Business of Esports – Weekly News 408
In this week’s esports business news: a former Xbox executive fears Game Pass, Galaxy Racer makes a big investment intoContinue Reading
Tag: investor
Tokens.com Announces Two New Hires
Tokens.com subsidiary, Hulk Labs, announced two major hires in James Hewitt and Alice Huang. Hewitt is a play-to-earn expert whoContinue Reading
US-Based Valhallan Looks To Expand Overseas
US-based Valhallan is looking to the UK to find new franchisees to use its esports training program. “The Legendary Path”Continue Reading
Galaxy Racer Makes Large Crypto Investment
On May 30th, Galaxy Racer announced it had partnered with and invested $25 million in the cryptocurrency ecosystem Quint asContinue Reading
South Korea’s $177M Metaverse Investment
The government of South Korea will be directly investing over $177 million into metaverse projects according to the country’s ministerContinue Reading
This American Food Chain Is Hosting An Esports Tournament On The Other Side Of The World
On June 6th, Pizza Hut Gaming Middle East announced it would be hosting an esports tournament in the Middle EastContinue Reading
Luminosity Gaming Will No Longer Participate In This Major Esport
Luminosity Gaming is no longer going to be a member of the competitive VALORANT scene. On June 2nd, Luminosity GamingContinue Reading
Method Forms Metaverse Partnership
Esports organization Method has announced a partnership with metaverse innovation and investment company, Everyrealm, to form Method MetaGuild (MMG), aContinue Reading
GEMS Raises $50M From Investor
Esports platform GEMS announced a $50 million investment commitment from Bahamian digital asset firm GEM Digital Limited (no connection). AccordingContinue Reading
Blockchain Gaming Netting Big Venture Capital Investments
Blockchain gaming is hitting its stride. According to investment bank Drake Star Partners, 128 blockchain-related gaming companies have received $1.2Continue Reading
Weekly News Show #241: Diablo Immortal Backlash, OWL & CDL In Vegas, Disney Metaverse Hire, Saudi Arabia Gaming Hype, JoyCon On iPhone, Luminosity Quits VALORANT, XSET Vegas Gaming Cabanas, Razer x TUMI
In the latest weekly news and podcast after-show (sponsored by YouGov), we discuss Diablo Immortal receiving backlash for pay to winContinue Reading
AR Start-Up Company Jadu Secures $36M
The augmented reality start-up company Jadu recently raised $36 million in a Series A round of funding. This money willContinue Reading
Mokens League Announces Limited-Edition NFT Drop
NFT-based esports platform Mokens League announced a limited-edition mint of Genesis NFTs for its in-game characters coming this July. TheContinue Reading
AcadArena Founders Crack Forbes’ 30 Under 30 Asian Consumer Technology List
AcadArena’s three founders received the distinct honor of being included in Forbes’ 30 Under 30 list in the category ofContinue Reading
Gaming DAOs, Merit Circle, And Yield Guild Games At Odds Over Investments
Merit Circle DAO has put forward a proposal to refund an investment from Yield Guild Games (YGG) due to whatContinue Reading
PlayStation VR2 Headset Will Feature Over Twenty Major Games At Launch
A Sony investor presentation revealed that the PlayStation VR2 headset will feature over 20 “major” titles when it is launched.Continue Reading
The Top Three College Varsity Esports Programs
Competitive gaming is no longer confined to the dormitories of students across the US but has spilled out onto the widerContinue Reading
Former BMG President Zach Katz Joins FaZe Clan
Former music industry icon Zach Katz has joined FaZe Clan as the organization’s new COO and president. Besides reporting toContinue Reading
Strive Football Group Unveils Esports and Web 3.0 Grand Plans
Strive Football Group has announced new projects, initiatives, partnerships, and investments, which will aid their entrance into the esports andContinue Reading
Daybreaker Games Ends Development Of Marvel MMO
The massively-multiplayer online Marvel game being developed by Daybreak Game Company has been canceled. Enad Global 7, Daybreak’s parent company,Continue Reading
Bayes Esports Receives $6.4M Investment
Bayes Esports recently announced it received a strategic investment worth over $6.4 million. This money will reportedly be used toContinue Reading
Sizzle.gg Wraps Up $5M Investment Round
Video highlight platform, Sizzle.gg, announced the closing of a $5 million funding round led by White Star Capital. The seedContinue Reading
Office Hours: a16z $600M Gaming Fund
In this episode of Office Hours, with our host William “The Professor” Collis, The Professor discusses Andreessen Horowitz launching aContinue Reading
Irreverent Labs Raises $40M For NFT Cockfighting Game
Irreverent Labs announced it had raised $40 million in a recently held funding round. Andreessen Horowitz led this round withContinue Reading
Roblox Announces Q1 2022 Financial Results And April Estimates
Roblox Corp recently announced the company’s first-quarter financial results for 2022. At the same time, Roblox also unveiled some ofContinue Reading
Esports Industry In 2022: The Growing Market Trends
The market overview says that the global esports industry reached a value of $1.28 billion in 2021. The future marketContinue Reading
Saudi Arabia Now Owns 5% Of Nintendo Shares
The Kingdom of Saudi Arabia now owns 5% of Nintendo. According to a recent Bloomberg report, the Saudi Arabia PublicContinue Reading
Apex Legends & PUBG Mobile Reach Important Milestones
Apex Legends has become one of the most successful games in the world. During EA’s recent quarterly financial earnings call,Continue Reading