Animoca Brands Acquires Somo to Expand Web3 Collectibles Push

Animoca Brands has moved to strengthen its position in digital collectibles after acquiring gaming and collectibles studio Somo, expanding its footprint in Web3-native entertainment. Key Takeaways: Animoca Brands acquired Somo to expand its Web3 collectibles strategy. The deal aligns with a sharp early-2026 NFT market rebound. Despite the recent surge, NFT valuations remain far below prior cycle highs. The company said Wednesday that Somo will be integrated into Animoca’s broader Web3 ecosystem, ...