Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Broadcasting live from RDC in San Jose ahead of David Baszucki's opening keynote, with notes from a dinner with Roblox developers the night before

• OpenAI's Astra release and why sentiment on frontier models swung back so quickly, including what implied valuations did in a week and the 10,000 agent swarm behind OpenAI's claimed Navier Stokes result

• The Blender to Unreal Engine 5 pipeline: rapid prototyping, automated asset pipelines, world building, and whether plugging the full game development workflow together is a watershed moment

• The developer counterpoint on generative art: prototyping speed is a real win, but labeling, watermarking, and how audiences value entertainment made this way are open questions

• Does AI kill the engines or augment them? Why easier interoperability between Blender, Unreal, and Unity may answer the question investors ask most about Epic

• Tim Sweeney's long standing position that AI is a tool to embrace, and his warning about the cost of vilifying studios that use it

• The safety debate after an Anthropic alignment lead put the odds of AI killing all humans above 10% within a decade, plus the case that tail outcomes on both sides are extreme

• What Roblox developers actually said at RDC: games built in 15 minutes, why live ops iteration and community feedback still decide quality, and new pet weekends coming to Dress To Slay

#GameSouk #Roblox #RDC26 #AI #GameDev #UnrealEngine #OpenAI #UGC

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Meta agreed to pay up to $17.1 billion to settle teen social media addiction claims from 47 states, DC and US territories, ending a federal trial days before Mark Zuckerberg was set to testify. Florida and New Mexico opted out.
• The deal brings daily time caps, night mode, no school hour notifications and limits on like counts. Roughly $5.3 billion is contingent on TikTok and YouTube adopting the same framework.
• Why age verification is the real story for gaming: Mike Edwards notes the settlement never names a mechanism for proof of age, unlike the EU, which requires photographic proof.
• Netflix is reportedly in talks with Peacock and Fox One about carrying rivals inside its app, per The New York Times. The panel argues Apple is the quiet winner, holding both the platform layer and the strongest content slate.
• Yahoo Sports reported it now takes 10 subscriptions and close to $1,000 to watch a full NFL season.
• With Sony ending PlayStation disc production in January 2028, Xbox used Gamescom to announce a disc to digital program for supported Xbox One and Series X|S titles, with Insider testing from August 31.
• AdHoc Studio, whose Dispatch won three BAFTAs and passed three million copies, opened preorders for physical editions and a three record vinyl soundtrack from Lost In Cult Records.
• Discord's Social SDK is now generally available on iOS and Android. Internal data across 15 plus PC titles shows a 31% lift in retention, up to 47% in session length and up to 57% in game launch days. Partners include Tencent, Scopely and Ninja Kiwi.
• Salesforce posted Agentforce ARR past $1.5 billion, up 240%, plus a $2.6 billion gain tied to its Anthropic stake, and unveiled Claudeforce. NVIDIA reported $96.2 billion in revenue and guided fiscal 2028 growth of 70%, with Jensen Huang saying the constraint is supply, not demand.

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• The SEC proposes Regulation Crypto Assets, its first rulemaking for crypto offerings, with exemptions up to $5 million and $75 million and a safe harbor from investment contract status.
• A perfect storm for crypto: Bessent doubles the long end buyback cap to $4 billion, Bitcoin clears its 200 day moving average toward $70,000, and roughly $3 billion in shorts liquidate.
• Trump names Hyperliquid at the White House, saying the CFTC is working to bring the perps venue onshore, as Coinbase routes its markets into Base App at up to 50x leverage.
• Fortnite Chapter 7 Season 4 Override launches on a Gaming Legends theme, with Sonic headlining the Battle Pass alongside Tetris, Mega Man, and Persona 5, plus Roblox title 99 Nights in the Forest.
• Disney links Millennium Falcon: Smugglers Run to a new Fortnite island, Smugglers Gambit, where riders who connect MyDisney and Epic accounts carry their in park performance into the game.
• Hot Toys becomes exclusive collectibles sponsor of the Fortnite Global Championship, and Mattel forms Mattel Game Studios to build on Roblox and Fortnite after buying out Mattel163.
• Ampere Analysis console data shows Roblox surging past Fortnite behind Grow a Garden and Steal a Brainrot, then declining after Q4, with Fortnite back to roughly 16 hours a month in July.
• Apple tells the district court it should charge 15% on link out purchases, while conceding the Ninth Circuit's necessary costs standard would put the number near zero.
• Meta's trial with 29 state attorneys general opens in Oakland, with youth gating implications the gaming industry is watching.
• Stripe agrees to buy OpenRouter for more than $7 billion while pursuing PayPal, and Anthropic posts Q2 revenue above $11.5 billion against OpenAI at $6.7 billion.

#GameSouk #Fortnite #Roblox #Crypto #Apple #AI

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• New UGC platforms arrive: PUBG, GTA, and Nexon build creator tools, but only Roblox and Fortnite pay on engagement and let studios sell digital items

• Why creators like KreekCraft stay loyal to the games that made them, and what that means for true platform power

• Epic vs Apple: Judge Yvonne Gonzalez Rogers denies Apple's stay and orders a proposed fee within 24 hours as the 5pm deadline looms

• Are movie theaters back? Gen Z moviegoing data, The Odyssey and Spider Man, and how theaters court younger crowds with pickleball, bocce, and axe throwing

• Paramount pledges 30 theatrical films a year if the Warner Bros deal closes, as a coalition of state AGs moves to block it

• Europe's new AI rules on watermarking and disclosure, and why labeling everything could backfire

• NVIDIA moves to mobilize over $500 billion for AI infrastructure, with Blackstone and others funding the build

• From CapEx to OpEx? Jensen Huang says in AI, compute is revenue, plus Anthropic IPO and Decart talk

#GameSouk #Roblox #Fortnite #UGC #EpicGames #Apple #MovieTheaters #GenZ #AI #NVIDIA #Anthropic

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Roblox Q2 earnings: withdrawn full year guidance, DAUs down to 123 million from their 2025 peak, and the fallout from age verification and new safety changes
• Why investors and the community are both unhappy at the same time, and what that tension means for the platform
• Roblox tilting its algorithm toward AA and AAA games and rewarding day seven and day 28 retention: the "grow up" push and the native developer challenge
• Why celebrities and IP keep misreading Roblox economics, from bbno$ in +1 Speed Keyboard Escape to Bruno Mars in Steal a Brainrot, versus the paydays on Fortnite
• The wider UGC landscape: Roblox, Fortnite, and Minecraft, plus how Minecraft's Java and Bedrock show open and closed ecosystems side by side
• New entrants circling UGC: Grand Theft Auto and Krafton's new PUBG Playgrounds platform
• Xbox CEO Asha Sharma moving Mojang under her and pledging to make Minecraft a real creator platform
• Why UEFN and Unreal may be the more natural bridge for AA and AAA studios
• The blockbuster summer at the movies: Spider Man: Brand New Day and Christopher Nolan's The Odyssey

Produced by: Jacob Hollabaugh

#GameSouk #Roblox #UGC #Fortnite #Minecraft #PUBG #Xbox #Gaming #SpiderMan #TheOdyssey

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Earnings week set the tone for this episode of Game Souk. The team broke down Microsoft and Meta, the widening debate over when the industry's enormous AI capital spending will pay off, and a run of products from the biggest tech companies that the panel questioned whether anyone actually asked for, from Meta's camera glasses to Apple's facial recognition smart home hub to Xbox ads.

Game Souk airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Xbox begins testing an ad supported cloud gaming tier, with ads front loaded before one hour streaming sessions, as the panel debates whether players accept it or reach for their phones.
• Microsoft and Meta earnings tell a tale of two strategies. Microsoft held roughly 190 billion dollars in capital spending guidance and beat on revenue led by Azure, while Meta lifted spending, kept it largely separate from revenue, and guided softer.
• The circular financing debate at the center of the AI selloff, including Nvidia's move to guarantee roughly 250 billion dollars of OpenAI's Ohio data center, and up to 600 billion including chips, with Nvidia acting as what the market now calls the central bank of AI

• Meta faces a privacy backlash as activist group Everyone Hates Elon plasters New York, London, and Washington with altered posters targeting the Kylie Jenner Meta glasses campaign
• Apple's new home lineup, including a Siri powered smart home hub with facial recognition, and whether Apple is once again a late mover arriving with the products customers actually want
• A Roblox concert epiphany. bbno$ drew millions inside +1 Speed Keyboard Escape and donated proceeds to the Internet Watch Foundation, following Bruno Mars in Steal a Brainrot, and the panel unpacked why Roblox artists join games that are already massive while Fortnite builds the concert into the event itself

#GameSouk #Gaming #Xbox #Microsoft #Meta #Apple #AI #Nvidia #OpenAI #Roblox

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• The unexpected winners of the FIFA World Cup were prediction markets. Kalshi became FIFA's official prediction market partner and posted more than $31 billion in June notional trading volume, roughly 85 percent of it in sports, while Polymarket's international exchange set a monthly record of $10.8 billion

• Soccer surged on Roblox during the tournament. FIFA Super Soccer, Realistic Street Soccer, and a wave of pack opening, squad building, and penalty kick titles all saw concurrent player gains

• Roblox announced Build, a mobile first creation tab powered by AI models, with public alpha testing beginning July 28 in New Zealand.

• New Roblox Plus personalization features including avatar backgrounds, app themes, and profile frames

• Open source models are closing the gap with the frontier. Moonshot AI released Kimi K3 at 2.8 trillion parameters alongside momentum from Alibaba's Qwen, DeepSeek, MiniMax, and NVIDIA's Nemotron family, prompting Gavin Baker's argument that this may be an inflection point for AI

• Regulatory pressure on model releases, the OpenAI disclosure that GPT 5.6 Sol escaped a sandbox during an internal cyber evaluation and reached Hugging Face infrastructure

• Unity and Epic hit their first milestone at Unite Seoul, demonstrating a Unity game rendering natively inside Unreal Engine with physics, lighting, and input synchronized. Early access is targeted for 2027, opening Fortnite to roughly five million Unity developers

• Felicia Day's Kickstarter for The Guild: Ren Faire'd hit its $1.5 million goal in three hours after Hollywood passed on the pitch, and what Backrooms and Obsession say about creator native economics reaching theatrical film

#GameSouk #Roblox #Fortnite #Unity #EpicGames #WorldCup #PredictionMarkets #Kalshi #AI #OpenSource #UGC #Gaming

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Meta's new $19.99 Meta One Premium subscription and rate limits on its Ray-Ban smart glasses, plus privacy concerns around the always on super sensing feature

• The content creator use case for smart glasses and where the category actually makes behavioral sense

• Microsoft's Xbox restructuring and layoffs, and Asha Sharma's memo stating that the business today is not healthy

• The end of the Phil Spencer era Game Pass strategy and subscriber growth that fell short of internal targets

• Microsoft refocusing on platform scale IP with Minecraft from Mojang and Candy Crush from King, plus Minecraft as the original home of UGC creators

• Roblox overhauling 2D clothing with higher upload costs, ID verification, a subscription requirement, and a creator revenue cut from 70% to 30%

• Roblox phasing out R6 avatars, classic faces, and 2D clothing, and the community backlash over moving away from its own nostalgia

• Kalshi losing its bid to block New York gambling enforcement, and the CFTC versus state fight over prediction markets

• A lighter close with Eliza's Roblox game Slay: Dress to Survive frog update and World Cup weekend

#GameSouk #Roblox #Xbox #Microsoft #GamePass #Minecraft #Meta #SmartGlasses #Kalshi #PredictionMarkets #UGC #Gaming

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

Welcome to Game Souk, where we explore all aspects of the gaming world from tech, finance, culture, and beyond. Airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• Direct to consumer breaks open: how Tim Sweeney's fight against the Apple and Google 30% toll is reshaping mobile gaming, and why the subscription newsletter model is the real engine behind compounding growth

• The numbers behind direct to consumer: roughly $17B in direct to consumer mobile gaming revenue in 2025, and where Apple's legal fight with Epic stands now

• GTA VI pre-orders go live at $79.99 standard and $99.99 Ultimate ahead of a November 19 release, plus a genuine panel debate over whether Rockstar sticks the landing or quietly disappoints after more than a decade of hype

• Is gaming becoming a luxury? GTA VI pricing, the $1,000 plus Steam Machine, and what rising console and component costs mean for who gets to play

• Fortnite's record comeback on the App Store: its largest download week ever, its first ever million download day, and a geographic surprise out of Saudi Arabia and Mexico 

• Memory is the new oil: the AI CapEx race, Micron's record quarter, SK Hynix's roughly $29B US listing set to rank among the five largest ever, and market concentration not seen since 1999

• Meta under pressure: why the market is questioning its AI spending, the $900M Cred investment and Kunal Shah taking over WhatsApp, and the new Arena prediction markets app paid in points rather than real money

#GameSouk #GTA6 #Fortnite #DirectToConsumer #Micron #SKHynix #Meta #PredictionMarkets #Gaming #AI #Roblox

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.

This week's Game Souk comes to you live from UnrealFest in Chicago, where the team spent four days with UEFN studios, creators, and technologists building the next era of interactive entertainment.

Game Souk airs live every Thursday at 9am Eastern on X @daltonan. Topics covered in this episode:

• UnrealFest recap: 75% of UEFN in island transaction revenue now comes from genres outside Battle Royale, UEFN reaches 47% of Fortnite player hours, and Epic passes $1 billion paid to creators since launch

• How UEFN creators earn is widening: engagement payouts plus custom in game items, iteration up to 40% faster, and mobile playtime more than doubled

• Epic Store and Fortnite interoperability, plus Epic's new Model Context Protocol support for Claude, Gemini, and other models inside Unreal Engine

• Disney's deepening creator partnership and the rise of creator built Star Wars games like Droid Tycoon, Galactic Siege, and Escape Vader

• Roblox age verification rollout takes thousands of legacy games offline before Roblox calls the impact unintended and promises a fix

• Roblox introduces paid game review and shifts its discovery algorithm toward longer retention

• Roblox unveils its advertising revenue program and a new CPM on brand integrations

• The SpaceX IPO and its move to acquire Cursor, plus the tokenized share scramble

• US export controls force Anthropic to pull its Mythos and Fable models as Kevin Warsh holds rates in his first meeting as Fed chair

#GameSouk #Gaming #UEFN #Fortnite #EpicGames #UnrealFest #Roblox #UGC #Disney #StarWars #AI #SpaceX #Anthropic #GamingIndustry

Produced by: Jacob Hollabaugh

Disclaimer: This material is prepared by SIGNUM GROWTH (“SIGNUM”) and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date on the front page, and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by SIGNUM to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by SIGNUM, its officers, employees or agents.

*Past performance is not indicative of future returns. This material may contain ‘forward-looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any asset classes or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Private placement securities are speculative, illiquid, and carry a high degree of risk, including the loss of the entire investment. There are also key specific risks associated with any particular private securities offering.