Animoca Brands Acquires Somo as NFT Market Rebounds in 2026
Cointelegraph
Animoca Brands acquired Somo to bolster its Web3 entertainment portfolio as the NFT market experiences a rebound in early 2026.Summary
Animoca Brands has acquired Somo, a gaming and collectibles company, to expand its presence in Web3-native entertainment and integrate Somo’s collectibles into its blockchain platforms. The acquisition comes as the NFT market shows renewed momentum in early 2026, with market capitalization climbing roughly 20% in the first two weeks of the year, recovering from a prolonged slump in 2025. The market cap rose from approximately $2.5 billion to over $3 billion, driven by blue-chip NFT pumps, high-value sales, and new NFT airdrops. Despite this rebound, the NFT sector remains down 59% year-over-year from its peak in early 2025.
(Source：Cointelegraph)