Animoca Brands Acquires Australian Game Developer Grease Monkey

2 years ago

Animoca Brands, the noted capitalist successful non-fungible token (NFT) and metaverse projects, has acquired Melbourne, Australia-based motorsport games developer Grease Monkey Games.

Grease Monkey volition proceed to run nether its contiguous absorption but volition align its efforts relating to blockchain integration, NFTs and play-to-earn capabilities with those of Animoca.
Financial presumption for the acquisition person not been disclosed. Animoca had not responded to CoinDesk's petition for this accusation astatine property time.
Among its galore metaverse-related ventures, Animoca Brands is the developer of play-to-earn motorsport crippled F1 Delta Time, which uses Animoca's REVV token arsenic its autochthonal currency.
REVV volition beryllium integrated into Grease Monkey's games arsenic a portion of this acquisition, according to an emailed announcement by Animoca Thursday.
Animoca's concern portfolio contains play-to-earn crippled Axie Infinity; Dapper Labs, the institution down NBA Top Shot; and OpenSea, the largest NFT trading platform. Animoca is valued astatine astir $5.5 cardinal following its latest backing round of astir $360 cardinal past month.

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Jamie Crawley is simply a CoinDesk quality newsman based successful London.

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