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After receiving millions of dollars as funds from different investing bodies, Animoca Brands is planning to purchase WePlay Media. Animoca Brands, which is the most significant among the developers of digital-assets rights within the Web3 space, has declared another important achievement, to expand its gaming offices.
On Friday, the firm made an important announcement about the procurement of WePlay Media. WePlay Media is famous for the production of “MotoGP Championship Quest”.
Animoca Brands Acquires MotoGP Championship Quest’s Developer
This contract was conducted to sustain digital gaming players’ interest in mobile-based games. Chief operating officer of WePlay Media as well as MotoGP’s co-creator – Graeme Warring – claimed that this acquisition will prove to be beneficial for both companies as they are joining together all the users of motorsports throughout the world.
Animoca Brands has the potential to bring all its worldwide users together like team members, sponsoring entities, and riders, he added. Correspondingly, Yat Siu – the chairman of Animoca Brands – stated that this attainment of MotoGP as well as the rest of the games will allure the motorsports fans to join Animoca Brands.
Recently, a survey titled “Global Fan Survey” was conducted by MotoGP, to check the popularity of mobile games among the users. According to the results, almost 79% of the users (who come under the age group of 16-24 years) are mostly involved in digital games’ weekly contests. Among them, up to 54% of the users belong to the Asia-Pacific area.
Animoca Brands has invested a lot in the field of motorsport games. It has provided a reward ecosystem of REVV tokens as well as NFT programs for the game named “MotoGP”. Animoca also bought Eden Games – in April – which is the developer of different racing digital games like the Test Drive series and Gear.Club etc.
Animoca Brands Keeps on Making Web3 Investments
Earlier in August, Grease Monkey Games (a subsidiary of Animoca) – for the formulation of Torque Drift 2 (a motor racing game based on blockchain) got a huge amount of funds. On 8th September, a round (under the lead of Temasek) was conducted that effectively managed to amass about $110M.
By taking into account the collected amount, Animoca structured the plan for the recently occurred systematic acquisitions. In the Universe of Web3, Animoca Brands has invested funds in the companies such as DapperLabs, SkyMavis, Axie Infinity, and The Sandbox along with some others.
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