Animoca Brand’s GAMEE set to become first publicly-listed web3 firm

AlphaTON Capital has signed a non-binding letter of intent to acquire a controlling 51% stake in GAMEE from Animoca Brands, a move that could culminate in the subsidiary becoming the first publicly-listed Web3 gaming company on Nasdaq. 

The landmark agreement also includes AlphaTON’s acquisition of a majority of GAMEE’s ecosystem tokens, including $GMEE and $WAT.

Per its corporate reporting, GAMEE describes itself as a highly active Web3 gaming platform on Telegram, citing over 119m registered users and 10b gameplay sessions. 

The company also claims its integration with Telegram provides a direct channel to a global audience, with over 60m users engaging directly on the platform.

Furthermore, AlphaTON, a Nasdaq-listed digital asset treasury company centred on the TON blockchain and Telegram ecosystem, also intends to reinforce the deal by purchasing up to US$3 million (~£2.36 million) of $GMEE and US$1 million (~£790,000) of $WAT on the open market. 

The move underscores its ambition to embed blockchain gaming within Telegram’s billion-plus users.

Animoca’s co-founder and executive chairman, Yat Siu, described the planned sale as a milestone for both Web3 gaming and TON. He argued that a listed parent company with on-chain assets could demonstrate how profitable ventures strengthen digital treasuries. 

The proposed transaction extends Animoca’s established strategy in Web3, building upon its recent partnership with Cross The Ages, open-market token acquisitions, and a vast portfolio of over 540 blockchain investments.

This hybrid acquisition model, where traditional equity control is combined with deep tokenomic integration, establishes a new precedent for corporate strategy in the Web3 gaming sector. 

With command over both the company and its core assets, AlphaTON can now aggressively expand GAMEE’s presence across the competitive gaming and esports arena.