Animoca Brands holds portfolio investments worth $1.5 billion in crypto and blockchain gaming across 340 companies. TinyTap was founded in 2012 and has raised $13 million from investors including Aleph Venture Capital, Inimiti, Reinvent VC, Omega Group Enterprises, Radiant Ventures HK, and others.
The Tel Aviv, Israel-based company is apparently one of the world’s largest educational games libraries. It offers around 200,000 activities from educators and publishers, including Sesame Street and Oxford University Press. It is a platform that enables educators to create and post content –a model known as user-generated content (UGC) – while earning a usage-based share of revenue.
Animoca Brands has just announced on Twitter that they have acquired TinyTap. They now hold an 84.13% stake in TinyTap. Animoca Brands stated that they plan to leverage the acquisition of TinyTap to establish a new business segment for blockchain-based UGC educational content that will allow educators worldwide to generate their own equity.
The main goal is to build an open education system on the blockchain and tokenize the learning process through gamification.
