Entertainment Manticore Games Unveils $100M in Series C Funding for Core Platform
How to apply "platform thinking" to your tech strategy for greater success
Rather than thinking about your IT strategy in terms of projects and systems, try applying platform thinking.Perhaps the most famous example of the last decade is Uber, which combined technology, new business models and mobile applications to create what was initially an asset-free, on-demand personal transportation network. That core transportation platform quickly provided the underpinnings of a package delivery service, and then a food dispatch network.
Independent game company Manticore Games on Thursday unveiled $100M in Series C funding to accelerate growth of its online video game creation platform Core.
The funding, which will further development of interactive tools on the free platform, is led by XN, Softbank and LVP. Returning investors include Fortnite developer Epic Games — whichManticore’s $15 million funding round last September — Benchmark, Bitkraft’s new Opportunity Fund and Correlation Ventures.
“Core has been growing rapidly and is establishing itself as the best platform for Creators as it offers not just the best game creation and publishing tools but also the best economic opportunities with 50 percent revenue share,” said Frederic Descamps, CEO and co-founder of the San Mateo-based Manticore Games. “This financing underscores confidence in Manticore’s vision of a Creator-built Multiverse. We are thrilled to have more resources to invest in our Creators, who we see as the engine of our growth, to ultimately build the games Multiverse and the best playground for players.”
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The former president is said to be planning a site of his own, having faced bans from several mainstream platforms.Trump spokesperson Jason Miller said in an interview Sunday that the former commander-in-chief will launch a site of his own in the coming months.
The platform wasby Descamps and Jordan Maynard in open alpha mode in 2020, based upon a belief that the future of games are open user-generated platforms, and with a mission to make game design more accessible particularly for developers with little to no coding experience.
To that end, it allows anyone with a PC to build, share, publish and play games using Epic’s Unreal Engine. Among over 20,000 playable free games currently on the platform, genres include battle royale games, platformers, role-playing games, massively multiplayer role-playing, puzzles, party games, survival games and shooters, to name a few. In addition to game creation tools, Core offers guided scripted tutorials and level design contests for users on the platform.
OVERNIGHT ENERGY: Supreme Court sides with Georgia over Florida in long-fought water war | FEMA unveils new flood insurance calculation it says will be more equitable | Energy Dept. pushes to reverse Trump-era rule on efficiency standards
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In July of last year, Manticorea $1 million pilot program to pay creators. Dubbed Perks, the system was built on the idea that, the more people play your game, the more you should get paid. The system gives creators a 50 percent revenue share and full control over how they monetize their games, whether it be through monthly subscriptions, in-game purchases or pay-to-play models.
On April 15, Core will arrive exclusively in the Epic Games Store via Early Access. “We’re thrilled that Manticore has chosen the Epic Games Store as the exclusive launchpad for Core,” said Steven Allison, GM Epic Games Store. “Epic and Manticore have a shared belief that the future of games and the metaverse will be built by a global community of creators. Core, which is powered by Epic’s Unreal Engine, provides creators with an incredibly powerful yet accessible set of tools that will help accelerate this shared vision.”
Looking further ahead, Manticore will continue to bring new creators and players of all skill levels together in its collaborative and social online community.
Ledecky notches 400m free win in Mission Viejo .
Katie Ledecky continued her build up to the Tokyo Olympics with a 400m freestyle victory at the Mission Viejo Pro Swim Series in 3min 59.25sec. "It's always good to get under four," Ledecky said. "that one probably didn't feel as good as some of my other swims this week so far, but I'm more than happy with the time."The US freestyle great, who won the 200m free on Friday in a world-leading 1:54.40, notched the 20th career performance under the four-minute mark.