Yahoo Finance ChromaWay Doubles Down on Gaming With Antler Interactive Acquistion
Blockchain startup ChromaWay acquired Antler Interactive, a European immersive game studio in a bid to build out its existing game catalog.
ChromaWay, the Stockholm-based blockchain services provider, plans to add Antler’s upcoming suite of games to its own blockchain Chromia, with the acquisition, a spokesperson from the company said. Antler will remain a separate company, though one that will now work closely with ChromaWay to develop more blockchain games.
The spokesperson declined to disclose financial terms on the deal, which was announced Wednesday.
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Formed in 2014, ChromaWay develops both public and private blockchains for the real estate and finance industries. It raised approximately $14 million through its CHR token sale in October last year, according to Crunchbase.
Chromia Studios, ChromaWay’s game unit, launched earlier this year, partnering with game designer Workinman Interactive to develop games on top of the blockchain network.
“Antler Interactive, with their knowledge and focus in blockchain technology applied to gaming, will integrate their games on our relational blockchain platform, Chromia,” the spokesperson said.
Antler Interactive, formerly known as SVRVIVE Studios, claims it has created some of the best-selling virtual reality games, like SVRVIVE: The Deus Helix, and its most recent release was the puzzle-adventure game Krystopia: A Puzzle Journey.
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Krystal Kart AR, released at the beginning of 2019, is Antler’s first AR game built with blockchain integration, according to the studio.
“Antler Interactive has continuously been pioneering gaming for new technologies. Partnering with them allows us to expand ChromaWay’s mission to build the underlying framework for a decentralized society.” Henrik Hjelte, ChromaWay’s CEO, said in a statement.
