The gaming and venture capital company Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the series Gear.Club, Test Driveand other popular racing games.
Eden Games is a France-based company that was founded in 1998. Engine Gaming and Media sold its 96% stake in the company to Animoca for $15.3 million on April 7.
With the acquisition, Animoca plans to enhance its REVV Motorsport (REVV) ecosystem by taking a “focus metaverse first” for existing and new game titles, What tweeted Animoca President Yat Siu on April 12.
It also hopes to introduce new blockchain-based racing games.. Eden Games has partnered with car companies like BMW, Bugatti, and Porsche, among others, which should help Animoca create a stronger set of games for racing game fans.
1/ Motorsports @REVV_Token $revv in the Metaverse just got a turbocharge with the extremely talented studio behind @needforspeed @F1MobileRacing and classics like Test Drive any many more @EdenGames you have joined the @animocabrands Familia. #NFTGames https://t.co/LTTN7H3CY6
— Yat Siu (@ysiu) April 11, 2022
1/ Motorsports @REVV_Token $revv in the Metaverse just got a boost from the extremely talented studio behind @needforspeed @F1MobileRacing and classics like Test Drive. @EdenGames has joined the @animocabrands family. #NFTGames
The REVV Motorsport ecosystem includes the racing games of the same name in the Ethereum Polygon scaling solution, MotoGP: Ignition, Formula E: High Voltage Y torque drift. All games are blockchain-based and integrate non-fungible tokens (NFTs).
By inserting your NFT products into sports, Animoca will be able to capitalize on Deloitte’s estimated $2 billion in sports NFT transactions in 2022.
Animoca Brands co-founder and chairman Yat Siu stated on April 11 that the acquisition will “add value to the REVV community and the racing metaverse” thanks to its many assets in the racing world.
Animoca has been busy building its own racing game ecosystem and seeks to fill the void created by the closure of its F1 Delta Time game on March 15 after losing its license with the Formula 1 racing brand. It is not yet known what new titles may be in development as a result of the new acquisition.
F1 racing is a popular sport in the cryptocurrency industryamong which at least eight crypto firms, including exchange Binance, Crypto.com, and Ethereum scaling solution Fantom, currently sponsor teams. From a business point of view, its popularity makes a lot of sense considering that some 1 billion fans around the world are expected to watch the races during the 2022 season.
Animoca Brands is one of the most active investors in the NFT and Metaverse spaces. His other holdings include The Sandbox (SAND) and Axie Infinity (AXS).
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