Motorsport Games Inc. (NASDAQ: MSGM) has signed a ‘Binding Term Sheet’ to purchase KartKraft IP from developer Black Delta. As per the binding term sheet, MSGM will not only acquire the ownership but also gain control over all of its game assets and codes.
This acquisition is proof of how much MSGM is committed to the racing game category. It is also looking forward to virtual racing. Under the terms of the Binding term sheet, the original developers of KartKraft plus its founder will also join MSGM. The firm is planning to make a new studio named MSGM Australia. In the new studio, the firm will proceed with the advancement of KartKraft along with its original development team.
By combing KartKraft into its business, MSGM is confident that it will take it to a new level of advancement. The new team which is anticipating joining the MSGM Australia will bring the vast knowledge of games in MSGM. The new team will play an essential role in the growth of MSGM's future products. The firm is extremely enthusiastic about its future input to its highly experienced team.
Furthermore, this latest decision to buy KartKraft is one of the exciting news for its customers as it is planning for a better game’s future. With the addition of KartKraft, Motorsport Games will have the chance to advance its product range, content creation, digital product sales abilities, and offer a chance to grow the esports ecological unit of the firm.
KartKraft is in alpha access and its trainer has rapidly accumulated a huge backing within the sim-racing community. Upon its final launch, it will permit players to develop their chassis karts and race with 20 official kart makers on 10 formally sanctioned beam routes.