Former Disney boss launches Web3 game studio with Marvel, Star Wars talent
The team’s first game, PlanetQuest, has reportedly onboarded over 200K NFT holders.
A team of Hollywood and gaming luminaries have joined forces to launch a AAA web3 games studio in the United Arab Emirates.
Dubbed “Galactic Entertainment Publishing,” the recently launched venture represents the first arm of parent company Galactic Group.
The firm’s inaugural endeavor, PlanetQuest, has been in active development since 2022. Loren Roosendaal, CEO of Galactic Entertainment and founder of PlanetQuest, told, despite the game not having launched yet, it’s installed a massive userbase:
“PlanetQuest passport holders account for over 300,000 connected wallets, over 200,000 of which hold one or more PlanetQuest NFTs.”
Former Disney boss launches Web3 game studio with Marvel, Star Wars talent
The team’s first game, PlanetQuest, has reportedly onboarded over 200K NFT holders.
A team of Hollywood and gaming luminaries have joined forces to launch a AAA web3 games studio in the United Arab Emirates.
Dubbed “Galactic Entertainment Publishing,” the recently launched venture represents the first arm of parent company Galactic Group.
The firm’s inaugural endeavor, PlanetQuest, has been in active development since 2022. Loren Roosendaal, CEO of Galactic Entertainment and founder of PlanetQuest, told, despite the game not having launched yet, it’s installed a massive userbase:
“PlanetQuest passport holders account for over 300,000 connected wallets, over 200,000 of which hold one or more PlanetQuest NFTs.”
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
Pinterest (PINS) Stock Sinks As Market Gains
Pinterest (PINS) closed at $71.75 in the latest trading session, marking a -0.18% move from the prior day. This change lagged the S&P 500's daily gain of 0.1%. Meanwhile, the Dow gained 0.9%, and the Nasdaq, a tech-heavy index, lost 0.59%.
Heading into today, shares of the digital pinboard and shopping tool company had lost 17.41% over the past month, lagging the Computer and Technology sector's loss of 5.38% and the S&P 500's gain of 0.71% in that time.
Investors will be hoping for strength from PINS as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 170% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $467.87 million, up 72.05% from the year-ago period.
