Valuation

Esports Organization TSM Teams With Crypto Exchange FTX For Historic Deal

Source Node: https://bitcoinist.com/esports-organization-tsm-team-with-crypto-exchange-ftx-for-historic-deal/?utm_source=rss&utm_medium=rss&utm_campaign=esports-organization-tsm-team-with-crypto-exchange-ftx-for-historic-deal
Time Stamp: June 4, 2021 12:42 PM - Modified On: June 4, 2021 - Published By:
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Cryptocurrency esports crossovers are becoming increasingly popular. Today, one of the biggest publicly-disclosed esports sponsorships has come to life, courtesy of esports org TSM and crypto exchange FTX. TSM FTX: A New Type Of Sponsorship In one of the more ‘non-traditional’ naming rights deals, TSM will now go by ‘TSM FTX’. According to the initial report from The New York Times, the deal is valued at $210M over 10 years. The agreement includes TSM, FTX Trading Limited, and FTX.US and FTX.com owners and operators West Realm Shires Services Inc. This

FTX crypto exchange seals $210M naming rights deal for esports behemoth TSM

Source Node: https://cointelegraph.com/news/ftx-crypto-exchange-seals-210m-naming-rights-deal-for-esports-behemoth-tsm
Time Stamp: June 4, 2021 10:59 AM - Modified On: June 4, 2021 - Published By:
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FTX and global esports brand Team SoloMid, oTSM, have signed a multi-year partnership that grants exclusive naming rights to the crypto trading platform.According to a release issued on Friday, the deal is valued at $210 million with the esports brand’s name changing to “TSM FTX.”As part of the deal, TSM FTX will distribute crypto to players and employees with the newly repurposed esports company also purchasing $1 million worth of FTT — the native token of the FTX cryptocurrency exchange.Trading slightly above $34 as of the time of writing, a

Sony announces investment and partnership with Discord to bring the chat app to PlayStation

Source Node: https://techcrunch.com/2021/05/03/sony-announces-investment-and-partnership-with-discord-to-bring-the-chat-app-to-playstation/
Time Stamp: May 3, 2021 4:18 PM - Modified On: May 3, 2021 - Published By:
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Sony and Discord have announced a partnership that will integrate the latter’s popular gaming-focused chat app with PlayStation’s own built-in social tools. It’s a big move and a fairly surprising one given how recently acquisition talks were in the air — Sony appears to have offered a better deal than Microsoft, taking an undisclosed minority stake in the company ahead of a rumored IPO. The exact nature of the partnership is not expressed in the brief announcement post. The closest we come to hearing what will actually happen is that

Avatar startup Genies scores $65 million in funding round led by Mary Meeker’s Bond

Source Node: https://techcrunch.com/2021/05/03/avatar-startup-genies-scores-65-million-in-funding-round-led-by-mary-meekers-bond/
Time Stamp: May 3, 2021 1:01 PM - Modified On: May 3, 2021 - Published By:
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Over the past several years I’ve covered my fair share of upstart avatar companies that were all chasing the same dream — building out a customizable platform for a digital persona that gained wide adoption across games and digital spaces. Few of those startups I’ve covered in the past are still around. But by netting a string of successful partnerships with celebrity musicians, LA-based Genies has come closer than any startup before it to realizing the full vision of a wide-reaching avatar platform. The company announced today that they’ve closed

The Esports Bubble: Fact or Fiction?

Source Node: https://www.dbltap.com/posts/the-esports-bubble-fact-or-fiction-01f4a8pyjvsd?utm_source=RSS
Time Stamp: April 28, 2021 1:09 PM - Modified On: April 28, 2021 - Published By:
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Top GamesThe 2020 League of Legends Worlds Finals | Photo courtesy of Riot GamesMany experts in the esports industry have been debating whether the esports market has evolved into a bubble. With money pouring into esports and related companies at a rapid and increasing rate, some have begun to question whether these investments are justified. Are these investments sustainable? Are the majority of companies overvalued? Are investors sticking to fundamentals when evaluating their opportunities, or are they simply speculating and gambling on a get-rich-quick scheme? Is the market bound to collapse?

holoride raises €10 million in Series A funding for its automotive XR solution, plans for market launch in summer 2022

Source Node: https://www.auganix.org/holoride-raises-e10-million-in-series-a-funding-for-its-automotive-xr-solution-plans-for-market-launch-in-summer-2022/
Time Stamp: April 22, 2021 3:58 PM - Modified On: April 22, 2021 - Published By:
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[embedded content][embedded content]In Augmented Reality and Virtual Reality News April 22, 2021 – holoride, a provider of technology that combines navigational and car data with XR, has today announced that it has completed its Series A investing round, raising EUR €10 million in first closing and earning the company a EUR €30 million valuation. The round was led by Terranet AB, developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through sensor technology. Other co-investors in the round included a group of Chinese financial and automotive technology

MPL acquires GamingMonk

Source Node: https://www.talkesport.com/business/mpl-acquires-gamingmonk/
Time Stamp: April 21, 2021 10:30 AM - Modified On: April 21, 2021 - Published By:
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Sequoia Capital backed Esports and skill gaming platform MPL on Tuesday announced it has acquired Delhi-based esports gaming platform GamingMonk for an undisclosed amount.  After Nazara Technologies, India’s second-leading gaming company MPL has also started its plan to gain a strong foothold in the Indian market. With the current valuation of $800 million, MPL plans to create a complete suite of esports and broadcasting capabilities that will help the company in bringing key national, regional, and global tournament IPs to India.  GamingMonk is a company that specializes in hosting esports

Discord gets off the table with Microsoft for its $10B acquisition deal

Source Node: https://www.talkesport.com/news/discord-gets-off-the-table-with-microsoft-for-its-10b-acquisition-deal/
Time Stamp: April 21, 2021 3:44 AM - Modified On: April 21, 2021 - Published By:
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San Francisco, April 21 (IANS) Popular online chat app Discord has reportedly ended talks with Microsoft for its $10 billion acquisition deal, The Wall Street Journal reported, as the company now aims to launch an initial public offering (IPO). Reports surfaced last month that in a bid to enter the competitive social media market, Microsoft may acquire popular chat and communications platform Discord for more than $10 billion. “Those talks ended without a deal, though it is possible they could be rekindled in the future,” the WSJ report said on

Ole Gunnar Solskjær joins ULTI Agency, OverActive Media raises $40m | ESI Digest #38

Source Node: https://esportsinsider.com/2021/04/ole-gunnar-solskjaer-joins-ulti-agency-overactive-media-raises-40m-esi-digest-38/?utm_source=rss&utm_medium=rss&utm_campaign=ole-gunnar-solskjaer-joins-ulti-agency-overactive-media-raises-40m-esi-digest-38
Time Stamp: April 16, 2021 11:50 AM - Modified On: April 16, 2021 - Published By:
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Each week, ESI Digest breaks down the weekly happenings in the esports industry, making sense of things so you don’t have to. As well as being housed on YouTube, ESI Digest is available on all major podcast platforms and is also available in written form below. On this week’s ESI Digest we cover, Ole Gunnar Solskjær and Jim Solbakken becoming owners of ULTI Agency, OverActive Media’s $40m investment, Enthusiast Gaming looking to list shares on NASDAQ, Epic Games raising $1bn, and the University of Kentucky (UK) joining forces with Gen.G to launch an

Epic Games closes $1bn funding round led by Sony

Source Node: https://esportsinsider.com/2021/04/epic-games-1b-funding-sony-group-corporation/?utm_source=rss&utm_medium=rss&utm_campaign=epic-games-1b-funding-sony-group-corporation
Time Stamp: April 14, 2021 4:52 AM - Modified On: April 14, 2021 - Published By:
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American games publisher Epic Games has announced the closing of a $1bn (~£727m) funding round, bringing the company’s equity valuation to $28.7bn (~£20.87bn). Sony Group Corporation led the funding round with an investment of $200m (~£145.4m). Other investors include Appaloosa, Baillie Gifford, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton, and Luxor Capital, to name a few. Image credit: Epic Games RELATED: OverActive Media announces $40m investment, Montreal Canadiens joins ownership group The funds will be used to continue advancing its ‘technology, entertainment, and socially-connected online services’. This includes cross-over events between popular