Best P2E Games

FTX Acquires Good Luck Games

FTX Acquires Good Luck Games

Game Review 

FTX Gaming Acquires Storybook Brawl Developers Good Luck Games.

Cryptocurrency exchange FTX & FTX Gaming makes further progress and expansion into the blockchain video game realm by acquiring Good Luck Games.

Cryptocurrency Exchange FTX Acquires Good Luck Games - Blockchain
Cryptocurrency Exchange FTX Acquires Good Luck Games – FTX Gaming

For those of you who are not familiar, Good Luck Games is the developer behind the popular fantasy card game namely Storybook Brawl. The game is very well received in the Steam digital market, since last year’s June it has had a rating of “very positive” which is 88% of the total 2200 reviews to its name.

Both companies, FTX, and Good Luck Games were in close contact with each other for several years with an acquisition on the cards.

The deal will now see Good Luck Games becoming a part of FTX, consequently, Storybook Brawl will receive NFT’s. The transition is still in the early stages, only the prototypes are being tested and worked upon as of now.

Talking about the recent acquisition, FTX CEO shared thoughts, “Outside of it being an incredibly fun game our whole office enjoys playing it. 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.”

FTX’s expansion into gaming and acquisition of Good Luck Games came in weeks after Steve Sadin’s entry as new Head of Gaming Partnerships.

Previously, Sadin worked for Sega and WB, he also had close contacts with Good Luck Games for almost 20 years. The acquisition may well place Storybook Brawl in the category of Axie Infinity and Splinterlands in near future.

The combination of FTX and Good Luck Games will create a team that has the potential to compete against the best in the business i.e. Axie Infinity.

But is the acquisition by FTX a good one? Despite harsh criticism faced by blockchain gaming companies and studios, FTX’s step to acquire Good Luck Games is in the right direction.

However, FTX Gaming needs to come up with something new that would win the hearts of traditional gamers.

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FTX Acquires Good Luck Games

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FTX Acquires Good Luck Games

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.