He's being super slow because he has no reason to release updates more frequently. Look on graphteon the stats of his patreon. He has barely lost patrons in 2020. At the moment I post this message he actually has reached his all time high patron count with 1406 patrons. Last time he showed his revenues he made about $7 par patron. Since the number has decreased since he had his first patron (it was about $9 at the beginning) I think it's lower than $7, maybe something like $5 per patron. Even if we consider that all his patron pay $3 it would be about 1406*3=4218 and minus Patreon's cut (5%) so about $4000.Ok, so about the waifu hunter (which is not from steam) it was actually a coincidence (check the patreon for more details).
The dev Irphaeus is actually making both rn that's why the updates were really slow.
He doesn't want us to know about the current status of the new game but I heard that he's releasing it after he finish making the waifu hunter game.
It was supposed to be a surprise but thank me for spoiling it
This is assuming that every patron pays $3 of coruse, I think adding 50% more would be closer to reality.
Anyway the fact that Iphraeus is making more than $4000 releasing barely any content isn't going to convince him to be faster.
If he's smart he probably has several updates in stock that are going to be released parsimoniously when he sees that the patron count has decreased too much. In the mean time he can work as a freelancer on other projects to make more money.
Considering that his patron count is better than ever I wouldn't expect more than one update this year.
Still, Iphraeus is a small player compared to ICSTOR. That dude is probably making $40k per month (last time we could see it's earnings it was $11k with 1400 patrons imagine now with 7000) and his game isn't anything special.
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