Animoca Brands continues shopping spree with MotoGP mobile dev acquisition

Animoca Brands continues shopping spree with MotoGP mobile dev acquisition

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The corporate introduced its acquisition of WePlay Media after it not too long ago closed a number of multi-million greenback fund rounds with traders similar to Temasek.
Considered one of Web3’s main digital property rights developers, Animoca Brands, introduced one more main acquisition to its growing portfolio of gaming subsidiaries.
The corporate introduced the acquisition of WePlay Media, which developed the favored blockchain-game MotoGP Championship Quest, on Frid. Based on the settlement, the acquisition is ian effort to bolster consumer engagement in motorsport cell gaming. 
Graeme Warring, the co-founder and chief working o of WePlay Media and co-creator of MotoGP, known as the acquisition an thrilling growth for each events as they broaden their attain to bike followers throughout the globe.
Equally, Yat Siu, the co-founder and govt chairman of Animoca Manufacturers, highlighted the potential engagement enhance of the acquisition of MotoGP and different motorsport-related video games beneath Animoca.
Associated: Gamers want fun, not a grind fest for tokens — Animoca subsidiary
Based on MotoGP’s newest World Fan Survey, their group has excessive ranges of engagement and curiosity in common participation in aggressive cell gaming. It reported that 79% of all respondents from 16–24 years of age engaged in aggressive gaming on a weekly foundation, with 54% of followers based mostly within the Asia-Pacific area.
Animoca has proven to be extremely invested in creating the motorsport gaming sector because it launched a motorsport-based REVV token rewards ecosystem and NFT packages inside the MotoGP sport.
Earlier in April of this yr, Animoca additionally acquired Eden Games, which developed the Gear.Club, the Check Drive collection and different common racing video games.
In August, Animoca subsidiary Grease Monkey Video games received funding to develop the blockchain-based motorsports game Torque Drift 2.
This newest acquisition growth comes after Animoca’s profitable $110 million funding spherical led by Temasek on Sept. 8, from which it stated it deliberate to make subsequent strategic acquisitions. Animoca has investments throughout the Web3 house in operations similar to The Sandbox, Axie Infinity, SkyMavis and DapperLabs, amongst others. 

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