Animoca Brands has acquired 100% equity of Stryking Entertainment. Stryking is the operator of the popular fantasy sports game Football-Stars.
Stryking holds an official license from Deutsche Fußball Liga (“Bundesliga”), the top-tier German football league, for the right to use all Bundesliga club logos and player pictures in Football-Stars. Moreover, the fantasy league game includes players from all over the world including the 2nd Bundesliga, Champions League, Europa League, Serie A and the English Premier League (EPL) as well.
Football Starts is a fantasy league game where players have to manage their teams to help them win titles. It provides a real-world experience of managing world-class football teams and offers a plethora of options.
Fantasy Sports: the Perfect Use Case for Blockchain Gaming and NFTs
Animoca Brands will acquire 100% shares of Stryking Entertainment in exchange of 1 million euros worth of shares of Animoca and 2 million euros in cash or kind with mutual consent.
Animoca Brands plans to implement features of blockchain gaming in Football Stars starting with NFTs. NFTs (Non-Fungible Tokens) are unique cryptographic tokens that can be traded for other NFTs, FIAT or cryptocurrencies.
Yat Siu, co-founder and chairman of Animoca Brands, said:
“The acquisition of Stryking cements Animoca Brands’ leadership in blockchain games, collectibles and sports. Fantasy sports is a 7 billion dollar industry and a perfect use case for blockchain and NFTs.”
Blockchain gaming with NFT is a new age concept that will drive ownership and efficient expansion into the 7 billion dollar Fantasy Sports industry. Together, they also aim to expand into the Asian markets and introduce Blockchain Games based on NFT card collectibles.
Dirk Weyel, the founder and CEO of Stryking, added:
“We are thrilled about the partnership because Animoca Brands’ deep knowledge about NFT-based games… will help us tremendously to enhance our platform Football-Stars and reach new Asian markets. Together, we are building the next generation of NFT-based collectible card games in partnership with powerful sports brands.”
With the acquisition of Stryking Entertainment, Animoca Brands adds two important globals brands to blockchain gaming: Formula 1® and Football stars. They will implement unique collectibles in the Blockchain gaming in the form of Non-Fungible Tokens (NFTs), that would enhance the security and increase chances of monetization from the Blockchain game.