KEY TAKEAWAYS
- Animoca Brands and AlphaTON Capital propose a strategic acquisition involving GAMEE, a Web3 gaming company.
- AlphaTON Capital aims to acquire a 51% stake in GAMEE and its tokens, enhancing its digital asset portfolio.
- The acquisition aligns with efforts to expand Web3 gaming within the Telegram ecosystem, leveraging its vast user base.
On October 1, 2025, Animoca Brands and AlphaTON Capital Corp. (Nasdaq: ATON) announced they have entered into a non-binding letter of intent (LOI) proposing equity and token investments. The agreement includes the potential acquisition by AlphaTON Capital of a controlling interest in GAMEE, a wholly owned subsidiary of Animoca Brands.
GAMEE, a prominent Web3 gaming company within the Telegram ecosystem, boasts over 119 million registered users and has facilitated more than 10 billion gameplay sessions. The company is particularly popular on Telegram, where it has over 61 million users. The proposed transaction is a key component of AlphaTON Capital’s strategy to expand gaming within the Telegram ecosystem.
Details of the Proposed Acquisition
Under the terms of the LOI, AlphaTON Capital intends to acquire a 51% equity interest in GAMEE, along with 51% of the GAMEE (GMEE) and Watcoin (WAT) tokens held in GAMEE’s treasury. Upon completion of the proposed transaction, AlphaTON Capital plans to enhance its digital asset portfolio by purchasing up to US$3 million of GMEE tokens and US$1 million of WAT tokens on the open market.
The LOI reflects a shared vision between Animoca Brands and AlphaTON Capital to promote digital property rights and expand Web3 accessibility by leveraging Telegram’s extensive user base.
Statements from Company Leaders
Yat Siu, co-founder and executive chairman of Animoca Brands, commented on the potential acquisition, stating that it would mark a significant milestone for Web3 gaming and the TON ecosystem. He emphasized that if completed, the deal would make GAMEE the first Nasdaq-listed Web3 gaming company with gaming assets listed on a major exchange.
Brittany Kaiser, CEO of AlphaTON Capital, highlighted the strategic acquisition as a testament to their belief in GAMEE’s team and the growth opportunities within the Telegram platform. She expressed confidence in GAMEE’s ability to facilitate the mass adoption of open-source and decentralized technologies such as TON.
The transaction is subject to customary closing conditions and final definitive agreements. More details can be found in the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Animoca Brands and AlphaTON Capital Corp. have announced a strategic investment in GAMEE, a Web3 gaming company within the Telegram ecosystem. This move signals a potential shift in Web3 gaming dynamics, particularly as it involves a Nasdaq-listed entity.
A recent report highlights the growing emphasis on skill-based gaming platforms and the integration of artificial intelligence in Web3 gaming. The proposed acquisition by AlphaTON Capital aligns with these trends by potentially enhancing GAMEE’s platform capabilities and expanding its reach within the Telegram ecosystem.
According to Cointelegraph, listing on Nasdaq can significantly impact Web3 gaming companies by providing institutional credibility and access to broader capital markets. This supports the strategic importance of the acquisition, as it positions GAMEE to leverage these benefits and potentially accelerate its growth.
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