FTX’s Bankruptcy Claims Another Victim: Storybook Brawl NFT Game Shuts Down. Learn why Good Luck Games struggled to continue forward after being acquired by FTX and how the collapse of the exchange continues to impact the web3 community.
Storybook Brawl, an action-packed Web3 game, has announced its shutdown on Twitter.
The development team behind the game has struggled to find a way to continue forward with the advent of FTX’s notorious bankruptcy. The shutdown has been scheduled for May 1st, 2023, leaving fans and players disappointed by the news.
Good Luck Games Acquisition
The developers behind Storybook Brawl, Good Luck Games, was acquired by FTX last year and is the latest casualty of FTX’s financial troubles. FTX’s collapse continues to have its effects across the web3 community, leaving players and developers alike wondering what the future holds.
The game’s shutdown announcement was met with sadness and disbelief, as it was noted that the game was Sam Bankman-Fried’s favorite NFT card-battling game. The association with the notorious CEO may have played a role in the game’s steadily declining fanbase, resulting in a drop of 59% in the average player count from 817 average players in February 2022 to about 331 average players in the past month.
The closure of Storybook Brawl is a significant loss for the NFT gaming community, as it was a game with a dedicated fanbase. Players enjoyed collecting and battling with unique NFT cards and building their decks with different strategies. The game’s closure has left fans searching for a new NFT game that can offer similar gameplay experiences.
FTX’s bankruptcy has had far-reaching consequences across the web3 community, and it seems that it will continue to do so for the foreseeable future. The impact of FTX’s financial troubles on the NFT gaming industry is just one example of how interconnected the blockchain ecosystem has become.
In the wake of the shutdown announcement, the developers of Storybook Brawl have assured players that they will be refunding all purchases made within the past six months. They also thanked their community for their support throughout the years and expressed their regret for having to make this difficult decision.
The shutdown of Storybook Brawl serves as a stark reminder of the risks associated with building on a centralized platform. With the growing popularity of NFT games, it is essential to choose reliable platforms that can provide stability and security for both players and developers. The NFT gaming industry will undoubtedly continue to evolve, and it is up to developers and players alike to ensure its long-term success.
Edmond is a passionate writer for Video games, GameFi and Web3. He has worked for top GameFi companies and video game/crypto news websites.