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Spielworks Acquires The Atomic Hub Nft Marketplace To Bolster The Wax Ecosystem And Advance Web3 Gaming

Sep 11, 2023•over 2 years ago

Acquiring Company

Spielworks

Acquired Company

Atomic Hub

CryptocurrencyBlockchainGamingCryptocurrencyBlockchainMarketplaceGamingE Commerce

Description

Spielworks, a leading blockchain startup bridging Web3 and traditional gaming, welcomes Atomic Hub into the constellation of its products and services. Through this acquisition, Spielworks intends to preserve and continue developing the Atomic Hub NFT marketplace and its byproducts and fully integrate its Wombat wallet and the $WOMBAT token with the platform.

Company Information

Company

Spielworks

About

With its headquarters located in Berlin, Spielworks was founded in 2018 by Swen E. Hallasch and Adrian Krion. Spielworks brings the benefits of blockchain to mass-market gaming: True ownership of digital assets, secure handling of tokens and comfortable interaction with exceptional blockchain games. For more information, visit https://wombat.app.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed