According to ChainCatcher, Animoca Brands disclosed that it will acquire more WATCoin from the open market. WATCoin is the utility token of WatBird, a Telegram Mini App developed by GAMEE, a subsidiary of Animoca Brands.

According to RootData, Animoca Brands is a Web3 game software company and venture capital company founded by Yat Siu in 2014. It has several subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, etc.