The gaming industry is preparing to launch a wave of games in 2024 after years of development, with developers adapting their business models to attract and retain players in the face of increasing competition.

Metaverses, nonfungible tokens (NFTs), and play-to-earn features are still in play for some studios. Illuvium, a game developer, is working on an interconnected environment that will combine three different titles under one experience.

Illuvium's upcoming release will introduce a revenue-sharing model. The CEO, Kieran Warwick, mentioned that the platform raised $12 million to support the gaming launch set for the second quarter of 2024.

Venture capital firm Andreessen Horowitz also announced plans to invest $30 million in technology-driven gaming startups, focusing on AI, VR/AR, and Web3 games.

Binance recently formed its first board of directors, consisting of both company executives and independent members, chairing by Gabriel Abed.

Paradigm is reportedly seeking to raise up to $850 million for a new fund, while Bitfarms announced a $240 million investment to triple its post-halving hash rate for Bitcoin mining profitability.