Ten Square Games said on Monday it plans to cut its workforce by 25%, or about 120 people, by the end of April and suspend two major projects, blaming a challenging economy and an unstable mobile games market.
U.S. prosecutors are looking for instances in which Apple Inc is unevenly enforcing rules for app developers such as gaming firm Roblox and some others, the Information reported on Monday, citing people familiar with the matter.
Demand for digital assets is set to grow as online virtual worlds become more popular but investors face some short-term risks, Animoca Brands' chairman and co-founder Yat Siu said in a Reuters panel on Wednesday.
South Korea's mobile and online game producers are luring players with services using non-fungible tokens (NFTs), jumping on a trend the firms see as the future of the sector and sparking a sharp rally in their shares in recent weeks.
As millions of gamers peel themselves away from TVs at home, analysts say Electronic Arts Inc should look to build a metaverse around its popular titles that can help the "FIFA 22" creator produce interactive experiences to keep players engaged.