Animoca Brands has completed the acquisition of digital collectibles and gaming company SOMO

According to the official blog, Animoca Brands has completed the acquisition of digital collectibles and gaming company SOMO. SOMO's portfolio includes products such as "SOMO Codex," "SOMO Duel," and its flagship game "SOMO Battleground." Its ecosystem is dedicated to transforming digital collectibles into playable, livestreamable, 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, which complements the company's existing investment portfolio. By integrating SOMO into its ecosystem, Animoca Brands plans to leverage its global network of games, communities, and partners to promote cross-platform expansion and community growth for the SOMO brand.