The free-to-play online game Storybook Brawl has announced that it will be shutting down its servers on May 1, 2023. The developers stated this via the game’s official Twitter handle. They thanked the game’s fans for their support and added that they have ‘exhausted all available options‘ to ensure that the online game continues running.
On behalf of everyone on the SBB team, we’d like to thank you for your support. We’ve explored different options, and unfortunately there is no path forward. We’ll be shutting down the servers on May 1st – please enjoy SBB until then, and thanks for all the memories ♥️
— Storybook Brawl (@StorybookBrawl) April 25, 2023
The online gaming industry has faced a significant setback after the FTX collapse, and the shutdown of Storybook Brawl is one of its latest casualties. Good Luck Games LLC, the studio responsible for developing Storybook Brawl, was acquired by the U.S. division of FTX in March 2022. The now-defunct exchange had previously desired to incorporate the studio into its games development division.
Sam Bankman-Fried (SBF), the co-founder of FTX, expressed his fondness for the game and mentioned his desire to set a higher standard for the ethical integration of gaming and Bitcoin transactions.
However, things took a turn for the studio when FTX collapsed in November 2022. Following the bankruptcy announcement, Storybook Brawl canceled their World Championship match, initially scheduled to hold in The Bahamas.
Meanwhile, after the exchange’s collapse, a new management team was appointed to spearhead the attempt to recover all missing investor funds. Recently, FTX’s new team attempted to gain control of over $440 million in Robinhood Markets shares linked to Alameda Research. The exchange’s new CEO, John J. Ray III, stated that the 56 million Robinhood shares purchased by SBF rightfully belong to FTX and should be secured until the competing creditors’ claims are resolved.
Earlier this week, rumours began circulating that FTX may have another opportunity to revive its cryptocurrency exchange following Tribe Capital’s proposal to acquire the exchange for $250 million. Since the news broke, the value of the FTX token (FTT) has increased, although negotiations are ongoing, and no official decision has been made yet.
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