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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. Next year, Fajt plans to scale up creator payments estimating that by the end of 2021 they’ll have paid out $1 million to their network.

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Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said. Instagram is known as a social media platform while Robinhood is known as an investing and trading platform.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

I made the point (not widely publicized) that OS4 is currently “breaking&# many applications that use ad networks that are not Apples (most notably AdMob, owned by Google). Online social game network; make their own games (FarmVille, Mafia Wars, FrontierVille) in addition to allowing third-party developers to access network.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Last year, Epic Games integrated Houseparty with Fortnite, initially to allow gamers to see live feeds from friends while gaming, then later adding support to livestream gameplay directly into Houseparty. 8 investors discuss social gaming’s biggest opportunities. Image Credits: Apptopia.

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From Agency to Enterprise Software: The Evolution of Buddy Media

This is going to be BIG.

Our current focus is on creating sticky, super viral applications that help users get more out of Facebook and other social media. 6/15/2008 – Application network of its own apps plus agency business plus ad network. Buddy Media can build an application and drive 1 million users in just a few months.

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Skich’s new app brings social discovery to mobile game recommendations

TechCrunch

The challenge, of course, is getting Skich to scale and helping users build out that trusted network of friend-to-friend recommendations. The startup believes the potential for its game-finding experience is huge — there are around 3 billion mobile gamers worldwide and hundreds of games are launched daily.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

I think the best solution for the social networking era is “in-stream&# advertising. I know you could argue that YouTube was much broader but it was really popularized in the social networks. It’s sort of Jack FM meets Total Request Live meets UCG/Social Gaming (at least in the future).