AlphaTON Capital has signed a share and token investment agreement with Animoca Brands to acquire a controlling stake in GAMEE

ChainCatcher news, the open metaverse and digital property company Animoca Brands announced that it has signed a share and token investment agreement with Nasdaq-listed TON treasury company AlphaTON Capital, under which AlphaTON Capital intends to acquire a controlling stake in Animoca Brands' wholly-owned subsidiary GAMEE.

According to the terms of the letter of intent, AlphaTON Capital intends to acquire 51% of GAMEE's shares, as well as 51% of the GAMEE (GMEE) and Watcoin (WAT) tokens in GAMEE's inventory. Upon completion of the proposed transaction, AlphaTON Capital plans to purchase up to $3 million worth of GMEE tokens and up to $1 million worth of WAT tokens on the open market to enhance its digital asset portfolio.