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Zoth Raises $2.5M to Transform Finance with RWAs

Zoth: Bridging Liquidity Across TradFi and OnchainFi In an era where the integration of traditional finance (TradFi) and decentralized finance (DeFi) is paramount, Zoth emerges as a game-changer. The recent announcement of their $2.5 million funding round marks a significant milestone in their mission to provide sustainable yields backed by real-world assets (RWAs). This development sets the stage for a multichain stablecoin ecosystem that promises to deliver native sustainable yield to the DeFi landscape. Funding Round Highlights Lead Investor : Blockchain Founders Fund Participating Investors : Borderless Capital Mindfulness Capital YAP Capital Momentum6 Singularity DAO Aztlan Capital Outlier Ventures Decubate Wormhole Ecosystem Fund Notable angel investors from Huma Finance and Circle Zoth’s funding round is not just about capital; it includes a strategic partnership with the XDC Network blockchain, enhancing the efficiency and transparency of handling RWAs. T...
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Produced by Daniel Aharonoff & Mogul Media AI

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 design, with 32% working for independent studios compared to 18% at AAA studios.
  • Platform Preferences: Over 60% of developers reported working on games for PC, with 35% for PlayStation 5 and 34% for Xbox Series X|S. The majority expressed interest in creating games for PC, PlayStation 5, and the Nintendo Switch successor platforms.
  • Game Engines: Unity and Unreal Engine emerged as the top game engines used by developers, each garnering 33% of responses, while 14% reported using proprietary game engines.

Industry Trends:

  • Web3 and Blockchain: While Web3 games are being developed, the report indicated a decline in interest in blockchain technology, with over 77% of developers stating they are not interested in this area.
  • Artificial Intelligence: The surge in interest in artificial intelligence following the launch of OpenAI's GPT-4 saw several game studios, including Blizzard Entertainment, Square Enix, and Ubisoft, leveraging the technology for game development.

In conclusion, the 2024 State of the Game Industry report provides valuable insights into the challenges and trends shaping the gaming industry, offering a comprehensive view of the current landscape for game developers to navigate.

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