Animoca Brands subsidiary The Sandbox, acquired German game development studio Sviper, with Agnitio Capital acting as the M&A adviser to Sviper for the acquisition. The acquisition cost remained undisclosed.

The acquisition allows The Sandbox to expand its metaverse social and gameplay features by working on multiplayer game options and new Game Maker options, with Sviper adding senior-level development, engineering, and creative talent to the company.

Sviper is a mobile game development studio established by experienced industry professionals who had previously worked with some of Germany's largest gaming companies. Game launches include Super Spell Heroes, a real-time player versus player (PvP) game that involves wizard duels with elemental powers and magical realms for users to explore. 

Analyst QuickTake: The acquisition will enable Animoca Brands to leverage Sviper’s expertise in the development of fantasy worlds to help bolster player count on The Sandbox metaverse, which saw daily active users fall below 1,000 in October 2022 . Further, the acquisition follows Animoca Brands' majority stake in music metaverse gaming platform Pixelynx in December 2022 .