Animoca Brands Acquires Grease Monkey Games to Focus on Adding Blockchain Gaming Elements to Upcoming Motorsport Titles

gadgets.ndtv.com:

In a bid to consolidate its growing presence in the area of blockchain gaming, Web3 investment giant Animoca Brands has now completed the full acquisition of Melbourne-based game developer Grease Monkey Games — a studio that has developed a host of popular motorsport titles such as Torque Burnout and Torque Drift. Established in 2013, Grease Monkey Games' current pipeline of upcoming titles includes a major cross-platform racing game built with Unreal Engine 5 and moving forward, the game studio will be working closely with Animoca Brands to incorporate elements of blockchain tech and non-fungible tokens (NFTs) within its titles.

"The current management of Grease Monkey Games will continue to operate the company after the acquisition, working closely with Animoca Brands to align efforts relating to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy opportunities, and product launches, particularly in connection to Animoca Brands' REVV Motorsport ecosystem," Animoca said in a publicly available statement.

We are incredibly excited to be joining the Animoca Brands family and its vision for the future of gaming! Combining forces to create truly unique and immersive gaming experiences for Motorsport fans.https://t.co/FMTllWecBf

Currently, Grease Monkey Games wields an extensive portfolio of licenced partnerships with vehicle and aftermarket parts manufacturers such as Honda, Nissan, Toyota, Ford, BMW, and Mishimoto. With almost a decade of motorsport game development now under its belt, the studio's titles have amassed more than 45 million downloads across all platforms.

Yat Siu, co-founder and executive chairman of Animoca Brands, said in a statement, "Animoca Brands is