Australian game developer Grease Monkey Games has been acquired by Animoca Brands, a major investor in NFTs and metaverse projects. Grease Monkey will continue to operate independently but will collaborate with Animoca on blockchain integration, NFTs, and play-to-earn features. This acquisition aligns with Animoca's metaverse strategy and will see Grease Monkey's games incorporate Animoca's REVV token.
Animoca Brands Acquires Australian Game Developer Grease Monkey
Melbourne, Australia, February 17, 2022 - Animoca Brands, a prominent investor in non-fungible tokens (NFTs) and metaverse ventures, has announced the acquisition of Melbourne-based game developer Grease Monkey Games.
Grease Monkey will maintain its current management structure while collaborating with Animoca on blockchain integration, NFTs, and play-to-earn (P2E) capabilities. The financial details of the transaction remain undisclosed, and Animoca has not yet responded to inquiries about the matter.
This acquisition aligns with Animoca Brands' extensive metaverse-related endeavors, including the development of the P2E motorsport game F1 Delta Time, which utilizes Animoca's REVV token as its native currency. Animoca stated in an announcement via email on Thursday that REVV will be integrated into Grease Monkey's games.
Animoca Brands boasts a diverse investment portfolio that includes the popular P2E game Axie Infinity, Dapper Labs (the company behind NBA Top Shot), and OpenSea, the leading NFT trading platform. Following a recent funding round that raised almost $360 million last month, Animoca Brands' valuation is estimated at approximately $5.5 billion.
This acquisition demonstrates Animoca Brands' unwavering commitment to the emerging fields of NFTs, metaverse, and P2E gaming. By incorporating Grease Monkey's expertise into its portfolio, Animoca strengthens its position as a leading innovator in these rapidly evolving spaces.
About Animoca Brands:
Animoca Brands is a global leader in digital entertainment, blockchain, and gamification. The company's portfolio includes investments in over 150 companies, including Axie Infinity, Sandbox, Dapper Labs (NBA Top Shot), OpenSea, and Star Atlas. Animoca Brands is focused on building the infrastructure for a new digital economy based on true digital ownership and play-to-earn economies.
About Grease Monkey Games:
Grease Monkey Games is an award-winning game developer specializing in motorsport games. The company's mission is to create engaging and immersive gaming experiences that capture the thrill and excitement of real-world racing. Grease Monkey's games are enjoyed by millions of players worldwide.
