Animoca Brands acquires indie game studio Grease Monkey Games

Animaco Brands shifting gears and expands its portfolio, this time in a more racing-driven way.
grease monkey animoca brands
A screenshot from Grease Monkey Games’ Torque Drift (Credit: Steam)

Animoca Brands has acquired motorsport game maker Grease Monkey Games.

With more than 45 million downloads worldwide, Melbourne-based Grease Monkey Games studio develops mobile and PC-based racing games like Torque Burnout and Torque Drift. The 9-year-old company will enhance the game development capabilities of Animoca Brands, an investment firm that we have been covering for a while regarding their recent fund and partnership with blockchain-based game studios news.

“We are incredibly excited to be joining the Animoca Brands family and its vision for the future of gaming. With our combined experience and licensed partners, we can build unique digital experiences for the REVV ecosystem. Blockchain technology will play a large part in the future of gaming and the web at large, and I can’t think of a better partner to work with than Animoca Brands.”

Arran Potter, founder of Grease Monkey Games.

Animoca Brands raised $358.8 million at a $5 billion valuation in January. The company has more than 150 investments in the gaming and cryptocurrency industries. The current management of Grease Monkey Games will keep leading the company after the acquisition, hand in hand with Animoca Brands. Together, these two companies will work on all things Web3: Blockchain implementations, NFTs, play-to-earn games, and new product launches regarding Animoca Brands’ REVV Motorsport ecosystem.

“Animoca Brands is incredibly thrilled to welcome Grease Monkey Games, a team that has experience in developing AAA gaming titles and shares our vision for the open metaverse and, more specifically, for our own REVV Motorsport. Grease Monkey Games not only adds exciting titles to our catalogue, but it also significantly enhances our development capabilities.”

Yat Siu, co-founder and executive chairman of Animoca Brands.

Starting as a contract worker for global car manufacturers initially, Grease Monkey Games became independent to develop its original games after a year. Driven by the love of motorsport and games, the company holds its ground well: Worked with Honda, GM, and Dodge; has partnerships with vehicle manufacturers like BMW, Nissan, Toyota, Ford, and professional motorsports athletes like Mad Mike, Adam LZ, Vaughn Gittin Jr.

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