Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Monday it has completed the acquisition of 100 percent of the issued capital of French racing game developer Eden Games S.A.S. from Engine Gaming & Media.

Animoca Brands said in a statement that it will leverage the expertise and capabilities of Eden Games to work on existing and new titles in the REVV Motorsport ecosystem and to bring to market a series of new blockchain-based racing games.

The new games will provide additional utility to the non-fungible token (NFT) race passes and the other assets obtained by swapping assets from Animoca Brands’ F1® Delta Time, which ceased operations in March 2022.

“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,” said Yat Siu, Co-Founder and Executive Chairman of Animoca Brands.

Eden Games is a racing game studio with products ranging from pure racing to open-world and management racing games. It was founded in 1998 and os managed by two of its original Co-Founders David Nadal and Jean-Yves Geffroy. The company has strong experience in developing award-winning racing games across the mobile, console and PC platforms, including Need for Speed: Porsche Unleashed, F1® Mobile Racing, and the franchises Gear.Club, Test Drive, and V-Rally. It has over 13 million game boxes sold and over 60 millions app downloads worldwide.

In March, at Apple Inc.’s Peek Performance event, Apple announced Eden Games’ latest expansion of the Gear.Club franchise, Gear.Club Stradale, as the “next big release” coming exclusively to Apple Arcade.

Gear.Club is a hyper-realistic racing simulator and served as the primary racing game for the open qualifiers of World’s Fastest Gamer, a first-of-its-kind competition that transits motorsport gamers into real-world champions. World’s Fastest Gamer has over 400 million TV and video on demand viewers with over 100 broadcasters in more than 50 countries plus additional distribution on ESPN, EURO Sport, and Amazon.

Eden Games also has long term partnerships with more than 30 established brands in the automotive industry, including BMW, Bugatti, Porsche, Lotus, Pagani, and many 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 motorsport genre and venture into new frontiers such as Web3 alongside a leader in the space,” said David Nadal, Co-Founder and Head of Studio of Eden Games.

Animoca Brands is a company involved in digital entertainment, blockchain, and gamification that is working to advance digital property rights. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E.

The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo, and Grease Monkey Games. It has a growing portfolio of more than 170 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others.

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