Animoca Brands Acquires Somo, Fuels NFT Market Rebound
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2d ago- Acquisition Context: Animoca Brands announced the acquisition of Somo, a leading NFT marketplace in Vietnam, on January 14, 2026, aiming to enhance its digital collectibles portfolio as NFT trading shows signs of recovery in early 2026 after a downturn in 2025.
- Transaction Volume Growth: Despite the market slump in 2025, Somo processed over 500,000 transactions that year, showcasing its strong capabilities in high-volume NFT drops and gaming integrations, thereby invigorating Animoca's ecosystem.
- Market Strategy: This acquisition aligns with Animoca's strategy to dominate the Web3 gaming and metaverse asset space, as major platforms like OpenSea and Blur report a 15% weekly trading volume increase, with Animoca's valuation exceeding $5 billion, solidifying its key position in NFT infrastructure.
- Future Outlook: Analysts project that NFT trading volume could reach $10 billion by Q2 2026 if Bitcoin maintains levels around $95,000, with Animoca planning to migrate Somo listings to its Mocaverse platform to enable cross-chain NFT utility in games like The Sandbox.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
