Hong Kong-based Web3 investor and open metaverse firm Animoca Manufacturers has agreed to accumulate WePlay Media Holdings (the only real shareholder of XXL Racing, an official licensee of MotoGP) and WePlay Media LLC (the developer of MotoGP Championship Quest).
The meant acquisition of WePlay Media is an all-cash transaction. The completion is topic to the satisfaction of sure customary situations.
Animoca Manufacturers is the title sponsor of the MotoGP Gran Premio Animoca Manufacturers de Aragón.
Following the acquisition by Animoca Manufacturers, WePlay Media COO Graeme Warring will proceed to steer the agency and drive MotoGP initiatives. He’ll work with Animoca’s REVV Motorsport group, which operates the blockchain sport MotoGP Ignition.
Additionally Learn: Animoca Manufacturers rakes in US$125M from Temasek, TGV, others
WePlay Media was based by 20-year online game veteran Mark DeSimone and Warring to deliver AAA-quality cell experiences and content material targeted on MotoGP to market. Based mostly in Phoenix, Arizona, with extra workplaces within the Philippines, it was established to develop MotoGP Championship Quest, a serious cell sport for the MotoGP model.
MotoGP, which claims to achieve practically half a billion houses and have greater than 40 million social media followers, first partnered with Animoca in 2019. The 2 firms partnered to supply MotoGP Ignition, a aggressive administration and collectibles sport platform primarily based on MotoGP, and that’s a part of the REVV Motorsport ecosystem of play-and-earn video games.
In June 2022, Animoca Manufacturers introduced that it will assume prime billing as title sponsor for a number of MotoGP Grands Prix in 2022 and 2023.
The acquisition of WePlay Media will enable Animoca Manufacturers to develop on its present relationship with Dorna Sports activities as a sponsor, NFT licensor, collectible playing cards supplier, and blockchain sport developer and writer.
With MotoGP Championship Quest, the official MotoGP cell racing sport on its steady, the corporate will be capable of develop an built-in expertise for MotoGP Ignition gamers and past.
MotoGP Championship Quest, launched in 2017, has over 50 million downloads on cell platforms and round 1.2 million month-to-month lively customers globally.
In 2021, gamers of MotoGP Championship Quest took half in additional than 68 million races, taking the variety of races as much as half a billion since launch, with followers investing round 1.7 million hours taking part in the sport. In the meantime, the MotoGP Fan World Championship metagame continues to develop in reputation and is backed by among the largest names in motorsport.
After finishing the meant acquisition, Animoca Manufacturers and WePlay Media will start integrating the REVV ecosystem with WePlay Media’s merchandise to ship play-and-earn alternatives, construct on present partnerships, and welcome new partnerships to amplify fan engagement.
Yat Siu, Co-Founder and Government Chairman of Animoca Manufacturers, commented: “The acquisition of WePlay Media will increase our engagement with followers of the wonderful sport of MotoGP, unlocking highly effective publicity in each the metaverse and conventional gaming. We’re gaining a novel platform to implement our Web3 technique by incorporating our motorsport-based REVV Token and NFT packages with the official MotoGP cell sport and deepening our strategic relationship with MotoGP.”
Graeme Warring, Co-Founder and COO of WePlay Media and co-creator of MotoGP Championship Quest, stated: “Animoca Manufacturers has the flexibility to achieve tons of of tens of millions of customers in core progress demographics to develop the game’s fan base and create engagement alternatives for the riders, groups and sponsors. Our highly effective attain in Asia, specifically, aligns with the most important markets on the planet for motorbike gross sales and followers.”
Animoca Manufacturers develops and publishes a broad portfolio of merchandise, together with the REVV token and SAND token; unique video games together with The Sandbox, Loopy Kings, and Loopy Protection Heroes; and merchandise utilising common IPs together with Disney, WWE, Snoop Dogg, The Strolling Useless, Energy Rangers, MotoGP, and Components E.
Its subsidiaries embrace The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Video games, Eden Video games, Darewise Leisure, Notre Sport, TinyTap, and Be Media.
Animoca Manufacturers has a rising portfolio of greater than 340 investments, together with Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA High Shot), Yield Guild Video games, Concord, Alien Worlds, Star Atlas, and others.
Additionally Learn: Animoca Manufacturers banks US$75M+ extra to fund strategic acquisitions, investments
In July this yr, Animoca Manufacturers accomplished a capital elevate of US$75.32 million. It was the second tranche of the US$359 million funding spherical led by Liberty Metropolis Ventures, introduced on 18 January 2022.
Final month, Animoca Manufacturers’s Japan unit raised a complete of US$45 million from MUFG Financial institution and its guardian.
TGV has been an early backer of Animoca Manufacturers since early 2019.
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