Heard That The Unreal Engine Game Paragon Was Going Down; Is This True, and If It Is, Why???

I love the game Paragon, for it’s style of upgrades, its gameplay, the way power ups and power cards are implemented into the game. So when I heard about it being shut down, I was devastated. Is this still true for the game, and if so Why? I want to know the reason so that I may do anything in my power to support the games continued development. If anyone has information Please help. Thank you for your time and attention.

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