Honeyland, a strategy game on the Solana blockchain by Hexagon Studios, has been acquired by BRAVO READY to expand its product portfolio for real-time revenue generation.
The acquisition deal did not disclose a specific value, while Honeyland had previously raised $4 million, with a valuation of $20 million.
MAIN CONTENT
Honeyland is a strategic blockchain game on the Solana platform developed by Hexagon Studios.
BRAVO READY has acquired Honeyland, adding to its product portfolio that generates real-time revenue.
Honeyland previously raised $4 million, with a valuation of $20 million before being acquired.
What is Honeyland and where does it come from?
Honeyland is a strategy game developed on the Solana blockchain, created and launched by Hexagon Studios. This product has attracted attention due to its gameplay model that combines blockchain technology, creating a fresh experience for players and investors. Before being acquired, Honeyland successfully raised $4 million with a valuation of $20 million, demonstrating strong growth potential.
What kind of company is BRAVO READY and why did it acquire Honeyland?
BRAVO READY is a game infrastructure developer, specializing in providing technology solutions that help game products operate efficiently and generate real-time revenue. The acquisition of Honeyland is a strategic move to expand the product portfolio while leveraging the growth momentum of the blockchain gaming market. The CEO of BRAVO READY believes this deal represents the ambition to dominate the booming blockchain gaming segment.
“Honeyland adds a solid strategic and blockchain technology platform, helping BRAVO READY achieve sustainable growth in the modern gaming sector.”
Nguyễn Văn An, CEO of BRAVO READY, July 2024
Detailed information about the Honeyland acquisition deal
The acquisition price of Honeyland has not been officially disclosed by BRAVO READY. However, with a valuation of $20 million and $4 million raised previously, this appears to be a strategic investment deal of considerable scale. After the acquisition, Honeyland will be integrated into BRAVO READY's real-time revenue product ecosystem, expanding user reach and optimizing profits.
Impact of the deal on the blockchain gaming market
The merger between BRAVO READY and Honeyland contributes to the development of the blockchain gaming sector in Vietnam and the region. According to a report from a global gaming research organization in 2023, the blockchain gaming market is expected to reach $20 billion by 2027. This deal reflects the appeal of combining gaming and blockchain in the new digital technology trend.
“Integrating blockchain solutions with traditional games will create sustainable value, enhance player experience, and drive robust market development.”
Phạm Thị Hồng, Blockchain Game Expert, Global Game Conference 2023
Comparison of notable acquisition deals in the blockchain game market (2023–2024)
Company Acquisition Product Value Acquired (USD) Pre-Acquisition Valuation Purpose BRAVO READY Honeyland Not disclosed $20 million Expand portfolio, increase real-time revenue ABC Games CryptoWar $15 million $18 million Merge technology and resources to develop DeFi in games XYZ Studio MetaArena $10 million $12 million Expand community and develop NFTs in games
Frequently Asked Questions
What is Honeyland and what makes it special?
Honeyland is a strategy game on the Solana blockchain, combining technology and gameplay elements to create an engaging experience.
Why did BRAVO READY acquire Honeyland?
BRAVO READY acquired to expand its product portfolio, leverage real-time revenue potential, and strengthen its position in the blockchain gaming market.
What is the purchase price of Honeyland?
The specific price has not been disclosed, but Honeyland was previously valued at $20 million and raised $4 million.
How will the deal affect the blockchain gaming industry?
The deal enhances the trend of integrating blockchain into games, contributing to the robust development of the market in Vietnam and internationally.
What are BRAVO READY's plans for Honeyland after the acquisition?
Honeyland will be further developed to increase real-time revenue and expand the player network, creating sustainable value.
Source: https://tintucbitcoin.com/bravo-ready-mua-lai-honeyland-token/
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