by Emma Leathley For the past three years, American Commitment, a small nonprofit with ties…
Fortnite, the free multi-player survival game, has earned an astonishing $1 billion from in-game virtual purchases alone. Now, others in the gaming industry are experimenting with how they too can capitalize on new trends in gaming.
Mythical Games, a startup out of stealth today with $16 million in Series A funding, is embracing a future in gaming where user-generated content and intimate ties between players, content creators, brands and developers is the norm. Mythical is using its infusion of venture capital to develop a line of PC, mobile and console games on the EOSIO blockchain, which will also be open to developers to build games with “player-owned economies.”
The company says an announcement regarding its initial lineup of games is on the way.
Mythical is led by a group of gaming industry veterans. Its chief executive officer is John Linden, a former studio head at Activision and president of the Niantic-acquired Seismic Games. The rest of its C-suite includes chief compliance officer Jamie Jackson, another former studio head at Activision; chief product officer Stephan Cunningham, a former director of product management at Yahoo; and head of blockchain Rudy Kock, a former senior producer at Blizzard — the Activision subsidiary known for World of Warcraft. Together, the team has worked on games including Call of Duty, Guitar Hero, Marvel Strike Force and Skylanders.
Galaxy Digital’s EOS VC Fund has led the round for Mythical. The $325 million fund, launched earlier this year, is focused on expanding the EOSIO ecosystem via strategic investments in startups building on EOSIO blockchain software. Javelin Venture Partners, Divergence Digital Currency, cryptocurrency exchange OKCoin and others also participated in the round.
Epic Games, the creator of Fortnite, raises $1.25 billion
It’s no surprise investors are getting excited about the booming gaming business given the success of Epic Games, Twitch, Discord and others in the space.
Epic Games raised a ..
In the wake of a fairly catastrophic behind the scenes glimpse into Facebook’s high-level decision making, one question remains: Who brought a controversial Republican opposition research firm into the fold?
In a long call with reporters on Thursday, Mark Zuckerberg denied any knowledge of his company’s own dealings with Definers Public Affairs, the firm in question. Definers Public Affairs is “an outfit of elite GOP operatives” specializing in opposition research — a cutthroat dark art that’s the norm in politics but anomalous in virtue-conscious Silicon Valley.
Zuckerberg denies knowledge of Facebook’s work with GOP opposition research firm
Founded by a Republican campaign manager lauded for his dirt-digging prowess, Definers is far from a normal, politically neutral contractor. For one, the company shares staff and office space with America Rising, its oppo research-focused PAC, as well as a right-leaning news aggregator called NTK Network that surfaces stories placed by the company’s other wings.
In one effort, Definers pushed back against Facebook critics with a narrative that linked the social network’s detractors to George Soros, the billionaire Democrat and frequent target of anti-semitic conspiracy theories.
Zuckerberg did not mince words about his attitude toward his company’s relationship with Definers. “I learned about this yesterday. In general, this kind of firm might be normal in Washington…. but it’s not the kind of firm that Facebook should be working with,” Zuckerberg said on Thursday, noting that Facebook had cut ties with the firm.
In her statement late on Thursday, Sheryl Sandberg denied any knowledge of the firm too, stating that she didn’t know about the work they were doing for Facebook but “should have.” In the predictably flimsy and characteristically late response, Sandberg denounced conspiracy theories targeting Soros as “abhorrent.”
While the company still hasn’t explained how Facebook tapped the Republican-led firm for crisis com..
I like E3 . I really do. But it’s also monumentally dumb: game companies spending millions to show off essentially faked content to an increasingly jaded audience. And it’s increasingly out of step with how the gaming industry works. So it should come as no surprise that Sony will be skipping the show more or less altogether this year, joining Nintendo in taking a step back from spectacle.
Sony has been a part of CES for 20 years and this will be the first one it’s ever missed. I’ve gone to their events every time I’ve attended; I was there for their historic putdown of Microsoft after the latter announced some hugely unpopular restrictions on used games. I think you can actually see me near the front in the broadcast of that one. (You can! I’m at 1:29.)
And E3 has been a part of Sony’s yearly cadence as well. Like other companies, for years Sony hoarded information to debut at E3, TGS, and Gamescom, but E3 was generally where you saw new consoles and flagship titles debut. But as even E3’s organizers have admitted over and over again, that’s not necessarily a good thing.
Too often we have seen half-finished games on stage at E3 that end up cancelled before the year is out, or commitments made to dates the companies can’t possibly keep. Assigning a complex, creative industry to a yearly schedule of major announcements is a great way to burn them out, and that’s exactly what’s happening.
Variety first noticed Sony’s absence from ESA communications. In a statement issued to multiple outlets, Sony said:
As the industry evolves, Sony Interactive Entertainment continues to look for inventive opportunities to engage the community. PlayStation fans mean the world to us and we always want to innovate, think differently and experiment with new ways to delight gamers. As a result, we have decided not to participate in E3 in 2019. We are exploring new and familiar ways to engage our community in 2019 and can’t wait to share our plans with you.
They won’t be alone. Ninten..
Stoop is looking to provide readers with what CEO Tim Raybould described as “a healthier information diet.”
To do that, it’s launched an iOS and Android app where you can browse through different newsletters based on category, and when you find one you like, it will direct you to the standard subscription page. If you provide your Stoop email address, you’ll then be able to read all your favorite newsletters in the app.
“The easiest way to describe it is: It’s like a podcast app but for newsletters,” Raybould said. “It’s a big directory of newsletters, and then there’s the side where you can consume them.”
Why newsletters? Well, he argued that they’re one of the key ways for publishers to develop a direct relationship with their audience. Podcasts are another, but he said newsletters are “an order of magnitude more important” because you can convey more information with the written word and there are lower production costs.
That direct relationship is obviously an important one for publishers, particularly as Facebook’s shifting priorities have made it clear that publications need to “establish the right relationship to readers, as opposed to renting someone else’s audience.” But Raybould said it’s better for readers too, because you’ll be spending your time on journalism that’s designed to provide value to the reader, not just attracting clicks: “You will find you use the newsfeed less and consume more of your content directly from the source.”
“Most content [currently] is distributed through a third party and that software is choosing what to surface next not based on the quality of the content, but based on what’s going to keep people scrolling,” he added. “Trusting an algorithm with what you’re going to read next is like trusting a nutritionist who’s incentivized based on how many chips you eat.”
So Raybould is a fan of newsletters, but he said the current system is pretty cumbersome. There’s no one place where you can find new newsletters to read, and yo..
Other films inducted into the National Film Registry this year are significant for their groundbreaking depictions of race, gender and class in America.
You’re probably going to get a better deal when you buy consumer products — like paper towels — wholesale, but at the same time you’re also buying a very, very large package of said consumer products. So, they might not always fit in your apartment. Wholesale goods are the primary play for a startup called Boxed, a retailer looking to play the sort of… Read More
It's an embarrassing setback for Trump. But the nominee had never tried a case, and earned a “not qualified” rating. Come on.
Crowdfunding service and Kickstarter-competitor Indiegogo is now offering an ICO service alongside its partner, MicroVentures. The company will allow users to participate in SEC-complaint ICOs and, like its slow-burning equity crowdfunding service, will pick and choose startups that match certain exacting criteria. These tokens sales will be SEC complaint and the sales are performed within… Read More
PDF documents are designed to look and behave exactly the same way on any device. That makes it a brilliant format for sharing, but editing them is another matter. Most office software and photo editors let you export documents in PDF format, but editing requires a dedicated tool.
That's because PDF was initially a proprietary format owned by Adobe, and it still owns some of the technologies associated with it. Other companies can license those technologies, but only for a fee that's u..
Just eight months after its last round of funding, events management platform Bizzabo has raised a $15 million Series B. The new round, which brings Bizzabo’s total funding so far to $30 million, was led by Pilot Growth Equity, with participation from Maor Investments and returning investors. Read More
The actress reveals in an op-ed that Weinstein's demands sent her into a “crying and convulsing” breakdown.