CCP Games, the developer of the spaceship MMORPG EVE Online and web3 game Eve Frontier, has transitioned into an independent entity and rebranded as Fenris Creations following a $120 million USD buyout from former parent company Pearl Abyss. The transaction, which includes both cash and non-cash elements, returns the studio to a private ownership structure led by senior management and long-term investors.
Governance and Operations
The company is now governed by its own Board of Directors, a model intended to support strategic decision-making for persistent virtual worlds.
- Fenris Creations stated that the shift in ownership will not result in internal restructuring or layoffs.
- The current leadership team remains in place, and headquarters will continue to be located in Vatnsmýrin, Iceland, with additional studios operating in London and Shanghai.
Partnership with Google DeepMind
Alongside the announcement, Fenris Creations also entered a research partnership with Google DeepMind. As part of this agreement, Google has taken a minority stake in the company. The collaboration will utilize an offline version of EVE Online to study artificial intelligence capabilities, including:
- Long-horizon planning.
- Memory and continual learning.
- Testing and evaluation of models in controlled local server environments.
Financial and Product Performance
The studio reported more than $70 million USD in revenue for 2025, maintaining profitability. EVE Online recorded its second-highest revenue quarter in its 20-year history during Q4 2025, which included a record-breaking month in November. The company’s current development pipeline includes two upcoming titles: EVE Vanguard, an extraction-adventure first-person shooter, and EVE Frontier, an online space survival game.
Recent Developments in EVE Frontier
The announcement follows the recent conclusion of the EVE Frontier × Sui 2026 Hackathon, where participants created over 120 projects focused on modding the upcoming survival game. The grand prize was awarded to “CradleOS,” a civilization management system. In April 2026, the game’s infrastructure officially migrated from Ethereum to the Sui blockchain, coinciding with the launch of the “Cycle 5: Shroud of Fear” testing phase.
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This article is published on BitPinas: CCP Games Rebrands, Partners with Google DeepMind in $120M Buyout of EVE Online Developer
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