- This is a development company from Hamburg
- They make games and mobile apps
- Now Animoca Brands will open an office in Germany
Gaming giant Animoca Brands and its subsidiary The Sandbox acquired German gaming studio Sviper. This brand is known for the Super Spell Heroes arcade. He has been in the industry since 2016. In addition to games, developers create mobile applications, applications for social networks and other software. The M&A process was overseen by an auditor from Agnitio Capital.
Sviper will become another member of the team of the big empire The Sandbox. And their parent company, Animoca Brands, entered the German market through a merger.
However, this cooperation began more than a year ago. So the developers’ products are fully integrated into the metaverse ecosystem.
The Sviper team is currently based in Hamburg and has 40 employees. The studio announced that it is opening new vacancies in connection with the expansion.
Here is how Sviper CEO and co-founder Ole Shaper comments on the news:
“We are thrilled to be part of The Sandbox and contribute to the development of an advanced virtual world that combines gaming, creativity and communication. The Sandbox has huge potential and we look forward to working with the team to bring these ideas to life.”
In early February, The Sandbox and Saudi Arabia signed a memorandum of understanding. They do not disclose details, but apparently, we are talking about a partnership in the field of WEB3. Like the UAE, Saudi Arabia has a strong interest in innovative technologies.