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Animoca Brands teams with MLB Champions game developer Lucid Sight

High potential for MLB Champions blockchain game in Asia as baseball is a popular sport in Japan, Korea, and Taiwan.

MLB Champions game
Lucid Sight’s games have been downloaded more than 1 million times

Animoca Brands Corporation Ltd (ASX:AB1) has entered into a binding term sheet with Lucid Sight, Inc. to promote, market, and distribute Lucid Sight’s portfolios of games in Asia.

Lucid Sight is the developer of virtual reality (VR) and augmented reality (AR) games as well as various blockchain games, including the successful flagship title MLB Champions based on the Major League Baseball franchise.

READ: Animoca Brands secures $12.6 million contract; expands footprint into China

The developer’s other titles include Crypto Space Commander (CSC), Herocade, Polyrunner, Star Drive, Z-Strike, and 405 Road Rage.

Lucid Sight VR and AR games have been downloaded more than 1 million times across the Steam, Gear VR, Oculus Rift, Daydream, and PlayStation platforms.

Lucid Sight collaboration

Animoca will receive a share of net revenues generated by Lucid Sight’s games in Asia, as well as a share of net revenues generated by the games outside of Asia in connection with distribution and publishing deals and other agreements brought by Animoca.

In addition, Animoca will have the right to use assets from Lucid Sight original games in at least two of Animoca’s blockchain titles as non-fungible tokens (NFTs).

Animoca is developing blockchain licencing relationships with prominent sports franchises (recently signed with Formula 1), positioning the company at the forefront of the industry and providing a distribution platform to launch blockchain games and NFTs.

 

Animoca co-founder and chairman Yat Siu said: “We are proud to partner with Lucid Sight and its deeply experienced game development team as we continue to work with major brands to create blockchain-based true digital ownership of in-game assets.

“Baseball is one of the most popular sports in Japan, Korea, and Taiwan - territories that are also pioneers in blockchain adoption - and we see high potential for MLB Champions in the region.”

READ: Animoca Brands partners with global talent platform Talenthouse

Animoca has also participated in a US$6 million round of funding into Lucid Sight. However, the amount invested by the company was not material.

Investors in the round included Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, and Frontier Venture Capital.

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