Animoca Brands continues shopping spree with MotoGP mobile dev acquisition

One in all Web3’s main digital property rights builders, Animoca Manufacturers, introduced one more main acquisition to its rising portfolio of gaming subsidiaries.

The corporate introduced the acquisition of WePlay Media, which developed the favored blockchain-game MotoGP Championship Quest, on Sept. 16. In keeping with the settlement, the acquisition is ian effort to bolster person 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 develop their attain to motorbike followers throughout the globe.

“Animoca Manufacturers has the flexibility to succeed in lots of of tens of millions of customers in core progress demographics to develop the game’s fan base and create engagement alternatives for the riders, groups and sponsors.”

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 underneath Animoca.

Associated: Avid gamers need enjoyable, not a grind fest for tokens — Animoca subsidiary

In keeping with MotoGP’s newest International Fan Survey, their neighborhood 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 growing 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 Video games, which developed the Gear.Membership, the Check Drive sequence and different widespread racing video games.

In August, Animoca subsidiary Grease Monkey Video games acquired funding to develop the blockchain-based motorsports sport 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 akin to The Sandbox, Axie Infinity, SkyMavis and DapperLabs, amongst others. 

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