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Fashionable Occasions Group-owned firm Kongregate has introduced an acquisition of Chilean cell studio Gamaga. The deal ought to assist it broaden its blockchain capabilities, together with the event of Web3 video games.
Kongregate’s “8-bit metaverse” Bitverse
The monetary phrases of the acquisition stay undisclosed, however it values Gamaga at between $5 million and $7 million. The deal is predicted to shut this month.
Gamaga has already collaborated with Kongregate on a number of blockchain gaming tasks. The Santiago-based studio at the moment employs round 40 individuals, who’ve expertise in cell improvement, art work, in addition to 2D and pixel artwork.
Kongregate will use Gamaga’s experience to create new blockchain and NFT video games.
“The transaction will allow us to proceed executing on our NFT technique and transfer sooner in direction of our imaginative and prescient of making an built-in gaming expertise that permits gamers to grow to be homeowners of their gaming journey,” Kongregate CEO Markus Lipp stated in a press release. “It’s my pleasure to welcome all of Gamaga’s proficient crew to our gaming village. I sit up for proceed our shut work to place Kongregate as a pioneer in NFT gaming.”
In Might, Kongregate and Immutable X launched a $40 million fund for blockchain recreation builders, who will be capable of obtain grants within the type of IMX tokens.
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