🔻SoftBank-backed Improbable has sold its gaming business to an Irish video game developer.

• Improbable sold multiplayer games developer The Multiplayer Group (MPG) for $97.1 million to Keywords Studios

• Analysts have expressed concerns about the commercial viability of Improbable's technology

• Improbable CEO Herman Narula said that the sale of MPG does not mean a departure from the gaming industry

• In 2023, Improbable organized 30 metaverse events, planning to increase the number to 300 in 2024

• The EU aims to become a leader in the development of virtual worlds, strengthening local companies and reducing dependence on technologies outside the EU