Tokyo Games Foundation Launches Project U After Ending Tokyo Beast

Tokyo Games Foundation has officially introduced Project U, marking a complete departure from its previous title Tokyo Beast. The newly released whitepaper, published on October 19, confirms that the studio is moving away from combat gameplay and toward a fully betting-driven Web3 ecosystem powered by the $TGT token.

Good to Know

• Project U replaces Tokyo Beast as the studio’s new flagship game.
• Betting will drive the entire in-game economy through $TGT.
• The token model is fully deflationary — every action burns tokens.

A New Direction

Instead of continuing Tokyo Beast, the foundation is pivoting to Project U — a racing and betting experience centered around what it calls “Betting Fandom.” The goal is to merge competitive wagering, character ownership, and NFT-based fan engagement into one ecosystem. Players will place bets using $TGT on multiple daily races, while NFT holders earn a portion of total wagers on their characters.

Deflationary Token Model

Project U introduces a strict no-mint policy for $TGT. The supply will only decrease over time, with tokens permanently burned through various in-game actions. Betting triggers a 1% burn, while race entries, auctions, and breeding consume up to 100% of the tokens used. This model aims to create long-term scarcity and value stability.

Breeding, a feature often blamed for inflation in older GameFi projects, now follows rigid limits — each character can only breed twice, with cooldowns and loss of racing eligibility built in. Every breeding and rental transaction also burns a share of tokens, ensuring the ecosystem remains deflationary.

No Scholarships or Delegation

Unlike many play-to-earn titles, Project U restricts gameplay to verified NFT owners only. There are no scholarship systems, no delegated play, and no “copy NFTs.” Players who don’t own NFTs can still participate through betting, which remains open to all.

Tokyo Beast: The Lesson Behind the Pivot

Tokyo Beast launched in June 2025 as a 3D Web3 battler and drew over 300,000 downloads in its first week. Despite strong initial performance, the project closed after just two months due to unsustainable costs and excessive rewards. The failure prompted Tokyo Games to rebuild from the ground up — this time focusing on sustainability, deflationary economics, and legally compliant betting.

While Project U’s whitepaper outlines its structure, key details remain undisclosed — including release dates, platforms, and the “BIG IP” the team claims it will integrate. The project remains in pre-release, with more updates expected soon.

FAQ

What happened to Tokyo Beast?

The game was shut down in August 2025 due to high costs and an unsustainable reward model.

What is the main focus of Project U?

Legal betting, racing, and NFT-based fandom built around the $TGT token.

Will there be token inflation or new minting?

No. Every major action burns $TGT, creating a deflationary economy.

When will Project U launch?

No release date has been announced yet. The project remains in development.