Microsoft’s Phil Spencer talks about industry-wide gaming layoffs
In the wake of 1,900 layoffs at Microsoft’s game businesses and more layoffs across the industry, Phil Spencer offered his thoughts on the Xbox...
Moonbeam Network moves into Web3 gaming with Animo Industries partnership
Moonbeam Network is moving into Web3 gaming through a partnership with game studio Animo Industries. Singapore-based Moonbeam Network is a smart contract platform for...
Stardust teams with Sui blockchain to simplify Web3 gaming onboarding
Stardust, a web3 gaming infrastructure and user acquisition service provider, has announced a seamless integration with Sui, a Layer 1 blockchain and smart contract...
Maximum Entertainment streamlines labels and unveils 2024 roadmap
Maximum Entertainment consolidated its labels into a unified brand and unveiled its robust game launch roadmap for 2024. Stockholm, Sweden-based Maximum Entertainment is the...
Overworld raises $10M to create anime-inspired free-to-play ARPG
Overworld, the developer partnered with blockchain games publisher Xterio, announced today that it has raised $10 million in a seed funding round. The studio...
AI-powered Web3 gaming platform Ultiverse raises $4M
AI-powered gaming platform Ultiverse has raised $4 million through a private token sale to enable Web3 game production and publishing. IDG Capital led the...
Xsolla announces leadership changes for the next stage of gaming growth
Xsolla, the video game commerce company, announced a series of leadership changes for its next chapter of strategic growth and innovation. The changes, which...
Supercell reports 2023 revenues drop 4% to $1.82B while profits dip 8%
Supercell reported its 2023 revenues were $1.82 billion (€1.698 billion), down 4.2% from a year earlier while a key measure of profitability was $624.14...
Games VC funding reaches new plateau after 72% YoY decline | PitchBook
Venture capital funding in games leveled out and established a new baseline according to PitchBook’s Q4 2023 Gaming Report. Over the last five quarters,...
Games corporate and VC funding falls 75% to $2.7B in 2023 | InvestGame
Private funding and M&A activity in the gaming industry slowed to a crawl in 2023 according to InvestGame’s latest report. Games VC funding in...