In a bid to consolidate its rising presence within the space of blockchain gaming, Web3 funding large Animoca Manufacturers has now accomplished the complete acquisition of Melbourne-based recreation developer Grease Monkey Video games — a studio that has developed a number of standard motorsport titles corresponding to Torque Burnout and Torque Drift. Established in 2013, Grease Monkey Video games’ present pipeline of upcoming titles features a main cross-platform racing recreation constructed with Unreal Engine 5 and transferring ahead, the sport studio shall be working intently with Animoca Manufacturers to include components of blockchain tech and non-fungible tokens (NFTs) inside its titles.
“The present administration of Grease Monkey Video games will proceed to function the corporate after the acquisition, working intently with Animoca Manufacturers to align efforts referring to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy alternatives, and product launches, notably in connection to Animoca Manufacturers’ REVV Motorsport ecosystem,” Animoca mentioned in a publicly out there assertion.
We’re extremely excited to be becoming a member of the Animoca Manufacturers household and its imaginative and prescient for the way forward for gaming! Combining forces to create actually distinctive and immersive gaming experiences for Motorsport followers.https://t.co/FMTllWecBf
— Grease Monkey Video games (@GMGStudios) February 17, 2022
At present, Grease Monkey Video games wields an in depth portfolio of licenced partnerships with car and aftermarket components producers corresponding to Honda, Nissan, Toyota, Ford, BMW, and Mishimoto. With nearly a decade of motorsport recreation growth now below its belt, the studio’s titles have amassed greater than 45 million downloads throughout all platforms.
Yat Siu, co-founder and govt chairman of Animoca Manufacturers, mentioned in an announcement, “Animoca Manufacturers is extremely thrilled to welcome Grease Monkey Video games, a workforce that has expertise in growing AAA gaming titles and shares our imaginative and prescient for the open metaverse and, extra particularly, for our personal REVV Motorsport. Grease Monkey Video games not solely provides thrilling titles to our catalogue, however it additionally considerably enhances our growth capabilities.”
In keeping with Animoca Manufacturers, the rationale behind its most-recent acquisition stems from Grease Monkey’s intensive expertise in motorsports video games growth and “established business partnerships throughout motorsports and automotive manufacturing”.
The acquisition additionally implies that Animoca Manufacturers is not going to solely acceptable Grease Monkey’s complete video games catalogue however will even improve its proprietary growth capabilities as the corporate appears so as to add content material to its rising gaming metaverse together with The Sandbox — a blockchain-powered social hub permitting individuals to construct and commerce collections of fantasy and role-playing adventures.