Business of games: 6 biggest funding rounds and trends from last week

Nov 4th week

Hey Friends, Greetings from Bangalore 💗

Investment news update, from Nov 4th week:

1. NetDragon invests $20 million in Rokid to target Metaverse opportunities

2. Layer AI seed round raises $1.8M to bolster generative game art production

3. Toge Productions acquires Mojiken Studio

4. Ubisoft teams up with Animoca Brands on Web3 metaverse Mocaverse

5. Saga raises $5M more in seed funding for Web3 protocol development

6. Sleek raises $5M for Web3 social networking

Top Trends:

1. Ubisoft might be testing in-game ads integrated into Assassin’s Creed gameplay, drawing criticism from players.

2. GameMaker is now free for non-commercial purposes

3. Sam Altman back at OpenAI as the CEO again

4. Sega is looking to acquire more studios

5. ByteDance Fires Hundreds, Slashes Games Arm in Major Retreat

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