Animoca Brands Acquires Australian Game Developer Grease Monkey
Grease Monkey Games will continue to operate under its present management but will align its blockchain-related efforts with those of Animoca.
Animoca Brands, the noted investor in non-fungible token (NFT) and metaverse projects, has acquired Melbourne, Australia-based motorsport games developer Grease Monkey Games.
- Grease Monkey will continue to operate under its present management but will align its efforts relating to blockchain integration, NFTs and play-to-earn capabilities with those of Animoca.
- Financial terms for the acquisition have not been disclosed. Animoca had not responded to CoinDesk's request for this information at press time.
- Among its numerous metaverse-related ventures, Animoca Brands is the developer of play-to-earn motorsport game F1 Delta Time, which uses Animoca's REVV token as its native currency.
- REVV will be integrated into Grease Monkey's games as a part of this acquisition, according to an emailed announcement by Animoca Thursday.
- Animoca's investment portfolio contains play-to-earn game Axie Infinity; Dapper Labs, the company behind NBA Top Shot; and OpenSea, the largest NFT trading platform. Animoca is valued at around $5.5 billion following its latest funding round of almost $360 million last month.
Read more: Animoca Brands and Brinc Launch $30M Guild Program for Play-to-Earn Ecosystems
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
