Animoca Brands announced it has completed the acquisition of 80.45% of the issued capital of TinyTap Limited (TinyTap) for a consideration of $38.875 million in cash and shares. Animoca Brands now holds a 84.13% stake in TinyTap.
TinyTap is a user-generated content (UGC) educational technology company that provides a no-code platform enabling educators to create and distribute interactive educational content while earning a usage-based revenue share. Animoca Brands will 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.
