Studios website states that the company is kept afloat by Jeromy's personal wealth, as well as a co-owned PPC business.) Walsh, though, states that this money has now run out, forcing him and his family to start pouring their own assets into the company - something that Walsh states has now happened twice in Chronicles of Elyria's development. The loan, according to Walsh, made it possible to carry on through 20. He directly challenges the assertion many backers have that there was a 'giant stockpile of cash' from the crowdfunding days to pull from, instead addressing Soulbound Studios taking on a PPP loan during the pandemic. However, while the initial strategies were in place, Caspian details that there was 'another abrupt increase' in the costs to the company, requiring even more of his attention. As a result, Caspian states that he effectively has had to stop his engineering duties in order to take on some 'cost-cutting' to the business.īecause of this, the promised Alpha 2 was delayed as design work was put on hold to ensure that the company could, in effect, stay afloat. He details the struggle where he noticed that operating costs and more have increased, seeing his company hemorrhaging money with hosting costs and more.

In the post, Walsh talks about the struggles Soulbound Studios has faced since he laid off the staff back in March of 2020. In the latest State of Elyria, Walsh tackles the issue of funding the MMO the last few years since stopping crowdfunding in 2020.

Chronicles of elyria alpha ii