AlphaTON Capital has signed a share and Token investment protocol with Animoca Brands, intending to acquire a controlling interest in GAMEE.

According to a report from Deep Tide TechFlow, on October 1st, the metaverse and digital property company Animoca Brands announced that it has signed an equity and token investment agreement with NASDAQ-listed TON treasury company AlphaTON Capital, which stipulates that AlphaTON Capital intends to acquire controlling interest in Animoca Brands' wholly-owned subsidiary GAMEE. According to the terms of the letter of intent, AlphaTON Capital plans to acquire 51% of GAMEE's equity, as well as 51% of GAMEE's inventory of GAMEE (GMEE) and Watcoin (WAT) tokens. 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 in the open market to enhance its digital asset portfolio.