Animoca Brands has acquired 100% equity of Stryking Entertainment.- Stryking is the operator of the popular fantasy sports game- Football-Stars.
Stryking holds an official license from Deutsche Fu-szlig;ball Liga (-ldquo;Bundesliga-rdquo;), the top-tier German football league, for the right to use all Bundesliga club logos and player pictures in- Football-Stars. Moreover, the fantasy league game includes players from all over the world including the 2nd Bundesliga, Champions League, Europa League, Serie A and the English Premier League (EPL) as well.
Football Starts is a fantasy league game where players have to manage their teams to help them win titles. It provides a real-world experience of managing world-class football teams and offers a plethora of options.
Fantasy Sports: the Perfect Use Case- for Blockchain Gaming and NFTs
Animoca Brands will acquire 100% shares of Stryking- Entertainment in exchange of 1 million euros worth of shares of Animoca and 2 million euros in cash or kind with mutual consent.
Animoca Brands plans to implement features of- blockchain- gaming in Football Stars starting with NFTs. NFTs (Non-Fungible Tokens)- are unique cryptographic tokens that can be traded for other NFTs, FIAT or cryptocurrencies.
Yat Siu, co-founder and chairman of Animoca Brands, said:
-ldquo;The acquisition of Stryking cements Animoca Brands-rsquo; leadership in blockchain games, collectibles and sports. Fantasy sports is a 7 billion dollar industry and a perfect use case for blockchain and NFTs.”
Blockchain gaming with NFT is a new age concept that will drive ownership and efficient expansion into the 7 billion dollar Fantasy Sports industry. Together, they also aim to expand into the Asian markets and introduce- Blockchain Games based on NFT card collectibles.
Dirk Weyel, the founder and CEO of Stryking, added:
-ldquo;We are thrilled about the partnership because Animoca Brands-rsquo; deep knowledge about NFT-based games… will help us tremendously to enhance our platform- Football-Stars- and reach new Asian markets. Together, we are building the next generation of NFT-based collectible card games in partnership with powerful sports brands.”
With the acquisition of Stryking- Entertainment, Animoca Brands adds two important globals brands to blockchain gaming:- Formula 1-reg; and Football stars.- They will implement unique collectibles in the Blockchain gaming in the form of Non-Fungible Tokens (NFTs), that would enhance the security and increase chances of monetization from the Blockchain game.
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