The Retro VGS, which entered its crowdfunding campaign less than two weeks ago, is being pulled from Indiegogo following a failure to build upon its initial momentum. The new cartridge-based console was seeking $1.95 million to go into production, but after a promising first 24 hours in which over $50,000 was raised, the flow of new backers ground to a halt. A statement was issued on the Retro VGS Facebook page, which you can see below:

The campaign had been beset by controversy, with many complaints that no working prototype was shown. This was refuted with a YouTube video as part of a detailed rebuttal, but there was no effect on the campaign.

As ever, we’ll let you know when the new campaign goes live.