Project: MyWorld, Realtime Worlds' "3D social gaming experience," has been bought by an anonymous US company, Develop reports.

The MyWorld team was laid off as the developer also behind Crackdown and APB attempted to stave off bankruptcy but the company still entered administration in August. When business rescue firm Begbies Traynor stepped in, a portion of the team was re-hired to continue development as a number had expressed interest in buying the project. Read more »

While the entire team working on Realtime Worlds' "3D social gaming experience" Project: MyWorld was laid off shortly before the developer entered bankruptcy this week, over a third have since been re-hired to continue development. Read more »

Develop is reporting that APB and Crackdown developer Realtime Worlds is "on the brink of closure" and that operations have been handed off to an administration firm that will attempt to secure further investment to save the studio.

If further investment cannot be secured, it is likely that the independent developer will close and that APB will be its final game. It is unclear what will happen to the game's servers and operation if this were to occur. Read more »

Crackdown and APB creator Realtime Worlds has laid off the entire team behind its recently-announced Project: MyWorld, according to rumours picked up by VG247, and may be downsizing the APB team or even attempting to sell the crime MMO outright.

"The MyWorld team has been completely laid off," the anonymous source whispered to VG247. "As many as 60 may have gone, but there's a rumour they may be trying to sell the team as a smaller entity. I don't know the exact figure." The "3D social gaming experience" was announced only last month, scheduled for launch in 2011. Read more »

Coming off of the release of APB, Realtime Worlds is throwing us a curveball with Project: MyWorld, a "3D social gaming experience" set in a recreation of the real world.

The project is definitely a social experience with the trailer showing off Facebook-esque notifications corresponding to player actions. Read more »