The big news this week is CCP Games' MBO, rebranded as Fenris Creations and backed by Google DeepMind.
- [00:32] Fenris Creations (ex-CCP Games) has gained independence from Pearl Abyss for $120 million.
- [02:26] Pearl Abyss originally bought the company for $225 million in 2018.
- [03:26] Why CCP and Pearl Abyss were an awkward fit, culturally and corporately.
- [04:35] Pearl Abyss now has very successful games such as Crimson Desert so doesn't need CCP.
- [05:28] Fenris still owes Pearl Abyss $50 million for a loan.
- [06:52] CCP/Fenris has been loss-making for many years.
- [07:07] $60 million of EVE Frontier tokens have now been sold to investors.
- [07:47] The original unanswered questions around the deal - debt, operational capital etc.
- [10:28] Google DeepMind now has a minority stake in Fenris Creations.
- [11:30] Why DeepMind is interested in EVE Online as a learning environment for AI models and agents.
- [12:50] Long-term memory for agents is of particular interest.
- [13:50] Why DeepMind is a major credibility boost for the newly independent company.
- [14:48] DeepMind potentially reframes EVE Frontier’s significance as a blockchain game.
- [17:00] FIFA Rivals has launched its World Cup Legacy mode.
- [20:10] The Legacy mode allows people to play through the past 4 world cups and collect players.
- [23:30] Legacy players allows Mythical to better control the supply of rare NFTs.
- [24:35] Animoca Minds has launched a $10 million developer program.
- [30:49] Animoca has extended the exclusivity period for its reverse Nasdaq listing process.