According to the official blog, Odaily Odaily reports that Animoca Brands has completed its acquisition of SOMO, a digital collectibles and gaming company. SOMO owns products such as SOMO Codex, SOMO Duel, and its flagship game SOMO Battleground. 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.
