Next Archives - Top Crypto Game https://topcryptogame.com/tag/next/ The latest crypto news! Wed, 13 Jul 2022 11:21:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png Next Archives - Top Crypto Game https://topcryptogame.com/tag/next/ 32 32 LINE NEXT: $ 10 million deal with 10 big players https://topcryptogame.com/line-next-10-million-deal-with-10-big-players/ https://topcryptogame.com/line-next-10-million-deal-with-10-big-players/#respond Wed, 13 Jul 2022 11:21:52 +0000 https://topcryptogame.com/line-next-10-million-deal-with-10-big-players/ LINE NEXT has raised $10 million through a deal with 10 Web3 big names such as SoftBank Corp., NAVER, LINE Games, CJ ENM, SHINSEGAE, to expand into the NFT world.   LINE NEXT together with 10 big names to expand into the NFT sector LINE NEXT, a company of LINE dedicated to the NFT industry, has […]

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LINE NEXT has raised $10 million through a deal with 10 Web3 big names such as SoftBank Corp., NAVER, LINE Games, CJ ENM, SHINSEGAE, to expand into the NFT world.  

LINE NEXT together with 10 big names to expand into the NFT sector

LINE NEXT, a company of LINE dedicated to the NFT industry, has announced its partnership with 10 Web3 companies with whom it has raised $10 million. 

“LINE NEXT Announces Strategic Investment Agreement With 10 Partners: From SoftBank Corp., NAVER, CJ ENM to SHINSEGAE. LINE NEXT signed a strategic investment partnership with 10 big names to invest in the global NFT business and to expedite the cooperation in the launch of DOSI With a broader spectrum of IP content secured, NFTs issued through partnerships will be available on the DOSI marketplace in each brand store starting later this year, and so will the NAVER login and Naver Pay functions in the near future”.

Among the 10 big names are SoftBank Corp., NAVER, LINE Games, CJ ENM, SHINSEGAE and others who have decided to invest in LINE NEXT’s global NFT business. 

The new NFTs will be available on the DOSI marketplace by the end of the year. 

In this regard, Youngsu Ko, CEO of LINE NEXT, said:

“The key to expanding the Web3 ecosystem is to making NFTs based on users’ needs and delivering actual value. By publishing Asian contents to the global NFT market, the partnership will lead a new fandom culture and the mass adoption of NFTs”.

LINE NEXT and the launch of the NFT marketplace DOSI

The strategic agreement between LINE NEXT and the 10 Web3 biggies thus aims to launch DOSI, LINE’s global NFT platform, by providing commercial support and developing NFT projects based on their IP content.

Not only that, the investment includes new partnerships of LINE NEXT with content, distribution, gaming and entertainment companies that own and operate a wide range of IP, in order to spearhead the global NFT market.

LINE NEXT will also develop exclusive NFT projects with NAVER’s NOW. and CJ ENM using their entertainment IPs, such as DIA TV and Street Man Fighter, to diversify their content channels.

DOSI’s NFT marketplace will feature each of the brands of the 10 big investors, and to facilitate user participation in the NFT marketplace, LINE NEXT plans to link NAVER logins to DOSI Wallet and provide Naver Pay as one of the payment options for NFT purchases.

The latest news on the world of Non-Fungible Tokens

News about the world of Non-Fungible Tokens is increasing. Only today, in fact, it seems that in Italy, right after the $240,000 sale of Michelangelo’s Doni Tondo, the government decided to block NFT sales of Italian museum masterpieces.

On another note, STEPN’s NFT project claimed to have reached $122.5 million in profits in the second quarter of 2022. For that reason, the company also announced that it will begin its process of buying back and burning 5% of the GMT token by a couple of weeks. 

Another piece of news involves Reddit, the US social news company, which has launched its NFT Avatar marketplace on the Polygon blockchain for use as a profile picture. 



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]]> https://topcryptogame.com/line-next-10-million-deal-with-10-big-players/feed/ 0 Netflix acquires Next Games- The Cryptonomist https://topcryptogame.com/netflix-acquires-next-games-the-cryptonomist/ https://topcryptogame.com/netflix-acquires-next-games-the-cryptonomist/#respond Sat, 05 Mar 2022 00:46:19 +0000 https://topcryptogame.com/netflix-acquires-next-games-the-cryptonomist/ Netflix acquires the mobile games developer and publisher based in Helsinki, Finland, Next Games for €65 million. The global streaming giant is now expanding into the gaming sector.  Netflix to acquire Next Games for €65 million According to Michael Verdu, Netflix’s new Vice President of Games, the global streaming giant is ready to “develop games […]

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Netflix acquires the mobile games developer and publisher based in Helsinki, Finland, Next Games for €65 million. The global streaming giant is now expanding into the gaming sector. 

Netflix to acquire Next Games for €65 million

According to Michael Verdu, Netflix’s new Vice President of Games, the global streaming giant is ready to “develop games around the world” and is doing so by acquiring Next Games. 

Here’s the announcement from the Finnish game developer on Twitter:

“Netflix Announced Plans to Acquire Next Games”.

Next Games is the Finnish studio behind “Stranger Things”: Puzzle Tales, a story-driven puzzle role-playing game (RPG) inspired by one of Netflix’s most-watched series.

The deal involves Netflix paying €2.10 ($2.33) in cash for each share of Next Games, for a total value of about €65 million ($72 million). Both companies expect the deal to close in the second quarter of 2022. 

Netflix and Next Games to expand into gaming sector

Former Facebook employee Michael Verdu made statements on the matter:

“Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities. We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we’re just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world”.

Verdu also added that Helsinki is one of the home cities of the world’s best mobile game-makers. Due to its proximity to other European cities with great talent, it will also help bring in-house game development capabilities.  

Netflix’s goal is to establish a portfolio of world-class games – with no ads and no in-app purchases – that will be enjoyed by everyone around the world.

Teemu Huuhtanen, Chief Executive Officer of Next Games also said:

“We have had an unwavering focus to execute on our vision: to become the partner of choice for global entertainment businesses and craft authentic and long-lasting interactive entertainment based on the world’s most beloved franchises. Joining forces with the world’s largest streaming service, Netflix, presents an opportunity for a logical and exciting continuation of our strategy to craft interactive experiences for the world to enjoy. Our close collaboration with Netflix on Stranger Things: Puzzle Tales has already proven that together we create a strong partnership. This is a unique opportunity to level-up the studio on all fronts and continue on our mission together”.

JP Morgan’s analysis of the streaming giant

This choice by streaming giant Netflix to dive into the gaming sector could be the result of a downward trend it is experiencing. 

Doug Anmuth, an analyst at JPMorgan, released his analysis on Netflix whereby there had been a decline of 2.3 million new Netflix subscribers in the last quarter of 2021. 

Not only that, Anmuth also predicted a lowering of the user estimate for the first quarter of 2022, namely from 6.5 million to 5.5 million, also lowering the target price from $750 to $725. 

 



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