USA-based leading web3 entertainment company Orange Comet acquires Mint State Labs. The company announced the acquisition on December 22, 2022. However, it did not disclose the amount of the transaction.

Founded in 2021, Mint State Labs is an entertainment and gaming technology provider enabling creators to easily build, distribute and market blockchain-powered experiences. 

Purpose of acquisition by Orange Comet

With the recent acquisition of Mint State Labs, Orange Comet seeks to create premium content disrupting the web3 landscape by harnessing innovative technology. It aims to further build, distribute and market blockchain-powered experiences. 

As a part of the deal, Peter Morales, CEO of Mint State Labs, will take on the role of Chief Technology Officer and intends to supervise digital infrastructure and technology development for Orange Comet. 

What the Orange Comet official has to say

Dave Broome, CEO of Orange Comet, said, “As Orange Comet continues to grow in the web3 gaming space, we wanted to have as strong of a team with our game design and game tech as we do with our award-winning creative team. We’ve been collaborating closely with Mint State during 2022, so this acquisition is not only highly complementary but seamless for us. That said, from the moment we met Peter and the entire incredibly talented people at Mint State, we knew their passion would be the driving force for us in building something truly special in web3 gaming.”

What the Mint State Labs official has to say

Peter Morales, CEO of Mint State Labs, further added, “From the beginning, Mint State Labs was put together by passionate people looking to use technology to enable creators to build entertainment products they loved. Combining forces with a company that matches our passion and represents the paramount of creative skill is what’s going to allow us both to reinvent digital entertainment.”

About Mint State Labs 

In 2021, Founder Peter Morales launched Mint State Labs. The company is a technology firm building tools for creators to grow and empower their virtual goods economies. Currently, the company works with teams with roots in properties such as Magic the Gathering and independent game publishers like The Mix Games and Interabang Entertainment. Funded by Protocol Labs, Mint State Labs was a part of the first web3 TechStars cohort. It is on a mission is to empower creators to do more than they imagined was possible. Moreover, it offers tools for creators to build web3-powered virtual economies directly in-game and understand their fanbase.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.


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