Good Luck Games' NFT Game, Storybook Brawl, Shuts Down Amid FTX's Bankruptcy

Good Luck Games' Storybook Brawl, a popular NFT card-battling game, announced its shutting down its servers - effectively closing down the game.

Fans are left disheartened as the shutdown of Storybook Brawl, a card-based NFT game, takes effect today, May 1st. 

Last year, Good Luck Games was acquired by the now-collapsed FTX. Today, the developers behind the action-packed card game have been struggling to find a way forward since the collapse, inevitably leading to the shutdown.

FTX's recent bankruptcy and associated fallout have profoundly affected the web3 community, with Storybook Brawl being the latest casualty. During the height of the collapse, major cryptocurrencies and web3 platforms experienced a rapid decline, causing major FUD across the markets.

The game’s acquisition by FTX was primarily stirred by its CEO, Sam Bankman-Fried, which claims that the card-based NFT game is his favorite pastime.

The comments spurred mixed reactions, with many leading to an outright boycott of the game. Despite Storybook Brawl being Bankman-Fried's favorite NFT card-battling game, the acquisition by FTX had a negative impact on the game's player base.

The average player count dropped nearly 60% during the announced FTX acquisition. The association of the game with FTX's notorious CEO, Sam Bankman-Fried, was a major factor in the drop in popularity. From an average of 817 players in February last year to a measly 331 average players last month.

Final Thoughts

The Storybook Brawl shutdown serves as a reminder of the inherent risks associated with acquisition by companies undergoing financial distress. The notorious FTX collapse continues to ripple across the web3 community until today, and how many more projects will be impacted remains to be seen.