The Tokyo Games Foundation has confirmed that it will launch its Tokyo Games Token ($TGT) on May 21.
The token will be used across its blockchain gaming ecosystem, beginning with its flagship title—Tokyo Beast—and will support in-game functionality, staking mechanisms, and reward systems tied to NFTs.
The foundation reports strong early interest, with over one million pre-registrations for Tokyo Beast and a $1 million tournament scheduled to follow the game’s release.
What is Tokyo Beast?
Tokyo Beast is a web3-enabled strategy game set in a futuristic Tokyo in the year 2124 where players train and manage digital characters known as BEASTs. The game features two primary modes: BASE, where BEASTs are trained and upgraded, and TRIALS, a PvP combat system.
The game does not require users to own NFTs or connect a crypto wallet to begin playing. It will be available on PC, iOS, and Android platforms. A legally approved betting system has also been integrated, allowing spectators and players to place in-game wagers using a token called JEWELS.
The Tokyo Games Foundation is backed by several prominent Japanese firms namely Cygames, SBI Holdings and gumi. The team has also partnered with Immutable to support the game’s digital asset management and competitive features.
What is $TGT Token?
$TGT is the central token for the Tokyo Games Foundation’s ecosystem. At launch, it will be used for staking, earning in-game assets, and facilitating certain game-related activities.
One of the primary features linked to the token is the ability to stake $TGT to earn BEAST NFTs. These NFTs are not used directly in the game. Instead, the system reads their metadata—such as attributes and skills—to generate corresponding “proxy BEASTs” that appear in matches.
NFT holders receive rewards based on how often and how successfully their BEAST data is used in gameplay. Rewards are funded through two sources: player spending in the game and an allocated pool of $TGT for distribution.
Ahead of the $TGT token generation event, the foundation released a limited number of VIP Card NFTs. Only 500 were minted, and the foundation has not announced plans to release more. These NFTs grant early access to future games and events, priority for airdrops, and other digital perks.
At the time of reporting, VIP Cards are actively traded on OpenSea.
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