Animoca Brands, the gaming and virtual worlds-focused company, said Thursday morning that it has acquired Grease Monkey Games, a development studio that has produced several mobile-focused titles.
"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," Animoca said in an emailed statement. The terms of the deal were not immediately available.
To date, the Australia-based Grease Monkey Games has focused on motorsports-centric games, 2015's Torque Burnout and 2017's Torque Drift. Both are free-to-play games that feature licensed versions of cars from popular automakers.
Earlier this year, Animoca garnered hundreds of millions of dollars in fresh funds to fuel its gaming and metaverse strategies.
"Grease Monkey Games not only adds exciting titles to our catalog, but it also significantly enhances our development capabilities," Yat Siu, co-founder and executive chairman of Animoca Brands, said of the deal.