According to a ChainCatcher report, citing an official blog post, Animoca Brands has completed the acquisition of digital collectibles and gaming company SOMO. SOMO owns products such as "SOMO Codex," "SOMO Duel," and its flagship game "SOMO Battleground." Its ecosystem is dedicated to transforming digital collectibles into playable, streamable, and tradable assets across games. Yat Siu, co-founder and executive chairman of Animoca Brands, stated that SOMO is building a cultural operating system for collectibles, which complements the company's existing portfolio. By integrating SOMO into its ecosystem, Animoca Brands plans to leverage its global gaming, community, and partner network to promote cross-platform growth and community expansion for the SOMO brand.
Animoca Brands Completes Acquisition of Digital Collectibles and Game Company SOMO
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Summary
According to digital collectibles news, Animoca Brands has finalized the acquisition of digital collectibles and game company SOMO. SOMO's portfolio includes "SOMO Codex," "SOMO Duel," and its flagship title "SOMO Battleground," which focuses on making digital collectibles playable, streamable, and tradable. Animoca Brands co-founder Yat Siu stated that SOMO is building a cultural operating system for collectibles, aligning with the company's strategy. The company plans to leverage its global gaming and partner network to accelerate SOMO's cross-platform growth. This move adds to the latest news in the blockchain gaming sector regarding digital assets.
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