FTX Acquired The Developers Of Storybook Brawl Game

FTX acquired the developers of the Storybook brawl game, Good Luck Games and it is further expanding into the blockchain gaming space with the acquisition so let’s read more today in our latest cryptocurrency news.

Crypto exchange FTX Acquired the developers of Storybook Brawl Game – Good Luck Games and in the new deal, the platform will become a part of FTX Gaming while Storybook will receive some blockcahin-based integrations. Exactly how will the game transform into a web3 game is unclear but Is possible that FTX Gaming is looking to adapt each card in the game into NFT.

NFTs are unique tokens that exist on the blockchain like ETH and can be purchased and sold via online marketplaces. According to the ZDNet report, Storybook Brawl’s transition to the blockchain is in the early stages and the ideas are in the prototyping stage. The FTX CEO Sam Bankman-Fried saw the acquisition of Storybook Brawl as a representation of where FTX wants to go with the gaming division. He said:

“Outside of it being an incredibly fun game our whole office enjoys… we saw an opportunity to be the vanguard for the ethical integration of gaming and crypto transactions in a way that hasn’t yet been done in this space.”

Good Luck Games’ developers came from titles such as Magic: The Gathering and Elder Scrolls while Storybook Brawl is a PC game that is still in beta since the Steam release a year ago. FTX’s Good Luck Games purchase came a few weeks after the exchange hired Steve Sadin as the new Head of Gaming partnership. He said that he has known some of the team of Good Luck Games team for 20 years due to his past involvement in the Magic game. Given the success of NFT card games like Axie Infinity, Storybook Brawl could look to position itself as its direct competitor to Web3’s flagship titles in the blockchain space.

All of this came at a time when Robinhood said it aims to be crypto first and tries to expand into new markets around the world. The company stumbled and failed to capitalize on the flood of DOGE users that signed up last year and it was even slow to roll out a crypto wallet that it was touting for a long time. The new Cash Card will be offered to that on the waiting list first and it can help the company regain its momentum if it catches on and can spur an uptick in the activity.