Ann: Partners with venture accelerator Brinc - esports initiative, page-2

Animoca Brands partners with global venture accelerator Brinc for gaming and esports accelerator. Partnership provides exposure to global early stage tech business development and investment opportunities

Highlights:
● Animoca Brands and Brinc enter into a mutual investment for US$750,000 in shares
● Animoca Brands leads pre-seed investment round into Brinc’s subsidiary Brinc AOA with investment of US$750,000 (~A$1.06m)
● Artesian - Australia’s largest and most active early stage venture capital firm - will also invest US$750,000 (~A$1.06m) in Brinc AOA
● Animoca Brands and Brinc will collaborate on the establishment of an esports and gaming accelerator
● Global esports market estimated to be worth US$1.1B (~A$1.56B) in 2019 (26.7% year-on-year increase)
● Global esports audience estimated to exceed 450 million in 2019
● The Company will leverage the contacts of its recently appointed head of partnerships Michael Ephraim to advance the new gaming and esports accelerator
● Mr Ephraim, former managing director of Sony Playstation in Australia and New Zealand, was also the chairman of Showdown, a producer of esport tournaments and exclusive distributor for Twitch media in Australia and New Zealand