‘Tokyo Beast’ Speedruns Crypto Game Cycle, Shutting Down Just a Month After Launch
Quite a few crypto video games have shut down already in 2025, however this is likely to be the quickest pivot but from launch hype to imminent shutdown.
The builders of Tokyo Beast, a aggressive cell fight sport launched on Ethereum layer-2 community Immutable zkEVM on June 9, mentioned Tuesday that the sport will go offline on August 24. Revealing the transfer barely a month after launch, producer Naoki Motohashi referred to as it “sudden information” in a weblog publish.
“Because of the issue of balancing operational prices, and after in depth discussions with our stakeholders, we have now arrived on the painful choice to terminate the service,” he wrote. “To all our supporters, we sincerely apologize and share in your disappointment and remorse.”
Decrypt reached out to the event crew for extra context and remark across the deliberate ending, however didn’t instantly hear again.
Tokyo Beast arrived with an enormous push final month, as builders boasted of a match that might function $1 million price of prizes. The payouts have been going to be made utilizing the corporate’s Tokyo Sport Token (TGT).
Nevertheless, the value of TGT shortly plunged following the token’s late Might launch, after which cratered following a quick rise across the sport’s launch. After falling one other 16% during the last 24 hours amid the shutdown information, per knowledge from CoinGecko, TGT is now priced at $0.006—down 96% from the height worth. The token now has a market cap of simply $897,000.
The speedy choice to close down the sport probably fuels an sudden profit for individuals who invested in TGT or the sport’s related NFTs, as eligible holders will obtain compensation for his or her belongings.
House owners of BEAST NFTs, for instance, will obtain greater than the $200 quantity paid in the course of the major sale, with the compensation in USDC stablecoin ranging between $203 and $597 based mostly on the rarity stage of the belongings. Compensation for different NFTs varies based mostly on the asset and rarity stage, with full particulars shared through the weblog publish.
TGT holders who staked their belongings, in the meantime, can even be eligible for USDC compensation, with the quantity various based mostly on how lengthy they staked the tokens. Token holders who didn’t have their tokens staked don’t look like eligible for compensation.
Many different blockchain video games that already shut down this yr cited monetary challenges because the trigger, together with shooters Deadrop and Nyan Heroes and social deduction sport The Thriller Society.
Ultimate Fantasy maker Sq. Enix simply shut down its crypto sport Symbiogenesis on Monday, although the sport’s finish was shared months upfront and tied to the conclusion of the continued storyline.
