PANews reported on October 1st that Animoca Brands, the open metaverse and digital property rights company, announced the signing of an equity and token investment agreement with AlphaTON Capital, a Nasdaq-listed TON treasury. The agreement stipulates that AlphaTON Capital intends to acquire a controlling stake in GAMEE, a wholly-owned subsidiary of Animoca Brands. Under the terms of the letter of intent, AlphaTON Capital intends to acquire a 51% equity stake in GAMEE and 51% of GAMEE's inventory of GAMEE (GMEE) and Watcoin (WAT) tokens. Upon completion of the proposed transaction, AlphaTON Capital plans to purchase up to $3 million worth of GMEE tokens and up to $1 million worth of WAT tokens on the open market to enhance its digital asset portfolio.