Animoca Brands and AlphaTON Capital announce equity and token investments; AlphaTON intends to acquire GAMEE

Core Insights - Animoca Brands and AlphaTON Capital have entered into a non-binding letter of intent proposing equity and token investments, including the potential acquisition of a controlling interest in GAMEE, a subsidiary of Animoca Brands [1][4] - The proposed acquisition aims to enhance AlphaTON Capital's strategy to expand gaming within the Telegram ecosystem, which has over a billion monthly active users [1][2] Company Overview - GAMEE has over 119 million registered users and has facilitated over 10 billion gameplay sessions across its platforms, making it a prominent player in the Web3 gaming sector within the Telegram ecosystem [2][10] - AlphaTON Capital plans to acquire a 51% equity interest in GAMEE and 51% of the GAMEE (GMEE) and Watcoin (WAT) tokens held in GAMEE's treasury, with intentions to purchase up to US$3 million of GMEE tokens and US$1 million of WAT tokens on the open market [3][4] Strategic Vision - The collaboration reflects a shared vision to promote digital property rights and enhance Web3 accessibility by leveraging the Telegram platform [4][5] - The acquisition is seen as a significant milestone for Web3 gaming and the TON ecosystem, potentially making GAMEE the first Nasdaq-listed Web3 gaming company [5][10] Leadership Statements - Yat Siu, co-founder of Animoca Brands, emphasized the strategic importance of the acquisition for both companies and the potential for profitable operations in the digital asset space [5] - Brittany Kaiser, CEO of AlphaTON Capital, highlighted the opportunity to support the growth of businesses within the Telegram ecosystem and the mass adoption of decentralized technologies [5][8]