Animoca Brands acquires Sandbox game developer Pixowl for $4.875 million

More firms are incubating companies as early-stage valuations rise. A few successes: • Snowflake ($49B mrkt cap) by Sutter Hill Ventures • Affirm ($6B mrkt cap) by HVF Labs • Hims & Hers ($1.3B mrkt cap) by Atomic Our latest Signature Block essay is on venture studios...

PayPal is rumored to be in advanced discussions to acquire Pinterest, the social media platform constructed around image sharing, at a price of $45BN. If the deal is consummated, it will be the highest-priced consumer internet acquisition of the last decade.

A recent partnership with Binance will also see some of these titles utilize Binance Smart Chain as their preferred blockchain infrastructure. At that point, we could see in-game NFT interest go truly mainstream. And of course, Cointelegraph expects to see more games announced for release in 2022 and beyond.

“A lot of people have been wanting some sort of game that takes place in a fantasy realm, or a science-fiction realm,” he told me. “They want it to be compatible with with other realms. They want to be able to build on top of that. They want to know that the items that they have will always be with them. [I was] just kind of building in that direct... See more