Tokyo Beast, a mobile combat game on Ethereum layer-2 network Immutable zkEVM, will cease operations on August 24, just a month after its launch on June 9. Producer Naoki Motohashi announced this unexpected closure due to challenges in covering operational costs, expressing regret and apologies to supporters. Despite a strong start, including plans for a $1 million prize tournament utilizing the Tokyo Game Token (TGT), the token's value plummeted post-launch, falling by 96% to $0.006 amid shutdown news. In a bid to provide some relief to players, the developers plan to compensate NFT owners with amounts ranging from $203 to $597, depending on asset rarity, and eligible TGT token holders who staked their tokens will receive USDC compensation. The rapid shutdown underscores ongoing financial struggles faced by many crypto games this year, reflecting a tumultuous landscape for gaming projects intertwined with blockchain technology.

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