Blockchain gaming platform, Animoca Brands, has completed the acquisition of French game developer – Eden Games. The latter is the publisher of popular racing games including Need for Speed: Porsche Unleashed, F1® Mobile Racing, and the franchises Gear.Club, Test Drive, and V-Rally.
The focus will be to capitalize on enhancing its REVV ecosystem while introducing more blockchain-powered racing games.
Animoca Brands is on an acquisition spree, with two such deals this year alone. According to the latest announcement, the gaming and venture capital firm plans to utilize Eden Games’ expertise and capabilities to focus on enhancing its REVV Motorsport (REVV) ecosystem. It also intends to launch a series of new blockchain-based racing games.
Following the announcement, Yat Siu, co-founder and executive chairman of Animoca Brands, stated,
“With its quarter of a century of expertise in building high-quality motorsport video games, Eden Games will enhance and accelerate the development of the REVV Motorsport ecosystem and add powerful value to the REVV community and the racing metaverse.”
Launched in 1998, Eden Games was formerly known as Eden Studios. In the next two years, it had expanded its racing expertise and also dipped its toes into other genres.
Some of its high-profile partners include BMW, Bugatti, and Porsche, among others. The latest news comes just a week after Engine Gaming and Media, the original owner, revealed selling its 96% interest in Eden Games for approximately $15.3 million in cash consideration.
This isn’t Animoca’s first acquisition. In fact, the company has been very active in gaming, NFT, and Metaverse projects. In February, it announced completing the acquisition of 100% of Melbourne-based indie game developer Grease Monkey Games.
The Hong Kong-based company has also backed over 170 investments in NFT-dedicated companies and decentralized projects. It unveiled a $30 million Guild Accelerator Program to boost the play-to-earn (p2e) ecosystem.
As reported earlier, the acceleration program would prioritize projects that vouch for sustainability and boast a lower physical footprint, thereby focusing more on energy-efficient proof-of-stake (PoS) protocols and side chains. More recently, Animoca also participated in a $10 million Series A funding round of London-based blockchain gaming startup Lava Labs.
Some of the original games under its hood are The Sandbox, Crazy Kings, and Crazy Defense Heroes.