'Tokyo Beast' Speedruns Crypto Game Cycle, Shutting Down Just a Month After Launch

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.