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Animoca Brands buys Nasdaq-listed gaming company Eden Games

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Animoca Brands, one of the biggest investors in the GameFi space, has confirmed the acquisition of 100% of the issued capital of Eden Games (NASDAQ: GAME, TSX-V: GAME), the studio behind popular titles such as Need for Speed: Porsche Unleashed, F1 Mobile racing and Gear.Club.

Per the announcement, Animoca Brands will leverage Eden Games’ expertise and resources to work on new and existing titles in the REVV Motorsport ecosystem and bring to market a number of new blockchain-based racing games.

Eden Games

According to the company, the new games will provide additional utility to NFT Race Passes and the other assets obtained from the asset exchange of Animoca Brands’ F1® Delta Time, which ceased operations in March 2022.

“With its quarter-century of experience 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,” said Yat Siu, co-founder. and CEO of Animoca Brands.

Founded in 1998 as part of Atari, Eden has sold over 13 million games. Meanwhile, its apps have been downloaded over 60 million times.

Additionally, its Gear.Club racing simulator served as the top racing game qualifier for World’s Fastest Gamer, an esports TV show that has been watched by over 400 million households worldwide.

Eden also has long-term partnerships with over 30 established brands in the automotive industry, including BMW, Bugatti, Porsche, Lotus, Pagani and others.

“We are excited to start the next chapter of Eden Games by joining Animoca Brands. We look forward to producing new experiences that challenge the status quo within the automotive genre and venturing into new frontiers like Web3 alongside a leader in space,” said David Nadal, co-founder and head of studio at Eden Games.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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