Summary:
- Highguard, a game development studio, has announced that it is shutting down its servers and laying off its employees due to lack of funding.
- The studio was previously backed by Tencent, a major Chinese tech company, but that funding has now been withdrawn.
- This news is a setback for the gaming industry, as it highlights the challenges that even well-funded studios can face in the competitive and rapidly changing world of video games.