Steve Harvey-backed company adds jobs in tech world
US economy added 315K jobs in August
On the heels of the U.S. economy adding a robust 315,000 jobs in August, Web3 gaming platform Gamestar+ is contributing to the growth of the labor market in its own way.
The Steve Harvey-backed company that will soon be bringing family game night favorites such as "Family Feud" and ‘Scene It?’ to the blockchain announced on Friday that it would create numerous game development jobs in the U.S. as part of a strategic investment in Mighty Kingdom, one of the world’s largest mobile game developers.
Following a surge in popularity during the COVID-19 pandemic, the lucrative gaming industry continues to grow at a rapid pace, now worth more than $300 billion globally.
In addition to job creation, the investment will allow Gamestar+ to expand its game development arm by building more popular game titles such as "Wheel of Fortune" and "Jeopardy!" on the blockchain, where players will be able to challenge each other in real time.
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"We are thrilled to have made a major investment in Mighty Kingdom as we look to create the connected future of game night," Gamestar+ CEO Shane Yeend told FOX Business. "As part of our investment, we will be opening an office in the U.S. to further accelerate business and game development efforts as we scale to become a leader in Web3 gaming."
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Wheel of Fortune will be the platform’s first fully integrated blockchain-enabled game, allowing users to win prize tokens and exchange them for real-world rewards or cryptocurrency tokens like bitcoin. Both "Wheel of Fortune" and "Jeopardy!" are set to launch in the fourth quarter of this year.
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"We have aggressive growth plans for the Gamestar+ IP offerings and platform," Gamestar+ co-founder Todd Young said. "This investment in Mighty Kingdom layers onto that foundation and puts us on track to become the nation’s leading go-to platform for family game night."