TechFlow news, on October 1, open metaverse and digital property rights company Animoca Brands announced it has signed an equity and token investment agreement with AlphaTON Capital, a Nasdaq-listed TON treasury company, under which AlphaTON Capital intends to acquire controlling interest in GAMEE, a wholly-owned subsidiary of Animoca Brands. According to the terms of the letter of intent, AlphaTON Capital intends to acquire 51% of the equity in GAMEE, as well as 51% of the GAMEE (GMEE) and Watcoin (WAT) tokens held 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 public market to strengthen its digital asset portfolio.
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