Animoca Brands to acquire WePlay Media

Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, today announced that it has entered into a Membership Interest Purchase Agreement (the “Agreement”) for the intended acquisition of WePlay Media Holdings LLC, the sole shareholder of XXL Racing LLC, an official licensee of MotoGP™, and WePlay Media LLC, the developer of the highly popular MotoGP™ Championship Quest (WePlay Media Holdings LLC together with its subsidiaries are collectively “WePlay Media”). The intended acquisition was announced at the MotoGP™ Gran Premio Animoca Brands de Aragón, for which Animoca Brands is the title sponsor. It was established to develop MotoGP™ Championship Quest, a major mobile game for the MotoGP™ brand. The acquisition of WePlay Media will allow Animoca Brands to expand on its existing relationship with Dorna Sports as a sponsor, NFT licensor, collectible cards provider, and blockchain game developer and publisher. Meanwhile, the MotoGP™ Fan World Championship meta game continues to grow in popularity and is backed by some of the biggest names in motorsport. Graeme Warring, the co-founder and COO of WePlay Media and co-creator of MotoGP™ Championship Quest, said: “This acquisition is an exciting development for WePlay Media and for the MotoGP Championship. The intended acquisition of WePlay Media is an all-cash transaction and not considered material to Animoca Brands.

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