'Tokyo Beast' Speedruns Crypto Game Cycle, Shutting Down Just a Month After Launch
Main Idea
Ethereum game Tokyo Beast on layer-2 network Immutable zkEVM will shut down in August, with compensation offered to NFT and token holders.
Key Points
1. Tokyo Beast, a competitive mobile combat game on Immutable zkEVM, will shut down on August 24, just over a month after its June 9 launch.
2. Producer Naoki Motohashi cited 'difficulty in continuing operations' as the reason for the shutdown, calling it 'unexpected news'.
3. The game's token, TGT, has plummeted 96% from its peak price to $0.006, with a market cap of $897,000 at the time of the announcement.
4. Eligible holders of BEAST NFTs will receive USDC compensation ranging from $203 to $597, exceeding the original $200 primary sale price.
5. TGT token stakers will also receive USDC compensation, with amounts varying based on staking duration.
Description
In a positive wrinkle, the makers of Tokyo Beast will compensate NFT owners and some TGT token holders amid the game’s closure.
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