6waves Lolapps has announced that they are establishing a $10 million fund for mobile and social game developers. Selected developers will receive support from 6waves Lolapps in distributing, localizing, and hosting their game online.
“The rationale behind the fund is that on the publishing side, we started noticing that given the increased quality level and the production of these kinds of games, it’s getting harder for these developers to build them on their own,” said 6waves Lolapps senior VP of publishing Jim Ying. “We’ve seen a trend that developers are interested in building mobile games, and consumers are looking to play more of these games globally. The reality is that this part of the business is growing significantly, and we believe that we have a lot of knowledge that we can leverage in the space.”
Source: Gamasutra
