TON Ventures raises $40M fund to support early-stage crypto projects
TON Ventures has raised $40 million for a for-profit venture capital group to support early-stage crypto projects. A spin off by former senior team...
Take-Two CEO says UGC likely won’t define company’s future
Take-Two Interactive today released its quarterly earnings report for Q1 FY25, in which it revealed that its bookings for the year were flat compared...
PiP World acquires high-grossing stock simulator game StockRise
PiP World, a social gaming and edtech company, has acquired Roblox’s highest-grossing stock simulator game, StockRise. StockRise has seven million plays and Dubai-based PiP...
Movement Labs gets $160M commitment for blockchain mainnet
Movement Labs, the builder of a new blockchain network that takes advantage of the Move smart contract language, has announced that six leading Web3...
Animoca Brands reports bookings fell 30% for 2023 fiscal year
Animoca Brands reported that its bookings dropped 30% from $402 million in 2022 to $280 million in 2023, the company announced today. The decrease...
Polygon unlocks community grants worth $640 million for blockchain builders
Blockchain tech and gaming company Polygon announced that its community has voted to unlock the equivalent of $640 million worth of tokens for the...
Sharp Alpha closes $25M+ Fund II to back gaming, sports, media startups
Sharp Alpha Advisors announced it has closed an oversubscribed $25 million fund to invest in early-stage sports, gaming and entertainment startups. Dubbed Sharp Alpha...
Roblox reports Q1 bookings of $923.8M, up 19%, but stock plunges on weak Q2 outlook
Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak...
Solana Labs teams up with Google Cloud on Web3 games via GameShift
Solana Labs is making a move to bring Web3 Gaming to the mainstream with GameShift on Google Cloud. That means there will be seamless...
Aethir and Magic Eden team up on Web3 NFT gaming projects
Aethir, a distributed GPU cloud computing company, has teamed up with Magic Eden, the leading multi-chain non-fungible token (NFT) platform globally. The aim is...