In a quest to expand metaverse gaming, Animoca Brands has announced the acquisition of Web3 streaming platform Azarus.
Azarus is pioneering blockchain-based game streaming. The strategic move aims to integrate Azarus’ innovative technology into Animoca Brands‘ portfolio, further enhancing the streaming capabilities within Web3 games. The price for the acquisition of the majority stake wasn’t disclosed.
Animoca Brands, which has invested in hundreds of Web3 game companies, wants to solidify its position as a key player in the rapidly expanding Web3 space. By combining Azarus’ expertise in blockchain-powered game streaming with Animoca Brands’ experience in developing and publishing digital games, the deal will align with Animica Brands’ broader goal of harnessing Web3 technology to create a player-owned economy in which creators, gamers, and streamers can control their digital property rights.
Source: Venture Beat