Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-04-12 12:30:32

Animoca Brands Announces Acquisition of Eden Games

On April 11, Hong Kong-based blockchain-focused gaming company Animoca Brands announced its new acquisition with a French racing game studio, Eden Games. 1/ We are pleased to announce that today we acquired @EdenGames, the developer of @NeedforSpeed: @Porsche Unleashed, @gearclubthegame, @F1MobileRacing & more. Read the full announcement at: https://t.co/iDNrevUn4v 🧵 pic.twitter.com/d9vD5HVSVx — Animoca Brands (@animocabrands) April 11, 2022 History of Eden Games The widely-renowned console and PC racing gaming application Eden Games was founded in 2018 and are best known for Test Drive Unlimited Series and Need for Speed: Porsche Unleashed. The gaming studio has also shifted towards mobile gaming with Gear.Club and F1 Mobile Racing. Previously owned by Atari, the gaming studio was temporarily closed in 2013, however, Animoca acquired the studio for $16 million. Animoca Brand’s Strategy After the acquisition of game developer Grease Monkey in February, this will be Animoca Brands’ second acquisition since the beginning of the year. The objective behind the acquisition of the French studio is its experience to construct a play-to-earn REVV Motorsport game. Additionally, it also wishes to achieve building other such blockchain-based racing series. Yat Siu, the co-founder of Animoca Brands commented, “With its quarter of a century of expertise in building high-quality motorsport video games, Eden Games will enhance and accelerat...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer