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FTX Announces Foray into Web3 Gaming, To Prioritize ‘Great Games’ -Breaking

by Mike Robinson

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FTX Announces Foray into Web3 Gaming, To Prioritize ‘Great Games’
  • FTX buys Good Luck Games during its first foray in the Web3 Gaming Market.
  • Sam Bankman Fried announced the acquisition on Twitter, March 22, at 22:22.
  • In his thread, Bankman-Fried also emphasized how FTX wants to prioritize ‘great games’ among everything else.

FTX acquired Good Luck Games (developers of PC Game Storybook Brawl) as part of its expansion to the Web3 Gaming Market.

Sam Bankman Fried announced the acquisition via a stream of tweets on March 22,

“We’re excited to explore what the intersection of NFTs, crypto, blockchain, and gaming looks like. But we’re even more excited to see where Storybook goes,” Bankman-Fried tweeted. Additionally, he added that FTX’s mission is to “help [Good Luck Games] build the best games they can–with as much (or little!) integration with FTX as they want.”

Despite this announcement, the only concrete plans are related to art-based NFT drops during this year’s Game Developers Conference (GDC). The partners plan to announce the acquisition at the GDC.

Bankman-Fried tweeted that he has known the Good Luck Games team since high school. “We grew up drafting Magic: The Gathering at the same shops. I’m incredibly impressed with what they’ve built, and can’t wait for what’s left to come,” Bankman-Fried tweeted.

Interestingly, one factor Sam Bankman-Fried emphasized in his tweet was how FTX wanted to prioritize ‘great games’. By this, he meant that NFT integration shouldn’t make a game ‘neutral or worse’. FTX aims at championing Web3 Gaming and winning the hearts of old-timers.

Also, we want an in-house solution to help us develop the whitelabel packaging. But the single most important thing about that in-house game is, again, that it’s a great game.

Bankman Fried also stated that Good Luck Games is a team FTX truly loves and believes in.

Storybook Brawl, Good Luck Games’ first title, is a PC game launched on Valve’s Steam video game distribution service. This game allows you to collect, draft, and battle digital cards. The game is a combination of traditional tabletop gaming and the auto-battle style.

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