Animoca Brands Acquires Game Studio That Focusses on Motorsport Titles

In a bid to consolidate its rising presence within the space of blockchain gaming, Web3 funding big Animoca Manufacturers has now accomplished the total acquisition of Melbourne-based sport developer Grease Monkey Video games — a studio that has developed a number of in style motorsport titles comparable to Torque Burnout and Torque Drift. Established in 2013, Grease Monkey Video games’ present pipeline of upcoming titles features a main cross-platform racing sport constructed with Unreal Engine 5 and shifting ahead, the sport studio will probably be working carefully with Animoca Manufacturers to include parts of blockchain tech and non-fungible tokens (NFTs) inside its titles.

“The present administration of Grease Monkey Video games will proceed to function the corporate after the acquisition, working carefully with Animoca Manufacturers to align efforts referring to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy alternatives, and product launches, significantly in connection to Animoca Manufacturers’ REVV Motorsport ecosystem,” Animoca mentioned in a publicly obtainable assertion.

At present, Grease Monkey Video games wields an intensive portfolio of licenced partnerships with car and aftermarket elements producers comparable to Honda, Nissan, Toyota, Ford, BMW, and Mishimoto. With virtually a decade of motorsport sport growth now beneath its belt, the studio’s titles have amassed greater than 45 million downloads throughout all platforms.

Yat Siu, co-founder and government chairman of Animoca Manufacturers, mentioned in a press release, “Animoca Manufacturers is extremely thrilled to welcome Grease Monkey Video games, a crew that has expertise in creating AAA gaming titles and shares our imaginative and prescient for the open metaverse and, extra particularly, for our personal REVV Motorsport. Grease Monkey Video games not solely provides thrilling titles to our catalogue, but it surely additionally considerably enhances our growth capabilities.”

In response to Animoca Manufacturers, the rationale behind its most-recent acquisition stems from Grease Monkey’s intensive expertise in motorsports video games growth and “established trade partnerships throughout motorsports and automotive manufacturing”.

The acquisition additionally signifies that Animoca Manufacturers won’t solely applicable Grease Monkey’s complete video games catalogue however may also improve its proprietary growth capabilities as the corporate seems to be so as to add content material to its rising gaming metaverse together with The Sandbox — a blockchain-powered social hub permitting individuals to construct and commerce collections of fantasy and role-playing adventures.