Animoca Brands has completed its acquisition of digital collectibles and gaming company SOMO.
PANews reported on January 14th that, according to its official blog, Animoca Brands has completed its acquisition of digital collectibles and gaming company SOMO. SOMO owns products such as SOMO Codex, SOMO Duel, and its flagship game SOMO Battlegrounds. Its ecosystem aims to transform digital collectibles into playable, streamable, and tradable assets across games.
Yat Siu, co-founder and executive chairman of Animoca Brands, stated that SOMO is building a cultural operating system for collectibles that complements the company's existing portfolio. By integrating SOMO into its ecosystem, Animoca Brands plans to leverage its global network of games, communities, and partners to drive cross-platform promotion and community growth for the SOMO brand.
You May Also Like
Nubank plans stablecoin integration for credit card transactions
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
Republic Europe Plans Indirect Stake in Kraken Pre-IPO
