Developers from Capcom, Riot Games, Ubisoft and other studios have formed a new indie team in Pahdo Labs. Based in New York and Vancouver, the team has raised funding from several investors, including Andreessen Horowitz, Global Founders Capital, and BoxGroup. According to the firm's LinkedIn profile, key personnel include the CEO Daniel Zoucreative director Alijah … Read more
PUBG owner Krafton has invested KRW 120 billion ($89 million) in short-form video platform Spoon Labs. press release He stressed that this is the largest investment Krafton has ever made in a “non-gaming” sector. Spoon Labs owns Spoon, a global audio platform that lets users listen to streamers or broadcast their own content. The South … Read more
Mobile publisher Zynga has canceled its web3 game, Sugar CityOver the weekend, it revealed that it had sold “all the products and assets” of the title to developer web3 D20 Labs. Zynga was first revealed Sugar City last year, joining several studios of the time (such as Saw AND Enix Square) in adopting web3 and … Read more
What can we say about Reality Labs at this point? The struggling AR, XR, and Metaverse division continues to double as a cash-hungry furnace within parent company Meta. The company lost $4.5 billion in its second quarter ended June 30, 2024. That's significantly higher than the $3.7 billion loss it posted in the same period … Read more