What happened to Tenvi/EverPlanet?

Sad to see that Tenvi closed down, it looked like a lot of fun.

Yeah, it was. It saddened me when I found out it was shut down. I guess it didn't bring in enough revenue or it just wasn't popular enough to keep it running, or something. It felt like a nice change away from MapleStory while still keeping the 2D side-scroller MMORPG genre.