Tokyo Beast Shuts Down: Final Game Over on August 24

Another one bites the dust—Tokyo Beast joins the graveyard of abandoned games as servers power down next month.

RIP, player engagement metrics.

No lifelines, no last-minute token bailouts—just a hard stop for the cult-hit battler. Devs cite 'operational realities' (read: profits didn’t moon).

Pro tip for gamers: Spend your in-game currency before it turns into digital confetti. Meanwhile, VCs are already pivoting to the next 'Web3 gaming revolution'—this one’s headed straight to the 'discontinued' bin.

The compensation criteria

The sudden MOVE to shut down the game potentially fuels an unexpected benefit for people who invested in TGT or the game’s associated NFTs. To that end, eligible holders will receive compensation for their assets. Refunds will be paid in USDC, not TGT. This is mainly to avoid price swings and protect future projects tied to the token.

The team allocated a $350,000 pool, with item values based on their market price as of July 20. Users who own BEAST NFTs will get more than the $200 paid in the main sale. The amount they get back in USDC stablecoin will depend on how rare the assets are and range from $203 to $597.

TGT unstaking fees will also be refunded based on user tier. Any lucky ticket NFTs bought from the official shop will get full refunds. Unused in-game GEMs are also fully covered.

Tokyo Beast money bumps

Tokyo Beast made more than $1 million in its first week, and more than 300,000 copies were downloaded. However, as soon as TGT went on sale in late May, its value dropped sharply. It then fell even further after a short rise around the game’s release. 

TGT is now worth $0.006, 96% less than its all-time high. It has dropped another 16% in the last 24 hours due to news of the shutdown. The value of the token is now only $897,000.

Tokyo Beast had many problems, even though it was very exciting. @vert1dkrn, who makes content for Web3, said that the game gave players easy ways to make money without spending any. In just five days, he made $60 on his own without paying anything.

The team also spent a lot of money on advertising. As he said in his tweet, they had a “streamer program with 20 streamers in it,” but most of them didn’t show up. Many small creators with less than 1,000 followers got paid four figures, but bigger influencers were not even mentioned.

KEY Difference Wire: the secret tool crypto projects use to get guaranteed media coverage