Hong Kong video gaming and metaverse unicorn Animoca Brands is expanding into blockchain-based educational products with its acquisition of TinyTap, a platform that allows users to create their own games, in a bid to transform content creation and ownership in the business segment, reports the South China Morning Post.
In a $38.9 million deal, Animoca is taking an 84.13% stake in TinyTap, which operates a platform for educators and parents to create their own video games without any coding experience.
Animoca said it will leverage its new acquisition to establish a platform for blockchain-based educational user-generated content (UGC).