Adoption

Infinite Fleet Raises $3.1 Million in Oversubscribed Round Led by…

HONG KONG (PRWEB) August 06, 2020 Infinite Fleet, the revolutionary sci-fi massively multiplayer online (MMO) strategy game created by Blockstream CSO and Pixelmatic CEO Samson Mow has completed a funding round totaling $3.1 million through a private security token offering (STO). Infinite Fleet is an online strategy game in which thousands of players command fleets of customizable spaceships and play cooperatively to fend off an alien threat, leaving their legacy in the game’s lore via its unique directed narrative feature. The game draws inspiration from space real-time strategy (RTS) and

UK Government Committee Calls For Loot Boxes To Be Immediately Reclassified As Gambling

Less than a month after the UK government launched a call for evidence into loot boxes to decide whether they should be further regulated, a House of Lords Select Committee on gambling has called for loot boxes to be immediately re-classified as gambling, GamesIndustry.biz has reported.The original inquiry into loot boxes led the government to establish an open call for evidence, with the results to be considered alongside the review of the UK's Gambling Act 2005. Now the latter report is in, and it condemns loot boxes in no uncertain

AR 1.0 is dead: Here’s what it got wrong

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups before North made huge promises and raised huge amounts of capital before flaring out in a similarly dramatic fashion. The technology was almost there in a lot of cases, but the real issue was that

Blockchain can make video game playing valuable: Hironao Kunimitsu

The blockchain gaming economy will be larger than Japan’s, the Tokyo-based businessman said Hironao Kunimitsu, the founder of Tokyo social gaming firm Gumi, spoke about the future of gaming in the context of blockchain-based trading of non-fungible tokens (NFTs) at the Japan Traders Live organised by CoinTelegraph last week. The entrepreneur believes that the market to trade NFTs in video games will grow to become “larger than Japan’s economy.” He further explained that the potential for video games like Minecraft, if they adopt blockchain technology, is huge. Fungible tokens like

Atari Partners with Unikrn to Increase Game Token Functionality

Gaming and interactive entertainment giant Atari has secured a partnership with blockchain esports firm Unikrn. The deal is geared towards enabling Atari token holders to shop, game, and bet with the firm’s native cryptocurrency. Tokenizing Atari’s Video Game Ecosystem According to a press release published on Thursday (June 11, 2020), California-based gaming heavyweight Atari has signed a partnership with industry-leading esports blockchain company  Unikrn to increase the utility and functionality of its native blockchain game token dubbed Atari Token. Commenting on the details of the deal, CEO of Atari Fred

Kardiachain Sets Sight on the $2 Billion Vietnamese Esports Market

KardiaChain on May 21, 2020, announced its plans of expanding into the lucrative, multi-billion dollar Vietnamese eSports market. Consequently, they have launched the KardiaChain eSports Incentive Platform which is a prediction game for Garena’s Arena of Valor (Liên Quân) tournament on the Vietnamese mobile phone MOBA game. Garena is the largest game portal in South East Asia. Fans will now be allowed to punt on match outcomes using KardiaChain’s KAI tokens.  KardiaChain and Their Mission The decision was borne out of necessity. Because of COVID-19-related disruptions, the blockchain project, in a blog post,

CRV’s Saar Gur wants to invest in a new wave of games built for VR, Twitch and Zoom

Saar Gur is adept at identifying the next big consumer trends earlier than most: The San Francisco-based general partner at CRV has led investments into leading consumer internet companies like Niantic, DoorDash, Bird, Dropbox, Patreon, Kapwing and ClassPass. His own experience stuck at home during the COVID-19 pandemic spurred his interest in three new investment themes focused on the next generation of games: those built for VR, those built on top of Twitch and those built for video chat environments as a socializing tool. TechCrunch: We’ve been in a “VR

Xbox Series X: What’s the Deal with Latency?

Webster’s Dictionary defines ‘latency’ as “the quality or state of being present and capable of emerging or developing but not now visible, obvious, or active.” And now that I’ve finally gotten to use that hackneyed writing trope in my career, let’s dive into what latency means in the world of video games and how the engineers working on Xbox Series X are working to reduce it. In its most simple terms, latency is the measurement of how long it takes for a signal or piece of data to travel from