The Block: Animoca Brands acquires car racing video game developer Eden Games

The blockchain-focused gaming firm Animoca Brands announced Monday that it acquired the French game developer Eden Games, creator of car racing-focused titles such as GEAR.CLUB , F1 Mobile , Need for Speed: Porsche and V-Rally .

Formerly known as Eden Studios, the firm was a part of Atari until the early 2010s. Eden Games relaunched as an independent studio in 2013.

Monday’s acquisition marks the second racing-focused game firm Animoca Brands has acquired since the beginning of the year. The Hong Kong-based Animoca Brands acquired mobile game developer Grease Monkey — behind titles such as Torque Burnout and Torque Drift — in February of this year.

With this new acquisition, Animoca Brands intends to use Eden Games’ experience to build out its existing play-to-earn game REVV Motorsport as well as other blockchain-based racing video games series.

“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,” Animoca Brands co-founder and executive chairman Yat Siu said in a statement.

In January of 2022, Animoca Brands hit a $5 billion valuation , The Block previously reported.