Embracer, the Swedish multinational video game holding company, is making headlines yet again with its recent move to sell off more of its assets. This time, it is the acquisition of Gearbox Entertainment by Take-Two Interactive, one of the leading publishers and developers in the gaming industry, in a deal worth a staggering $460 million.… Continue reading Embracer sell off more assets with Gearbox being acquired by Take-Two for $460m
Category: assets
Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?
The DeFi world is undoubtedly changing the way users interact with financial services. Now, more than ever, the possibilities for novel approaches to financial services and investments are opening up. But with this potential comes risk. That’s why it’s so important that governments step in to create a legal framework for DeFi services. This is… Continue reading Will the Law Commission’s digital assets final report make the UK a DeFi jurisdiction of choice?
Avalanche wants to digitize all of the world’s assets on the blockchain
In what could potentially be a revolutionary development, the Swiss energy and financial services firm Avalanche has announced plans to digitize all of the world’s assets on the blockchain. The company has stated that it envisions a future where all financial, legal, and contractual obligations are “digitally ruled and recorded” using blockchain technology. What this… Continue reading Avalanche wants to digitize all of the world’s assets on the blockchain
Embark Trucks lays off workers, explores liquidation of self-driving truck assets
The news of Embark Trucks laying off its workforce and exploring the potential liquidation of its self-driving truck assets made waves in the tech world last month. The Silicon Valley-based trucking firm, which claimed to be working on the development of the world’s first self-driving trucks, had raised over 80 million dollars in venture capital… Continue reading Embark Trucks lays off workers, explores liquidation of self-driving truck assets
NEA now manages over $25 billion in assets — oh, and it’s looking beyond venture
In recent news, the National Endowment for the Arts (NEA) announced that it now manages over $25 billion in assets and is looking forward to even wider-reaching investments. The National Endowment for the Arts has been established for over five decades, with a mission to support the greatest diversity of exceptional, high-quality art and artistic… Continue reading NEA now manages over $25 billion in assets — oh, and it’s looking beyond venture
Coffee makers and statues: Twitter starts auctioning off assets from its San Francisco headquarters
When Twitter announced that they were leaving their San Francisco headquarters and moving to a new campus earlier this year, many were surprised that the tech giant was leaving their hometown in favor of smaller satellite offices. But now, Twitter is trying to make the most of their move by auctioning off some of the… Continue reading Coffee makers and statues: Twitter starts auctioning off assets from its San Francisco headquarters
Y Combinator-backed Poly uses AI to generate art assets
AI is quickly becoming a major part of the creative process, and one company is leading the way. Poly, a Y Combinator-backed startup, is promising to provide “world-class artwork with minimal effort” by combining the power of artificial intelligence with traditional design elements. The company, which was founded in 2018 by Scarlett Santello, Tyson Lozensky… Continue reading Y Combinator-backed Poly uses AI to generate art assets
Investors’ flight to safety and regulation creates tailwinds for passion assets
Investors looking for a safe haven in the tumultuous market of today are increasingly turning to alternative investments such as art, antiques, wine and other passion assets to safeguard their wealth. This flight to relative safety and increasingly stringent regulation of traditional investments has resulted in significant tailwinds for the passion asset market. The highly… Continue reading Investors’ flight to safety and regulation creates tailwinds for passion assets