Day: August 18, 2015

This isn’t really a deal, but if you want Google’s new OnHub wireless router when it ships at the end of the month, you should preorder it quickly. It seems to be going in and out of stock at Amazon right now, so if you don’t see it available, try refreshing in a few minutes. [Google OnHub Router, $200]http://ift.tt/1fJjqpm…http://ift.tt/1E3vf4m…

Read more…

from Gizmodo http://ift.tt/1Pkhejw
via IFTTT

When Double Fine launched a Kickstarter campaign for an unnamed adventure game in 2012, it changed the gaming industry in a huge way. The project asked for $400,000 but raised more than $3 million in about a month, setting records at the time and jump-starting the video game crowdfunding craze. And then, in 2013, Double Fine announced it needed more money to finish its adventure game, now titled Broken Age. Even with millions of dollars, widespread publicity and thousands of fans, Double Fine ran into costly issues during development, and not all backers were receptive to the studio’s reasoning. Some of them wanted more say in how the game was made, seeing their donation as a legitimate stake in Broken Age‘s development — something that the Kickstarter campaign never promised.

Flash forward to August 2015: Former Double Fine COO Justin Bailey launches Fig, a video game crowdfunding platform that offers investment opportunities with cash returns and promises to provide backers with an inside look at how game development actually goes down.

Fig’s advisory board includes Double Fine CEO Tim Schafer (the man behind 2012’s game-changing Kickstarter), plus Obsidian Entertainment CEO Feargus Urquhart, inXile Entertainment CEO Brian Fargo and Indie Fund co-founder Aaron Isaksen. The first game up for funding is Outer Wilds, an award-winning space exploration experience from Mobius Digital, a team of young artists and developers led by Heroes actor Masi Oka. Oka previously worked as a VFX Artist on the second Star Wars trilogy at Industrial Light & Magic.

Outer Wilds is looking to raise $125,000 in 30 days, and in the first few hours it’s already generated about $50,000. Fig features different tiers for potential contributors — lower tiers, starting at $20, are similar to Kickstarter’s reward system, offering copies of the game and other related swag. However, if you’re an SEC-accredited investor and throw down at least $1,000 toward Outer Wilds‘ development, you’ll receive a portion of the game’s net revenue on certain PC platforms. At its heart, Fig is a combination of rewards-based crowdfunding and traditional investing.

"By launching a Fig campaign, game studios can combine these two powerful methods of raising funds while retaining creative control and offering fans new ways to get involved," Fig’s About page reads. "By supporting a campaign, fans journey with each studio as they go from development to launch (and beyond), all while gaining real insights and transparency into the business of making games."

As for the transparency part of Fig’s plan, the site so far features a "development stage" timeline that displays where Outer Wilds is in the game-making process. There’s a section for updates from the developer as well, and a comments section open to those who pledge $20 or more to the project.

The plan is for Fig to eventually allow anyone, even non-accredited people, to invest in games on the platform, Bailey tells Games Industry. Fig itself has financial support from Spark Captial, a venture capital firm that’s invested in Oculus, Slack, Tumblr and other tech-adjacent companies. Fig isn’t the only new crowdfunding site to feature a twist on Kickstarter’s model: StartEngine, for example, comes from Activision co-founder Howard Marks and allows people to invest in private companies, something that Kickstarter doesn’t do.

With all of these crowdfunding choices, pick your favorite model and let the games begin.

Filed under:
Gaming, HD

Comments

Via: Game Informer

Source: Fig

Tags: CrowdFunding, DoubleFine, fig, hdpostcross, Investing, Investment, kickstarter, VideoGames

from Engadget Full RSS Feed http://ift.tt/1Py016N
via IFTTT

The space elevator is a glorious science fiction idea that’s never gotten past the concept stage, mostly because it’s impossible to build one right now. Recognizing this, a Canadian space firm is hoping to test the waters with a slightly scaled-down version — a space tower, if you will, that only rises into the stratosphere. Only.

Read more…

from Gizmodo http://ift.tt/1Jpr5WN
via IFTTT

A deadly series of explosions that left hundreds dead and injured in China is about to set off a wave of insurance claims.

from Business and financial news – CNNMoney.com http://ift.tt/1WB8lHB
via IFTTT

Oil’s stunning downfall is not even close to being over, influential money manager David Kotok argues.

from Business and financial news – CNNMoney.com http://ift.tt/1hm9KBU
via IFTTT

Consumers have seed savers and amateur breeders to thank for discovering and sharing heirloom varieties of some vegetables and tomatoes like the Cherokee Purple.

from News : NPR http://ift.tt/1J1UnHU
via IFTTT