Animoca Acquires Eden Games to Expand its Gaming Ecosystem

• Ayushi Abrol
• September 07, 2022

Popular venture capital and software provider of blockchain gaming products, Animoca has acquired Eden Games, a reputed racing game studio from Engine Gaming and Media group. With this investment, Animoca is looking forward to expanding its cluster and diversifying its gaming portfolio with top-ranked racing games by Eden such as Test Drive, Gear.Club, etc. Hailing from France, Eden Games has a long legacy to cherish in the gaming industry, something that started in 1998 and still continues to sustain its position in the market and craze amongst gamers.

According to the official Tweet made by Animoca chief Yat Siu on April 12, 2022, the acquisition of Eden Games is directed to achieve a bigger objective for the firm. The firm is willing to strengthen its REVV Motorsport cluster with this deal. Coming from Hong Kong, Animoca is looking forward to shifting its focus from traditional gaming solutions to the Metaverse gaming ecosystem by integrating the technology into new as well as the existing portfolio. Engine Gaming and Media sold its majority stake of 96% in Eden Games to digital entertainment firm Animoca for $15.3 million on April 7, 2022.

1/ Motorsports @REVV_Token $revv in the Metaverse just got a turbocharge with the extremely talented studio behind @needforspeed @F1MobileRacing and classics like Test Drive any many more @EdenGames has joined the @animocabrands family. #NFTGames https://t.co/LTTN7H3CY6

— Yat Siu (@ysiu) April 11, 2022

Metaverse has gained immense popularity in the gaming and industrial domain in the past few years. With social media giants like Facebook changing its name to Meta to venture around the field, one can easily assess the craze for the new-age technology on the global front. Keeping this in mind, Animoca has made this crucial investment. The firm aspires to launch new blockchain-based racing games for customers as well. Eden Games has a strong presence in the industry and accounts for collaborations with premium automotive brands like Porsche, BMW, Bugatti, BMW, etc. These valuable partnerships will help Animoca to create a robust collection of games for the racing fans.

The REVV Motorsport cluster includes a range of powerful racing games curated on the Polygon blockchain network such as the MotoGP: Ignition, Formula E: High Voltage, and Torque Drift. These gaming products are blockchain-friendly and integrate NFTs. The integration of NFTs will place Animoca in competition with other top-ranked firms like Deloitte. Recently, Animoca was forced to shut stop its F1 Delta Time game as it lost its license with Formula 1. F1 is quite popular in the sector with brands like Binance, Crypto.com, Fantom, etc. sponsoring teams in the sport. The Animoca group is working continuously to curate its native gaming ecosystem for users. It thrives as one of the most potent investors across the NFT and Metaverse space with strategic holdings in Axie Infinity and The Sandbox platforms.

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