Gaming has been one of the most prominent crypto applications — creating new gaming models. Axie Infinity popularized the concept of play-to-earn — earning crypto tokens for playing a game. Here’s where innovation is taking us next… The next iteration of crypto-gaming: move-to-earn …letting players earn crypto tokens for exercising. With over 300K users, STEPN…
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Microsoft buys the dip by acquiring Activision
Yesterday, Microsoft acquired Activision for $68.7B — sending its stock up 26%. What’s the big deal? This is the largest gaming acquisition ever — 5x more than the next largest by Take-Two acquiring Zynga last week for $12.7B. This may be one of the best outcomes for Activision investors amid sexual harassement lawsuits and employee…
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Take Two acquires Zynga in the mobile gaming gold rush
Gaming giant, Take-Two Interactive (NASDAQ:TTWO), is acquiring mobile game developer, Zynga (NASDAQ:ZNGA), for $12.7B — 64% higher than its previous day’s trading price. What’s the big deal? The mobile gaming industry is growing rapidly — and game makers are investing heavily into mobile gaming with large acquisitions. This deal is one of the largest gaming…
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Crypto reinvents gaming with play-to-earn model
For years, crypto struggled to be anything but a speculative investment. But that’s changing as crypto entrepreneurs combine crypto with breeding digital monsters — and letting users get paid for it. Play-to-earn (P2E) games became one of the biggest crypto trends of 2021 — seeing a rush of investor interest and soaring token prices. Every…
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Activision Blizzard in free fall from PR nightmares and slowing growth
Activision Blizzard is in the middle of a company crisis — but investors have reasons to believe these are short-term issues. What’s the big deal? In February, nearly every sector benefiting from COVID took a hit — including gaming stocks. But one of the largest gaming creators, Activision Blizzard — owner of hit franchises like…
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Acquisition rumors heat up with mobile gaming companies
Investors want one of two things: to have their stocks turn into meme stocks, or get acquired for a big premium. In the gaming industry, acquisition rumors are louder than ever. Too big to ignore: Mobile gaming With 55% of US residents gaming during COVID, the gaming industry experienced massive growth. One area grew particularly…
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Unity Software delivers strong earnings and receives a buy upgrade
Going outside is highly overrated, try the virtual world. Unity ($U), the software company providing tools to build a virtual world, released its earnings on May 11, receiving a buy upgrade from Stifel on its strong results: $234.8m in sales — up 41% compared to the 1st quarter of 2020. $110m in net loss —…
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Zynga’s turnaround comes to an end and moves into growth mode
Everyone loves a comeback story — this one’s about Zynga, the mobile game creator. On Feb. 10, Zynga reported its fourth-quarter earnings report: $616m in sales up 61% from the previous year 36m average daily mobile users, growth of 77% from the previous year The era of mobile gaming Mobile gaming grew to an $85b…
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Roblox, the tween gaming platform, files its IPO — here’s everything you need to know
If you’re a parent during COVID, there’s a high chance you’re subsidizing your sanity by funding your kids’ Robux in the virtual game, Roblox. On Nov. 19, Roblox filed for its IPO with plans to list on the New York Stock Exchange under the ticker “RBLX”. This IPO is expected to debut in December, date…
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