📈 Blackrock Made $369K From Its Bitcoin Futures

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Each Artist in Fortnite’s Upcoming Global Music Series Will Have an Interactive Experience

Epic Games has announced a fresh set of musical performances coming to Fortnite, referred to as the Soundwave Series.

The new brand series will have artists from around the globe, and players will be able to listen to their music in an interactive in-game experience.

The gaming giant is well known for bringing musical performances to Fortnite, along with other amazing shows from renowned artists like Travis Scott and Ariana Grande.

However, the company is gradually working with its community to create signature experiences for the game in Fornite’s creative mode, such as with this summer’s Easy Life virtual concert and the Balenciaga-themed “Strange Times” hub.

Epic feels the opening show in the Soundwave Series featuring Egyptian artist Mohamed Hamaki, will continue that trend along with the future shows in the Soundwave Series.

This new series indicates the next initiatives of Epic to make Fornite more than just a game.

Moreover, the concert not only offers something else for players to do, but the picture-in-picture feature may keep players locked into Fortnite’s universe for the music world.

Insurance Startup Hedvig Raises $45 Million in a Series B Funding Round

Sweden-based insurance platform Hedvig has successfully raised $45 million in its Series B funding round.

The funding round was led by Anthemis and included participation from existing investors including, Cherry Ventures, CommerzVentures, Obvious Ventures, along with Swedish Novax, Nineyards Equity, Jonas Kamprad, and Mathias Kamprad.

Hedvig is a neo-insurer providing property, travel, content, and accident insurance geared to the lifestyles of younger adults.

Since its launch in 2018, Hedvig has witnessed 40% organic growth mainly due to its cult status, including the company’s reputation and quick claims service.

The company has about 70,000 customers, with the majority of them under the age of 30, and the startup plans to continue building more products for these customers.

With its latest funding, Hedvig plans to accelerate its operations and plans to launch its fourth market in the coming months; however, this time outside of the Scandinavian region.

Additionally, the startup will also use the funds to continue expanding Hedvig’s team and product.

Netflix Acquires Game Developer Night School Studio

Streaming company Netflix has announced that it has acquired Night School Studio, the independent game developer known for narrative-driven titles like Oxenfree.

Founded in 2014, Night School Studio has gained a reputation for creating engaging, sharply written adventures with a strong focus on narrative across the games it has launched.

In a blog post, Night School’s founder Sean Krankel said, “Night School wants to stretch our narrative and design aspirations across distinctive, original games with heart. Netflix gives film, TV, and now game makers an unprecedented canvas to create and deliver excellent entertainment to millions of people.”

He added saying, “Our explorations in narrative gameplay and Netflix’s track record of supporting diverse storytellers was such a natural pairing. It felt like both teams came to this conclusion instinctively.”

Netflix has been working to break into the gaming industry for some time. But, this is the first time that it had acquired a game studio.

Additionally, this announcement follows Netflix’s slowly expanding video strategy as it also launched new mobile titles to its subscribers in Poland, Italy, and Spain.

SEC’s Filing Shows Blackrock Made $369K From Its Bitcoin Futures

The latest filing of BlackRock Global Allocation Fund with the US Securities and Exchange Commission (SEC) shows that the company has expanded a variety of its Bitcoin futures contracts since Q1 2021.

According to a filing with the SEC, BlackRock had 54 Bitcoin (BTC) futures contracts issued through the Chicago Mercantile Exchange as of July 31. The contracts, which expired on Aug. 27, were worth $10.8 million, appreciating by $369,137.

The profits made by the company from the bitcoin futures represent approximately 0.00138% of the BlackRock Global Allocation Fund, or 8.91 BTC at the time of publication. Overall, the company holds $9.5 trillion in total assets under management.

Prior to pursuing bitcoin futures, the investment company had indirectly invested in crypto assets through its ownership of shares in business intelligence firm MicroStrategy. BlackRock also mentioned bitcoin in two prospectus filings with the SEC in January, indicating that it would look into the use of crypto derivatives.

But, the news of BlackRock’s profit from bitcoin futures comes when demand for such products has declined, which is a setback for bitcoin.

Around The Web

💉 YouTube Bans Vaccine Misinformation

👴 Amazon Launches Aged Care Subscription Service, “Alexa Together”

☁️ Microsoft Begins Testing xCloud Integration on Xbox Consoles

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