Animoca Brands acquires indie game studio Grease Monkey Games
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Animoca Brands has acquired motorsport game maker Grease Monkey Games.
Melbourne, Australia-based Grease Monkey Games makes mobile and PC-based racing games such as Torque Burnout and Torque Drift. Its titles have been downloaded more than 45 million times around the world.
Arran Potter, a veteran of the video visual effects industry, started the studio in 2013. The company will add significant game development capabilities to Animoca Brands, which is an investment firm and holding company for multiple blockchain-based game studios.
“We are incredibly excited to be joining the Animoca Brands family and its vision for the future of gaming,” said Potter, in a statement. “With our combined experience and licensed partners, we can build unique digital experiences for the REVV ecosystem. Blockchain technology will play a large part in the future of gaming and the web at large, and I can’t think of a better partner to work with than Animoca Brands.”
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In January, Animoca Brands raised $358.8 million at a $5 billion valuation. Animoca Brands has made more than 150 investments.
Grease Monkey Games’ pipeline includes a major cross-platform racing game built in Unreal Engine 5, to be announced shortly. 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.
Yat Siu, co-founder
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