- Animoca Brands has acquired WePlay Media upon closing several multi-million dollar fund rounds with Temasek.
- The acquisition will enable Animoca to take forward its current relationship with Dorna Sports.
- Upon the completion of acquisition, Animoca Brands and WePlay Media will integrate the REVV ecosystem and deliver play-and-earn opportunities, engage in more partnerships and strengthen ongoing partnerships.
Animoca Brands has announced another acquisition; thus, expanding its portfolio of gaming subsidiaries.
We are pleased to announce that Animoca Brands has entered into a Membership Interest Purchase Agreement for the intended acquisition of WePlay Media, the developer of the highly popular @MotoGP Championship Quest.
Read the full announcement: https://t.co/RxFMpmTcGY#NFTs #web3 pic.twitter.com/dNLXmiV75J
— Animoca Brands (@animocabrands) September 16, 2022
The firm has acquired WePlay Media, which is known for developing MotoGP Championship Quest. The agreement shows how the acquisition is an attempt to boost the engagement of users in motorsport mobile gaming.
The co-founder and chief operating officer of WePlay Media and co-creator of MotoGP, Graeme Warring, said that the acquisition is an interesting development and will support both parties in their goal of increasing the reach to motorcycle fans worldwide.
The co-founder and executive chairman of Animoca Brands, Yat Siu, emphasized on the valuable engagement of both MotoGP as well as various other motorsport-based games under Animoca.
MotoGP’s recent Global Fan Survey shows that there are high levels of engagement and interest in the community when it comes to participating in competitive mobile gaming. The survey showed that between the age group of 16-24 years, 79% of respondents are involved in competitive gaming, weekly. 54% of fans are located in the Asia-Pacific region.
Animoca is actively developing the motorsport gaming sector, which becomes clear from the fact that it brought NFT programs and a motorsport-inspired REVV token rewards ecosystem in the MotoGP game.
In April, Animoca acquired Eden Games, which is known for the development of the Test Drive series, Gear.Club and several known racing games.
Last month, Grease Monkey Games, subsidiary of Animoca got funding to develop Torque Drift 2, the blockchain-dependent motorsports game.
On September 8, Animoca received a successful funding of $110 million led by Temasek. The firm has plans for strategic acquisitions through the funds.
Throughout the web3 space, Animoca has investments in operations like Axie Infinity, DapperLabs, The Sandbox, SkyMavis and more.
To find out more about the acquisition in detail and related facts, check out Animoca Brands’ official blog.