Animoca Brands acquired the digital collectibles company SOMO in early 2026. The transaction was reported as the non-fungible token market showed signs of recovery. Financial terms of the deal were not disclosed.
SOMO operates in the NFT space. The company focuses on digital collectibles and community driven products. Its assets and operations will become part of Animoca Brands’ broader portfolio following the acquisition.
Animoca Brands is based in Hong Kong. The company is active in blockchain, gaming, and digital asset businesses. It has invested in and acquired many firms linked to NFTs, Web3 platforms, and virtual economies. The purchase of SOMO adds another company to that portfolio.
The acquisition took place as NFT trading activity increased compared with late 2024 and 2025. Market data cited in the report showed higher transaction volumes and renewed interest in digital collectibles. The rebound followed a prolonged slowdown after earlier peaks in NFT trading.
Animoca has continued to pursue acquisitions during this period. The company has focused on assets that support digital ownership, tokenised content, and online communities. SOMO’s products and user base align with those goals.
SOMO will operate within Animoca’s ecosystem after the deal closes. The companies plan to integrate technology, content, and community features. No changes to staffing or management were detailed in the report.
The report noted that Animoca has remained active despite volatility in crypto and NFT markets. The company continues to expand its holdings across blockchain gaming and collectibles. The SOMO acquisition reflects ongoing consolidation within the sector.
The NFT market recovery referenced in the article is described as early stage. Activity levels remain below historic highs. Analysts and platforms continue to monitor whether the increase in trading volume is sustained.
Animoca did not provide a timeline for completing the acquisition. The company also did not announce new NFT launches connected to the deal. The focus remains on integrating SOMO into existing operations.
The transaction highlights continued corporate movement within the NFT industry. Companies with established infrastructure are acquiring smaller platforms. These deals occur as digital asset firms adjust to changing market conditions.
The article presents the acquisition as part of broader market activity rather than a standalone event. The NFT sector remains active despite past declines. Animoca Brands continues to position itself as a major participant in digital collectibles and blockchain based entertainment.
