Animoca Brands acquires Eden Games, developer of Need for Speed: Porsche Unleashed, F1® Mobile Racing, Gear.Club, and Test Drive, from Engine Gaming & Media

11 April 2022, Hong Kong and Lyon, France: 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.

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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.”

 

About Eden Games

Eden Games was founded in Lyon, France, in 1998, to develop one of the most successful game franchises on PlayStation systems: V-Rally. In 2000, the studio expanded its racing expertise with the development of Need For Speed: Porsche for EA. Eden Games experimented in other genres before returning to its roots with Test Drive Unlimited, the first massive open-world racing game franchise. Eden Games today is an independent game studio managed by two of its original co-founders, David Nadal and Jean-Yves Geffroy. The studio is composed of both experienced veterans and highly talented young developers, all driven by the same passion for cars, high-end design, and technology. For more information, visit https://www.edengames.com

 

About Engine Games & Media, Inc.

Engine Gaming and Media, Inc. is traded publicly under the ticker symbol (NASDAQ: GAME) (TSX-V: GAME). Engine provides premium social sports and esports gaming experiences, as well as unparalleled data analytics, marketing, advertising, and intellectual property to support its owned and operated direct-to-consumer properties while also providing these services to enable its clients and partners. The company's subsidiaries include Stream Hatchet, the global leader in gaming video distribution analytics; Sideqik, a social influencer marketing discovery, analytics, and activation platform; WinView Games, a social predictive play-along gaming platform for viewers to play while watching live events; UMG, an end-to-end competitive esports platform powering and broadcasting major esports events, as well as daily community tournaments, matches, and ladders; and Frankly Media, a digital publishing platform used to create, distribute and monetize content across all digital channels. Engine generates revenue through a combination of direct-to-consumer and subscription fees, streaming technology and data SaaS-based offerings, programmatic advertising, and sponsorships.

 

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo, and Grease Monkey Games. Animoca Brands has a growing portfolio of more than 170 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.

 

Contact:

Animoca Brands: press@animocabrands.com

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