Gaming

Chinese multinational technology and entertainment conglomerate Tencent has increased its stake in French gaming firm Ubisoft to 9.99 percent from 4.5 percent. Tencent is paying €300 million ($297.19 million), including €200 million ($198.13 million) share acquisition and €100 million ($99.06 million) capital increase, to Guillemot Brothers for 49.9 percent…

Soon, AI will assist game developers in creating realistic worlds that don’t cost as much as a Hollywood blockbuster. For instance, it can take dozens of hours for a game artist to create a single building or vehicle, costing thousands of dollars.

Hong Kong-based Tencent Holdings Limited and Japan-based Sony Group Corporation have acquired 30.34 percent stake in Japanese game developer FromSoftware for 36.4 billion yen ($259.48 million).

Animoca Brands and its subsidiary Lympo, a leading global sports non-fungible token (NFT) ecosystem, announced Monday that they are developing Anichess in partnership with Play Magnus Group (PMG), a global leader in the chess industry that offers entertainment and e-learning services via its chess market brands.

Increasingly adopted in the NFT sphere, developers can revert to smart contracts behind the system currently in play, using it as a basis for fixes to vulnerabilities.

Mighty Bear Games, a Singapore-based multi-platform game development studio, announced Tuesday a $10 million round to launch its blockchain division and develop a series of immersive AAA web3 games that are novel, fair and thoughtful. The round was led by Framework Ventures.

Cake DeFi, Asia’s fastest growing cryptofinance platform dedicated to providing access to decentralized financial services, has announced on Friday a market-leading partnership with Razer Silver, a loyalty rewards program for gamers, backed by Razer Inc, the world’s leading lifestyle brand for gamers.

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, announced Tuesday that it has completed a capital raise of $75.32 million. Investors in the round included Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic…

Meta Hollywood, the largest virtual community for movie lovers, studios, and creators, which was launched by Animoca Brands in partnership with the Planet Hollywood Group (Planet Hollywood), announced Wednesday a new partnership with The Sandbox, a decentralized gaming virtual world and a subsidiary of Animoca Brands, to develop a first-of its-kind virtual…

Klang Games, an innovative game development studio based in Berlin, announced Wednesday the completion of its Series C funding of $41 million, increasing its total funds raised to nearly $80 million. The funding round was co-led by Animoca Brands and Kingsway Capital, with participation from Anthos, Novator, Supercell, Roosh, AngelHub, and New Life…