Animoca Brands Acquires Eden Games, Creator Of Need For Speed & Wider Motorsport Portfolio
By Community | April 13, 2022
Animoca Brands, the company advancing digital property rights for gaming and the metaverse, today announced it has completed the acquisition of 100% of the issued capital of Eden Games S.A.S. from Engine Gaming & Media (NASDAQ: GAME; TSX-V: GAME). Eden Games is a highly respected and successful racing game studio with products ranging from pure racing to open-world and management racing games.
Eden Games was founded in 1998 and is based in France. The company has strong experience in developing award-winning racing games across the mobile, console and PC platforms, including Need for Speed: Porsche Unleashed, F1® Mobile Racing, and the franchises Gear.Club, Test Drive, and V-Rally. Eden Games has over 13 million game boxes sold and over 60 millions app downloads worldwide.
In March, at Apple Inc.’s Peek Performance event, Apple announced Eden Games’ latest expansion of the Gear.Club franchise, Gear.Club Stradale, as the “next big release” coming exclusively to Apple Arcade (see Engine Games & Media’s announcement).
Gear.Club is a hyper-realistic racing simulator and served as the primary racing game for the open qualifiers of World’s Fastest Gamer, a first-of-its-kind competition that transits motorsport gamers into real-world champions. World’s Fastest Gamer has over 400 million TV and video on demand viewers with over 100 broadcasters in more than 50 countries plus additional distribution on ESPN, EURO Sport, and Amazon.
Eden Games also has long term partnerships with more than 30 established brands in the automotive industry, including BMW, Bugatti, Porsche, Lotus, Pagani, and many others.
Animoca Brands will leverage the expertise and capabilities of Eden Games to work on existing and new titles in the REVV Motorsport ecosystem and to bring to market a series of new blockchain-based racing games. The new games will provide additional utility to the NFT Race Passes and the other assets obtained by swapping assets from Animoca Brands’ F1® Delta Time, which ceased operations in March 2022.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “With its quarter of a century of expertise in building high-quality motorsport video games, Eden Games will enhance and accelerate the development of the REVV Motorsport ecosystem and add powerful value to the REVV community and the racing metaverse.”
David Nadal, co-founder and head of studio of Eden Games, said: “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.”