Seems last week's Facebook/Meta announcement has accelerated Metaverse interest and adoption with the speed of light. Leading to big surges in existing Metaverse coins and many companies feeling the urge to share their plans and secret projects with the world.
Enjoy this 10th issue of Metaweek.ly 🍾
Trends & Game Changers
Ubisoft to Invest in and Create Blockchain Games
Ubisoft, one of the world’s largest video game companies — responsible for creating popular franchise games such as Assassin’s Creed, Far Cry and For Honor — hosted its Q2 earnings call this week, where blockchain games were a key topic of discussion.
Decentraland’s MANA Jumps 80% as Facebook Rebrand Fuels Metaverse Bets
Decentraland’s MANA has surged 80% to a market capitalization of more than $2 billion. The jump in the virtual world’s token apparently spurred by Facebook’s announcement it is changing its corporate name to Meta to signal an increasing focus on the metaverse.
Electronic Arts Calls NFT and Blockchain Games ‘the Future of the Gaming Industry'
EA CEO Andrew Wilson called NFT and "play-to-earn" games the "the future of the gaming industry," but added that "it's still early to figure out how that's going to work," when asked about the topic during the company's earnings call this week.
Who Will Rule The Metaverse? The Battle For Our Future Digital World
A complex battle is raging for control of a future world that few understand, but that could shape our lives in years to come. While the early metaverse can appear to a first-time visitor as awkward, even silly, massive investment and new technologies are bringing a far more sophisticated version suddenly within reach. The critical question we now face: Who will control it? Will the metaverse be owned by corporations, or will it be open and decentralized like the underlying infrastructure of the Internet?
Facts & Figures
The Sandbox Receives $93 Million to Fund Creator Economy
The virtual gaming world of The Sandbox has received $93 million through an investment round led by SoftBank, and they will use this to grow their creator economy. They want to grow their development team, support content creators with funding and involve more brands into their gaming universe.
How Four NFT Novices Created a Billion-Dollar Ecosystem of Cartoon Apes
Just last year, the four thirtysomethings behind Bored Ape Yacht Club were living modest lifestyles and working day jobs as they fiddled with creative projects on the side. Now, they’re multimillionaires. This is their NFT success story.