Animoca Brands Corporation Ltd has completed the acquisition of Melbourne-based indie game developer Grease Monkey Games.
Grease Monkey Games is the developer of Torque Burnout and Torque Drift, and has a new major motorsport title in development.
The financial details of the acquisition were not disclosed.
Grease Monkey Games adds significant game development capabilities and expertise to Animoca Brands.
“Significantly enhances” development capacities
Animoca Brands co-founder and executive chairman Yat Siu said: “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 capacities.”
Build unique digital experiences
Grease Monkey Games founder and managing director Arran Potter added: “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.”
Post-acquisition plans
The current management of Grease Monkey Games will continue to operate the company after the acquisition.
They will work closely with Animoca Brands to align efforts relating to blockchain integration, fungible tokens, non-fungible tokens (NFTs), play-to-earn capabilities, synergy opportunities and product launches, particularly in connection to Animoca Brands’ REVV Motorsport ecosystem.
Grease Monkey Games’ pipeline includes a major cross-platform racing game built in Unreal Engine 5, to be announced shortly.
Grease Monkey Games
Grease Monkey Games is a motorsport video game developer and publisher founded in 2013 as a contract-based company serving global car manufacturers such as Honda, Nissan, Toyota, General Motors, and Dodge.
In 2014, it shifted gears to develop its own original IP games, including Torque Burnout and Torque Drift, which have been downloaded more than 45 million times across mobile and PC.
It has an extensive portfolio of licensed partnerships with vehicle manufacturers, including Nissan, Toyota, Ford and BMW, and with aftermarket parts manufacturers including Link ECU, Wilwood and Mishimoto.
With a growing roster of professional motorsports athletes such as Adam LZ, Vaughn Gittin Jr, and Mad Mike, and flagship motorsport events such as Formula Drift, RedBull Drift Shifters and GridLife, Grease Monkey Games connects video game enthusiasts and motorsport fans worldwide.