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An Update from PlayStation Studios (Neon Koi and Firewalk Studios are closing)
(sonyinteractive.com)
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this post was submitted on 29 Oct 2024
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Nothing to say they won't - it's actually pretty uncommon for the studio developing a live service to be the one supporting/maintaining it long term.
Fewer than 700 concurrent players means that they probably weren't making enough money to keep the servers running, let alone bug fixes, or even development.