NFT Game Storybook Brawl Announces Shutdown Amid FTX Bankruptcy

by James · May 1, 2023

FTX’s bankruptcy claims another victim: Storybook Brawl NFT game closes. Find out why Good Luck Games struggled to move forward after being acquired by FTX and how the stock market crash continues to affect 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 arrival of FTX’s infamous bankruptcy. The closure is planned for 1 May 2023leaving fans and players disappointed by the news.

Good luck with your game acquisition

The developers behind Storybook Brawl, Good Luck Games, were acquired by FTX last year and are the latest victim of FTX’s financial woes. FTX’s collapse continues to have its effects across the web3 community, leaving players and developers alike wondering what the future holds.

The announcement of the game’s termination was met with sadness and disbelief, as it was noted that the game was Sam Bankman-Fried’s favorite NFT card battle game. The association with the infamous CEO may have played a role in the game’s steadily declining fan base, resulting in a drop in 59% in the average number of players from 817 average players in February 2022 to about 331 average players in the last month.

The closure of Storybook Brawl is a significant loss to 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 fans looking for a new NFT game that can offer similar gaming experiences.

FTX’s bankruptcy has had far-reaching consequences across the web3 community, and it looks like it will continue to do so for the foreseeable future. The impact of FTX’s financial woes on the NFT gaming industry is just one example of how interconnected the blockchain ecosystem has become.

In the wake of the closure announcement, the developers of Storybook Brawl have assured players that they will refund all purchases made in the past six months. They also thanked the community for their support over the years and expressed regret at having to make this difficult decision.

Final thoughts

The shutdown of Storybook Brawl serves as a stark reminder of the risks associated with building on a centralized platform. With the increasing popularity of NFT games, it is important 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 both developers and players to ensure long-term success.