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King River Capital, Immutable, and Polygon Labs have teamed up to launch the $100M Inevitable Games Fund (IGF
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This web3 fund brings together Immutable and Polygon Labs who will identify opportunities for investors across the ecosystem. Managed by King River Capital, with support from Immutable and Polygon Labs, the fund targets high-growth prospects in the web3 gaming space. IGF's investor base comprises select professional and sophisticated investors, with an initial cap set at […]
VR game developer Thirdverse has finalized $11.29 million in investment
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Based in San Francisco, California, Thirdverse, raised $3.3 million through a third-party share allotment facilitated by Nissei Capital Co., Ltd. and VeriServe Corporation. This latest funding, combined with the capital previously raised in November of the previous year, brings the total series D funding to approximately $11.29 million. When considering the funds amassed before the […]
Ready Player Me’s New AI-Based Copilot Set to Revolutionize Avatar Development
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Ready Player Me Introduces Copilot for Avatar Integration As reported by VentureBeat, Ready Player Me, a company specializing in cross-platform avatar solutions, has launched Copilot, a tool integrated with OpenAI’s GPT-4 and OpenCopilot. This AI tool is aimed at simplifying the process for developers to incorporate avatars into their applications and games. Copilot benefits from […]
NetEase Announces Second Quarter 2023
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NetEase, Inc. announced its unaudited financial results for the second quarter ended June 30, 2023. The company reported net revenues of RMB24.0 billion (US$3.3 billion) for the quarter, marking a 3.7% increase from the same period in 2022. Notable financial highlights include: Net revenues from games and related value-added services reached RMB18.8 billion (US$2.6 billion), […]
NVIDIA Announces Financial Results for Second Quarter Fiscal 2024
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Record revenue of $13.51 billion, up 88% from Q1, up 101% from year ago Record Data Center revenue of $10.32 billion, up 141% from Q1, up 171% from year ago NVIDIA (NASDAQ: NVDA) today reported revenue for the second quarter ended July 30, 2023, of $13.51 billion, up 101% from a year ago and up […]
Epic Game Store launches “Epic First Run” program offering developers 100% revenue for first six months
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Epic Game Store launches “Epic First Run” program offering developers 100% revenue for first six months
BioWare Announces Layoffs as Studio Adapts for Future Projects
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BioWare, an Electronic Arts (EA) studio known for its story-driven single-player games, is undergoing a workforce reduction of 50 employees. In a blog post, BioWare's general manager, Gary McKay, outlined the necessity for this reorganization as the studio reevaluates its development approach. McKay emphasized that this adjustment is crucial to meet the demands of upcoming […]
Behaviour Interactive Expands with Acquisition of Dutch Developer Codeglue
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Leading Canadian Developer Continues Global Expansion as Dutch Studio Marks Third European Investment in Last Six Months