GameFi News July 11, 2022 Kongregate snaps up mobile developer Gamaga as part of its expansion into blockchain gaming Modern Times Group-owned company Kongregate has announced an acquisition of Chilean mobile studio Gamaga. The deal should help it expand its blockchain capabilities, including the development of Web3 games.
GameFi News July 11, 2022 Shanghai to establish $1.5 billion fund to help launch 100 metaverse products by 2025 Shanghai’s government has announced it plans to establish a $1.5 billion fund dedicated to metaverse development. The initiative is supposed to accelerate China’s economic recovery through supporting companies working in this area.