Alphaton Capital plans takeover: Gamee becomes web3 gaming pioneer!

Alphaton Capital plans takeover: Gamee becomes web3 gaming pioneer!

Alphaton Capital, a company focused on Ton Treasury, has now signed a non-binding declaration of intent to take over a majority stake in the mobile gaming company Gamee. This 100 percent subsidiary of Animoca Brands is said to sell 51 percent of its shares in alphaton. The takeover also includes the purchase of $ 4 million in Gmea and Wat-token from the open market, which underlines the relevance of the transaction.

In the course of this announcement, the market reacted to the news. Alphaton shares initially fell by almost 3% to $ 5.36, but recovered by more than 7% to $ 5.77 in post-interconnected trade. This change indicates the market interests that recognize the potential of this takeover. This positioning is considered a strategically important position as part of a larger vision to promote the Web3 adoption in the Telegram network with its over one billion users.

Strategic investments in Gamee

The declaration of intent stipulates that alphaton will acquire a total of 51% of Gmea and Wat-token in possession of Gamee. In addition, the company plans to buy an additional $ 3 million in Gmee and $ 1 million in WAT on the open market. Gmee acts as the native token of the game ecosystem, which supports rewards and governance on the platform. WAT, on the other hand, is a community token that was specially developed for the Watbird gaming project within the game ecosystem.

Gamee currently has over 119 million registered users and is active on the sound blockchain. This user growth emphasizes the opportunities that Alphaton strives for with this takeover. If the transaction was successfully completed, Gamee would be the first Nasdaq-Noted Web3 Gaming company with gaming assets on a large stock exchange.

Alphaton's strategic realignment

Alphaton, which was previously known as Biotech Inc. Portage, has decided to leave the biotechnology industry behind in order to concentrate on the Toncoin treasury. The company recently applied $ 71 million through a private placement and a credit facility with Bitgo Prime in order to build a $ 100 million toncoin treasury. On September 25, Alphaton announced that $ 30 million have already been invested in Toncoin, which makes the company one of the largest owners in the network.

In the long term, alphaton plans to support tone-based apps in the Telegram mini app ecosystem. This strategy includes the development of leading applications, including sound-based defi protocols and gaming platforms. This means that Alphaton aims to optimally use the possibilities of Web3 in the Telegram network.

This comprehensive strategy and focus on gaming and blockchain technology underline alphaton ambitions in a rapidly growing market. The investment in Gamee could be a decisive step into the future, both for Alphaton and for the framework conditions of the Web3 world.

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