https://ift.tt/rLsh4fm Brands Purchases Eden Games, Plans to Launch More Crypto Racing Games.

TL;DR  Breakdown

• Animoca Brands acquires Eden Games as a new subsidiary.
• Eden Games will be working on the Revv Motorsport Ecosystem

Animoca Brands, an investment enterprise and gaming software company, has notified the general public via a statement on its official website, of the successful addition of Eden Games to its subsidiaries. It is understood that the venture fund firm paid an astounding sum of $16 million to Engine Game and Media for the full ownership of the prominent game studio.

Eden Games was created in 1998 as a part of Atari – previously known as Infogrames – , with its headquarters in France. Since its founding, the business has created a slew of iconic video games which are played on PCs and consoles. Their works include V-Rally, Test Drive Unlimited, and the famous Need for Speed: Porsche Unleashed.

Eden Games to work with Animoca Brands to launch more blockchain-based games.

With this purchase, Amonica Brands looks to further its commitment to exploring the Metaverse and promoting the application of NFTs. The Sandbox and the Arc8 platform are examples of credible blockchain projects already produced by the software enterprise.

The new parent company proposes to utilize Eden Games’ experience and resources to design new and unique titles to join the REVV motorsport universe. This position was re-emphasized via Twitter this morning by Yat Siu, Chief Executive Officer of Animoca Brands.

He tweeted ” 2/ @EdenGames will be making games for the @REVV_Token ecosystem that include utility for the Race Pass generated from F1 Deltatime together with the initial 20 million $revv staking pool race pass owners can earn and many other benefits”

The Revv motorsport universe is made up of P2E titles supported by the Polygon Network. These games employ the Revv token, and they include Revv Racing, Formula E: High Voltage, and MotoGP Ignition. Furthermore, Eden Games will be allowed to improve various aspects of already existing products.

In addition, David Nadal of Eden Games expressed his excitement concerning the turn of events. “We are excited to start the next chapter of Eden Games by joining Animoca Brands. We look forward to producing new experiences that challenge the status quo within the motorsport genre and venture into new frontiers such as Web3 alongside a leader in the space.” He said, per the statement released.

So far, no information on any new games to be designed by this alliance has been released; nevertheless, many anticipate that early efforts will be focused on creating a replacement for F1 Delta Time. The Formula-1 racing game was recently shut down by Animoca Brands due to an inability to renew its license.