Animoca Brands acquires 70% stake in game studio Darewise

Animoca Brands, a Hong Kong-based gaming and venture capital firm, announced on April 13 that it has agreed to acquire a majority of the stake in Darewise Entertainment, a Parisian gaming studio.

Darewise’s acquisition marks the latest one made by Animoca Brands in its series of acquisitions of gaming developers. The news came barely a few days after the company purchased French racing gaming developer Eden Games. It also acquired indie motorsport game maker Grease Monkey Games in February, Animoca Brands’ first acquisition of the year 2022.

1/ Incredibly excited to announce that the incredibly talented team at @Darewise creators of the #AAA #MMORPG @LifeBeyond and expert builders of online worlds is joining the @animocabrands fam a quick as to the reasons #NFT #blockchaingames https://t.co/LWLJ4gvQCA

— Yat Siu (@ysiu) April 13, 2022

Darewise is a European gaming studio launched by former Ubisoft game director Benjamin Charbit and former Ubisoft and Crytek tech lead Samuel Kahn. The publisher is currently working on a new play-to-earn (P2E) massively multiplayer online role-playing game (MMORPG) called Life Beyond.

Commenting on Animoca’s latest acquisition, founder and executive chairman Yat Siu said:

“[Darewise Entertainment’s] game Life Beyond is an MMORPG of great beauty and scale that will be a strong addition to the open metaverse. Benjamin and Samuel have built a world-class team that is creating a play-and-earn game universe that is intricate, sophisticated, and deeply engaging.”

Animoca Brands will acquire a 70% stake in Darewise, according to VentureBeat. The two companies will work together to combine Triple-A video game development with “blockchain integration, non-fungible tokens (NFTs), and play-and-earn capabilities.” Animoca will also help Darewise in fast-tracking Web3 development.

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