beincrypto.com
The free-to-play online game Storybook Brawl, which former FTX head Sam Bankman-Fried previously lauded, has become another collateral damage after the exchange’s collapse.
The digital battling game will close down its servers on May 1, Storybook Brawl confirmed in a statement.
FTX Takes Down Storybook Brawl
The game’s Twitter handle noted, “We’ve explored different options, and unfortunately there is no path forward.”
The U.S. unit of FTX purchased Storybook Brawl’s developer Good Luck Games LLC, in March 2022. The statement by the now-defunct exchange noted that it aimed to integrate it into the company’s games development division.
This occurred when FTX Gaming upped its bet on using eco-friendly blockchain technologies, highlighting its broader commitment to climate and carbon neutrality. Storybook Brawl was also dear to the exchange’s co-founder Sam Bankman-Fried.
He had noted back in the day, “We couldn’t stop playing Storybook Brawl.” The co-founder had stated that while it is an incredibly fun game that the FTX office enjoyed, they wanted to lead the way in the area in terms of the ethical fusion of gaming and cryptocurrency transactions.
What to Expect With FTX Revival Rumors
FTX, backed by illustrious investors like Temasek, Softbank, and Sequoia, collapsed in November last year, dealing a blow to the sector.
According to reports, the former exchange owes money to the former rival Binance, the U.S. Financial Crimes Enforcement Network, and the Swiss regulator FINMA among a long list of its creditor matrix.
At the time, Storybook Brawl had just canceled its World Championship event scheduled in The Bahamas following its bankruptcy.
Meanwhile, this week, there have been rumors circulating that FTX would be given another shot after Tribe Capital proposed a $250 million buyout to revive the cryptocurrency exchange. The FTX token (FTT) has gained since the news surfaced, but talks are still ongoing.