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VC fund Play Ventures has announced it closed a $135 million funding round, which will go towards investment in game studios. This is the second round going towards the company's Play Ventures Fund, which has so far invested in 24 game companies in ten countries, the announcement said. Play Ventures also announced the first investment coming from the new round of funding, going towards Indian startup All Star Games. Games Beat reported last month that the studio had raised $1.5 million to develop sports games on mobile. This new funding round brings Play Ventures' total to date to $175 million, having raised $40 million in August 2019. The company was founded in December 2018, and received investment from the likes of Modern Times Group and Rovio.
Today, Ubisoft announced the acquisition of GameBlocks, a middleware developer for server-side software for game studios. With this acquisition, Ubisoft subsidiary i3D.net plans to integrate GameBlocks’ proprietary FairFight® anti-cheat system and player statistics into its ONE Game Hosting Platform. GameBlocks was founded in 2012 and specializes in anti-cheat, gameplay management and performance monitoring software for game studios. Among their software suite is Fairfight®, a non-invasive, customizable, server side anti-cheat engine using agnostic technology that operates in real time. Contrary to other anti-cheat solutions, Fairfight® uses GameBlocks’ proprietary GameChanger™ rule engine and database structures to evaluate players gameplay actions to make the game fair for everyone.
Links between loot boxes and gambling have been "robustly verified" by a new report commissioned by GambleAware, a UK charity aiming at reducing gambling-related harms. The report, conducted by the University of Plymouth and the University of Wolverhampton ahead of the upcoming Gambling Act review, consolidated results from a dozen studies and found that loot boxes are "structurally and psychologically akin to gambling." Looking at 7,771 loot box purchasers, the report showed around half of the revenue generated by loot boxes -- worth £700 million total in the UK in 2020 -- comes from 5% of buyers.
Gamestop sparked a frenzy on Reddit that lit up TikTok. The dizzying rally for the game retailer’s stock that followed helped establish social media as one of the most popular sources for financial information, tips and advice, particularly among Gen Z, according to a new CreditCards.com report — second only to friends and family for the 18-to-24 cohort. In fact, Gen Zers are nearly five times as likely to say they get financial advice — including stock tips — from social media as adults in their 40s or older, the report found. Among teenagers, nearly half are learning about investing from social media despite ranking it as one of the least trustworthy sources for investing advice, according to a separate survey by Greenlight, which provides debit cards and savings accounts for kids.
Jimmy Fallon, the host of The Tonight Show, will make his Twitch streaming debut tomorrow April 6 at 3:45 pm PT/ 6:45 pm ET when he and a few celebrity guests will play Among Us on The Tonight Show's official Twitch channel. Fallon will be joined by members of The Roots Questlove, Tariq Trotter, and Kirk Douglas as they play Among Us with Stranger Things stars Noah Schnapp and Gaten Matarazzo. Also appearing are Among Us community director Victoria Tran and streamers Corpse Husband, Sykkuno, and Valkyrae. The group will play the new Airship map in Among Us which was released on March 31. The stream will premiere tomorrow on Jimmy Fallon's Twitch channel and portions of the show will air next week on The Tonight Show.
This past March, I decided to do a charity stream on Twitch, raising funds to support Asian Americans, in a moment when the community needed support. I managed to raise some money, and it wasn't that complicated — once I figured out how. So, I thought I would explain what I did, and the ways others are raising money online, because anybody can do it. It can often feel like your social media feeds are an endless sea of GoFundMe projects, and the headlines are filled with news about those who could use a helping hand. But the good news is that (practically) anyone can raise funds with a live stream that helps others. Once you know how to stream on Twitch, you're halfway there. So let's walk through the rest of the information you need to help people out with a live stream on the internet.
Simplicity Esports and Gaming Company (OTCQB:WINR) (“Simplicity Esports”), announced that it has acquired the assets of a gaming center previously owned by a PLAYlive Nation franchisee in Vancouver, WA. The location was originally opened in 2013 and has a database of over 17,000 unique customers. The Vancouver gaming center is expected to reopen in mid April. Last week Simplicity Esports also announced multiple deals including a sponsorship and sublicensing agreement with its Brazilian subsidiary, Flamengo Esports totaling $200,000 USD.
The Golden State Warriors and Chase Center have announced a multi-property collaboration with The Clorox Company that will include GSW’s esports operations in Golden Guardians and Warriors Gaming Squad. As a result, Clorox will become the official disinfectant product of both organizations. In addition to activations across other GSW properties, Clorox will receive logo placement on Golden Guardians player jerseys and branding placement during Warriors Gaming Squad matches. Earlier this year, the Golden Guardians organization was also packaged into a deal the Golden State Warriors signed with Align Technology for its Invisalign brand.
Activision confirmed that it will be running a global esports competition for Call of Duty: Mobile in 2021. Call of Duty: Mobile, which was released in September 2019, launched its inaugural esports tournament with the World Championship last year. It was presented by Sony and had a $1 million prize pool. The tournament’s plans were disrupted, however, due to the COVID-19 pandemic. While the qualifiers and regional playoffs could be played online, the World Championship Finals were canceled in December 2020 due to COVID-19 concerns. Activision had initially planned to hold the event in Los Angeles, according to Liquipedia.
The Esports Integrity Commission is working in partnership with US authorities, including the FBI, to investigate match fixing in Counter-Strike: Global Offensive. That's according to Ian Smith, the integrity commissioner of the ESIC, talking to YouTube channel Slash32. He indicated that there is an ongoing investigation regarding a "relatively small but significant group of players'' who "organised match fixing in North American [Mountain Dew League]" for a "long period of time." Smith said, as reported by Kotaku Australia: "[It's] what I would describe as classic match fixing -- players being bribed by outside betting syndicates in order to fix matches, rather than players just doing it off their own bat opportunistically, and it's being going on for longer, it's much more organised.
Esports data platform GRID has announced a partnership with Russian esports tournament organiser Epic Esports Events. As a result of the agreement, GRID will provide its data distribution services to Epic Esports Events tournaments, including its recently launched Dota 2 Champions League series. According to the release, GRID aims to ensure that data within Epic’s events are securely distributed, meanwhile the platform’s solutions will also be utilised to create content, such as visual additions, to the tournament organiser’s Russian broadcast. The data-driven content will also be available on TEBTV’s English broadcast.