Back to collectionNovember Closes as LAMO Builds Its Team
As November ended, the industry mood after the FTX collapse remained heavy. BTC closed the month at USD 17,100, down 16% for November. The director's experience gave LAMO a specific person to guide its development, while the open roles showed that the team still needed people to carry out the work.
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As November ended, the industry mood after the FTX collapse remained heavy. Ex Populus had just assembled a game-chain research group and acquired LAMO. With spending constrained, management needed to show what game-development capacity would support that expansion.
BTC closed the month at USD 17,100, down 16% for November. The studio filled in the personnel story behind the acquisition: its new game director had worked in senior design roles on Assassin's Creed and Watch Dogs and had also served as a game director at NetEase. LAMO development positions opened as well. The public saw a résumé and job listings; inside, the work still felt newly begun, with many arrangements yet to settle.
The director's experience gave LAMO a specific person to guide its development, while the open roles showed that the team still needed people to carry out the work. Neither amounted to a finished game. The studio had to watch its budget while setting priorities among new colleagues, existing games, and chain research. That coordination was only beginning as December approached.