Animoca Drives into Crypto Racing Games With Latest Acquisition

Gaming and task superior steadfast Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and different fashionable racing games.

Eden Games is simply a France-based steadfast that was founded successful 1998. Engine Gaming and Media sold its 96% involvement successful the institution to Animoca for $15.3 million connected April 7.

With the acquisition, Animoca plans to heighten its REVV Motorsport (REVV) ecosystem by taking a “Metaverse archetypal approach” to caller and existing gaming titles, arsenic tweeted by Animoca president Yat Siu connected April 12.

It besides hopes to present caller blockchain-based racing games. Eden Games has partnerships wrong the automotive manufacture with the likes of BMW, Bugatti, Porsche, and others which should assistance Animoca physique retired a much robust suite of games for racing crippled aficionados.

1/ Motorsports @REVV_Token $revv successful the Metaverse conscionable got a turbocharge with the highly talented workplace down @needforspeed @F1MobileRacing and classics similar Test Drive immoderate galore much @EdenGames has joined the @animocabrands family. #NFTGames https://t.co/LTTN7H3CY6

— Yat Siu (@ysiu) April 11, 2022

The REVV Motorsport ecosystem includes the eponymous racing games connected the Ethereum scaling solution Polygon, MotoGP: Ignition, Formula E: High Voltage, and Torque Drift. All the games are blockchain-based and integrate nonfungible tokens (NFTs).

By inserting its NFT products into sports, Animoca volition beryllium capable to capitalize connected Deloitte’s estimated $2 cardinal successful sports NFT transactions successful 2022.

Co-founder and president of Animoca Brands Yat Siu said successful an April 11 statement that the acquisition would “add worth to the REVV assemblage and the racing metaverse” by mode of its galore assets successful the racing world.

Animoca has been engaged gathering retired its ain racing crippled ecosystem and is looking to capable the void created by its F1 Delta Time crippled shutting down connected March 15 aft losing its licence with the Formula 1 racing brand. There is nary connection yet connected what caller titles whitethorn beryllium nether improvement arsenic a effect of the caller acquisition.

Related: Blue Chip and Metaverse NFTs propel maturation of NFT Market, says Nansen report

F1 racing is simply a fashionable athletics successful the crypto manufacture with astatine slightest 8 crypto companies, including speech Binance, Crypto.com, and the Ethereum scaling solution Fantom, currently sponsoring teams. From a concern perspective, its popularity makes cleanable consciousness considering astir 1 cardinal planetary fans are expected to presumption races passim the 2022 season.

Animoca Brands is 1 of the astir progressive investors successful the NFT and Metaverse spaces. Its different holdings see The Sandbox (SAND) and Axie Infinity (AXS).