Animoca buys Somo as NFT market rebounds early in 2026
Animoca Brands has acquired Somo, a digital asset management firm, as the NFT market shows signs of recovery in early 2026. This acquisition aims to enhance Animoca's capabilities in managing and monetizing digital assets. The NFT market has experienced a resurgence, with increased trading volumes and renewed interest from investors. Animoca's strategic move reflects its commitment to expanding its portfolio in the evolving digital landscape. The company continues to focus on leveraging blockchain technology to drive innovation in the gaming and entertainment sectors.
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