Game Developer Sky Mavis Raises $150M in Funding Round for Axie Infinity
By Tolu Ajiboye
Sky Mavis has concluded an investment round for its Axie Infinity game, that now values the company at $3 billion and puts Axie at $30 billion.
Gaming News
Explore the latest news from the world of gaming that include reviews of the most exciting releases, coverage of the major updates and key related topics 
Tencent, NetEase Stock Prices Dip as Chinese Regulators Double Down on Gaming Restrictions
By Tolu Ajiboye
Some gaming companies are concerned about how the new restrictions might affect their bottom line.
Tencent, NetEase Stocks Down following China’s Restrictions on Minor Online Gaming
By Sanaa Sharma
While the recent updates by Chinese authorities have affected the companies as of now, analysts assess that this directive might not have a very significant impact on China’s gaming giants as such.
Microsoft to Bring Cloud Gaming Services to Xbox Consoles by Year End
The switch to bring cloud gaming products to its Xbox consoles is a move that can impact the revenue potential of Microsoft in the mid to long term respectively.
JD.com Plans to Indulge in Gaming Products Space
By Sanaa Sharma
Elaborating on the company’s plans for gaming, president of JD Mobile Devices Daniel Tan said that eventually, they want to create a place where everything related to gaming can be made available.
PTON Stock Up 7%, Peloton Set to Venture Video Game Business
The new idea is to venture into the video gaming business to help Peloton diversify into more revenue returning avenues amid Covid-19 market recovery.
Netflix Dives into Video Games to Entice More Subscribers, NFLX Stock Up 2% in Pre-market
By moving into game developments, Netflix believes that this would be another way of luring new subscribers and also keeping the old ones.
Blockchain Gaming Firm Gala Games Partners with Binance Smart Chain
By Kofi Ansah
Gala Games in a statement revealed that the greater degree of control over the gaming experience is vital to the company’s core mission of empowering users.
eGame Forms Alliance with Jasmy
By Andy Watson
eGAME is ready to take place AMA (ask me anything) with engineers and Jasmy at the official eGame Telegram Community.
Discord Acquires Ubiquity6, Takes Over Backyard and Other Apps
After raising approximately $38 million from investors, augmented reality (AR) startup Ubiquity6 has been acquired by gaming chat app Discord.
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With estimation pointing to a total market capitalization of 300 billion USD by 2025, the gaming industry is one that is rapidly growing and garnering the interest of several investors and tech stakeholders alike. With over three billion gamers across the globe, one can only expect the gaming and casino platforms to grow even bigger in the coming years.
Gaming is often categorized under the entertainment industry as many see both as a means of having fun. For example, Sony’s Playstation consoles offer a combination of video games, music, videos, internet, streaming, etc.
Since there are so many online games whose registration happens to be absolutely free, one would think that the gaming companies are not making much revenue off such games when users play. But that’s not the case, these firms have devised several means of making money through the purchase of in-play gems, coins, and other items.
Other than the predictable and great development of the gaming world, it is intriguing to take note of the fact that there has been a change in sources of income in the business recently. The casino and gaming business used to make the vast majority of its funds from online games, but has seen its income originate from an alternate means and point of view lately.
In the U.S., which boasts of being the biggest computer game market in the globe, the game industry was valued at about 18 billion dollars in 2017 and recorded over 2,450 firms of over 200,000 employees.
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