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State Of Decay Studio Undead Labs Reportedly At Risk Of Closure

State Of Decay Studio Undead Labs Reportedly At Risk Of Closure https://ift.tt/qf41HSp Amid reports that Microsoft is planning massive layoffs in its Xbox gaming division, first-party studios like Double Fine, Compulsion Games, and Ninja Theory have been rumored to be in talks to avoid total closure. Now, State of Decay developer Undead Labs is said to be facing the same fate if a potential buyer can't be found. According to GamesBeat and Windows Central , Undead Labs is one if the studios that Microsoft may unload following the end of its current fiscal year on June 30. What makes this move so surprising is that Undead Labs' State of Decay 3 has been given a promotional push by Xbox, including a new trailer that debuted earlier this month. That title is believed to be nearly finished, and it's unclear if State of Decay 3 will even be released if Undead Labs closes beforehand. Bloomberg's Jason Schreier offered some clarification about the studios reporte...
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Microsoft Buys Into Korean Blockchain Game Company

Microsoft Buys Into Korean Blockchain Game Company https://ift.tt/4kuJ1Tz

Wemade, the Korean blockchain-focused studio behind the Mir series of MMOs, has announced that its most recent investment round raised $46 million from a number of companies, including Microsoft, VGC reports. Microsoft has invested $14.8 million in Wemade by purchasing convertible bonds.

Korean studio Wemade was founded in 2000 to develop PC and mobile titles, including the MMO Legend of Mir. As of 2018 the company started to develop blockchain technology, resulting in the launch of a blockchain mainnet called Wemix.

Wemade launched its latest title Mir 4 with blockchain support, including in-game NFTs and its own token called DRACO. The company bills its latest title as "the world’s first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018," though its ambitions extend beyond the world of Mir and into the games industry at large. The company says it aims to "transform everyday games with blockchain technology and establish its Wemix coin as a key currency in the blockchain gaming space."

Continue Reading at GameSpot
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