GameDev musings, weekly round-up 💸 May 3rd week

Hey Friends, Greetings from Bangalore 💗

🔊 Shout out to new studios, game funds… 🕹️ May 3rd week round-up on investments 💸

1. Former King team raises $3 million to bring Bitcoin to mobile gaming

2. Twitch cofounder Kevin Lin’s Metatheory raises $24M for blockchain games

3. Behaviour Interactive acquired Midwinter Entertainment

4. N3TWORK Studios secures $46 million for Web3 games

5. Saudi Arabia’s PIF acquires 5% stake in Nintendo

6. Azra Games raises $15M to take Web3 games to mainstream gamers

7. Skybound Entertainment secures fresh investment from Hiro Capital, Knollwood Advisory

8. Hyperlab has raised its valuation to $7.5 million following a round of seed funding

9. Former Codemasters, Jagex execs establish a new studio

10. Tappx acquires Fantasy Manager developer From The Bench

11. Pixion Games raised over $4m to make ‘play-to-own’ battler Fableborne

12. Virtuos expands in Vietnam with the acquisition of art studio Glass Egg

Cartic P, @iCartic