Animoca Brands acquires video game developer Grease Monkey Games

Animoca Brands acquires video game developer Grease Monkey Games

Hong Kong NFT game operator Animoca Brands has announced the acquisition of video game developer Grease Monkey Games. The parties did not disclose financial terms of the agreement.

“After the acquisition, Grease Monkey Games management will continue to manage the business and work closely with Animoca Brands in a concerted effort to integrate blockchain, tokens, NFTs, P2E games and opportunity products. of synergy and launch, especially in the REVV Motorsport ecosystem,” reads the press release.

Animoca Brands noted that Grease Monkey Games has extensive experience developing arcade racing, as well as established partnerships in the motorsports and automotive industries. He also teased the impending announcement of a “major cross-platform racing game powered by Unreal Engine 5”.

As a reminder, Animoca Brands raised over $358 million in funding in January 2022. The company’s valuation before the investment round was $5 billion.

In February, the developer, in conjunction with venture capital accelerator Brinc, announced the launch of the Guild Accelerator program to support GameFi guilds. The volume of the fund amounted to 30 million dollars.