Games & Commerce

Krafton PUBG: Battlegrounds pushes beyond battle royale toward platform

Krafton’s flagship game PUBG: Battlegrounds is expanding beyond battle royale as it seeks to become a content platform. The company posted record first-quarter quarterly revenue supported by upgraded collaborations and new mode experiments. PUBG IP franchise revenue rose 24 percent from a year earlier, topping 1 trillion won for the first time on a quarterly basis. A new PvE mode, XenoPoint, helped raise peak daily concurrent users without cannibalising existing battle royale traffic.

Crypto

Morgan Stanley spot bitcoin ETF MSBT posts zero net outflows in first month

Morgan Stanley\'s spot bitcoin exchange-traded fund MSBT attracted $194 million in its first month and did not post net outflows on any day. The Block Crypto reported that no rival spot bitcoin ETF maintained the same streak over the period. MSBT logged $30.6 million of net inflows on its first day of trading on April 8. Its pace of inflows later slowed but remained positive, even as the broader market showed volatility.