What happens when a secretive blockchain company buys your game studio
What happens when a secretive blockchain company buys your game studio
Former employees of Phoenix Labs and Rumble Games say they were told to keep blockchain platform Forte Labs' purchase of their employers an absolute secret.
You ask who the fuck decided to sell your studio to a secretive block chain company and you kick them in the nuts.
It's the same procedure for being acquired by private equity... some asshole early founder felt entitled to destroy all that you, as a team, worked so hard to create.
Capitalism is truly a fucked way to run an economy.
You ask who the fuck decided to sell your studio to a secretive block chain company
Most likely the private equity firm that owns your company
Immaterial to the plan vis-a-vis their testicles.
Capitalism is the system wherein the least qualified, most self interested party holds all the decision making power.
Behind the scenes, the company was quietly funding and purchasing game studios, with the apparent intent of producing games it could integrate on its own blockchain platform.
How many is unclear. When asked what game studios it has purchased, Forte's spokesperson confirmed its purchases of Rumble Games and Phoenix Labs, but said the company "hasn't been announcing investments and partnerships for some time now, but more news will be coming from Forte soon."
This secrecy does not appear to break any laws. KUSK Law partner Don McGowan, former general counsel at Bungie and chief legal officer at The Pokémon Company, told Game Developer that there's nothing illegal about keeping these purchases a secret, but that it is "fucking weird."
Forte Labs is super sketch.