Animoca Brands announced acquisition of SOMO, the studio behind monster-collecting games like SOMO Codex and Battleground, adding it to their portfolio of over 540 web3 projects. SOMO raised $20 million in 2024 presales with promises of blockchain pets for battling and trading, but faced backlash over stalled progress, no token launch, and sparse updates from holders demanding accountability.

Animoca Brands announced acquisition of SOMO, the studio behind monster-collecting games like SOMO Codex and Battleground, adding it to their portfolio of over 540 web3 projects. SOMO raised $20 million in 2024 presales with promises of blockchain pets for battling and trading, but faced backlash over stalled progress, no token launch, and sparse updates from holders demanding accountability.
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