Pantera Capital Invests in Animoca Brands' Mobile Gaming Platform GAMEE

IconCryptoNewsTerminal Staff22 Aug, 2024

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Pantera Capital Invests in Animoca Brands' Mobile Gaming Platform GAMEE

Pantera Capital, a cryptocurrency investment firm, has made an undisclosed investment in GAMEE, a mobile gaming platform owned by Animoca Brands, a blockchain and NFT gaming investment firm. GAMEE operates a Telegram-based mini-app. The investment is a strategic move for both companies. Pantera Capital gains exposure to the growing mobile gaming market, while Animoca Brands gains access to Pantera Capital's expertise in the cryptocurrency space. GAMEE is a popular mobile gaming platform with over 20 million active users. The platform offers a variety of games, including casual games, puzzle games, and action games. GAMEE also has a strong presence in the esports community, hosting regular tournaments and competitions. Pantera Capital is a leading cryptocurrency investment firm with over $1 billion in assets under management. The firm has invested in a wide range of cryptocurrency and blockchain companies, including Coinbase, Kraken, and Circle. The investment in GAMEE is a sign of the growing interest in the blockchain gaming space. Blockchain technology has the potential to revolutionize the gaming industry by creating new ways to create, distribute, and monetize games.

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