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Navigating the Challenges and Trends in Game Development: Insights from the 2024 State of the Game Industry Report

The gaming industry in 2023 faced significant challenges, as highlighted in the recent report by Game Developer and the Game Developer Conference (GDC). The State of the Game Industry report for 2024, conducted by research firm Omdia, surveyed 3,000 game developers to provide insights into the current landscape of the industry. Key Findings from the Report: Adversity and Uncertainty: The report emphasized the adversity and uncertainty faced by game developers, with technology shakeups and workplace instability contributing to a challenging environment. Accessibility Options: While there was growth in accessibility options in games, developers expressed increased frustration with Twitter and divided opinions on returning to the office. Concerns about Layoffs: A significant 56% of respondents expressed worry about future layoffs, reflecting the ongoing concerns within the industry. Developer Insights: Roles and Studios: 34% of respondents identified their roles as game desig

NEAR Foundation Restructures Team: Insights into Strategic Shifts

The recent announcement of the NEAR Foundation downsizing its team by approximately 40 members marks a significant shift in focus for the entity behind the Layer 1 blockchain NEAR. This move comes as a result of an internal review that highlighted areas where the Foundation could be more effective. Despite the reduction in workforce, NEAR Foundation CEO Ilia Polosukhin reassured stakeholders that the NEAR Treasury remains robust, boasting over $285 million in fiat currency and 305 million NEAR tokens valued at over $1 billion.

Key Points:

  • NEAR Foundation downsizing team by around 40 members
  • Shift towards a more narrow set of activities after internal review
  • CEO reassures stakeholders of strong NEAR Treasury
  • Treasury holds over $285 million in fiat currency and 305 million NEAR tokens worth over $1 billion


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