GameStop to drop crypto efforts as Q3 losses near $95M
Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department. On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does […]
Square Enix to sell Tomb Raider franchise and invest in new initiatives such as blockchain
In a statement published on Monday, Japanese video game publisher Square Enix announced that it would be divesting its popular Tomb Raider franchise for $300 million and investing the proceeds into blockchain, artificial intelligence (AI), and cloud computing technologies. The principal developer of Tomb Raider is Square Enix’s subsidiary Crystal Dynamics, which generated $92 million […]
$500M blockchain gaming proposal Game7 to come online with backing from industry veterans
As outlined in a prepared statement obtained by Cointelegraph, Game7 is an upcoming $500 million blockchain ecosystem acceleration decentralized autonomous organization, or DAO, with the goal of onboarding gamers worldwide to the blockchain ecosystem. Entities backing the proposal include BitDAO, Forte, Alameda Research, Mirana Ventures, Warner Music Group, Aleo, Avalanche, Interchain Foundation, Offchain Labs, OP […]
Gaming giant Ubisoft to become corporate baker on Tezos network
Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, will become a corporate Tezos baker, or validator node. In a statement issued on Tuesday, Ubisoft announced its partnership with Tezos-backed Nomadic Labs that will see the latter creating a validator node on the Tezos […]