Animoca Brands Acquires Somo as NFT Market Shows Early 2026 Rebound
Animoca Brands has the acquisition of digital collectibles company SOMO, according to a company release.
The deal gives Animoca Brands full access to SOMO’s flagship collectible products, with both companies expected to leverage shared resources to accelerate growth across their respective ecosystems. Animoca is set to support the expansion of SOMO’s offerings, while SOMO’s cultural infrastructure and community reach are expected to strengthen Animoca’s broader portfolio.
The acquisition amount remains undisclosed. Other terms of the deal, including whether there will be any staff restructuring or layoffs, were not revealed at the time of reporting.
Commenting on the acquisition, Animoca Brands CEO and co-founder Yat Siu said the company is pursuing a long-term global strategy.
“SOMO is building the cultural operating system for collectibles, which complements our existing portfolio. By bringing SOMO into the Animoca Brands ecosystem, we aim to connect it to our global network of games, communities, and partners,” Siu said.
Animoca’s move comes amid a broader wave of acquisition activity across the crypto industry, as firms position themselves for the next phase of market expansion.
In recent weeks, in a deal valued at approximately $1 billion. Similarly, as part of its strategy to expand into stablecoin-focused services.
These developments reflect a growing trend of consolidation as companies viewk scale, infrastructure, and regulatory positioning ahead of renewed market growth.
NFT Market Rebound Supports Strategic Timing
The acquisition also aligns with a recovery phase in the non-fungible token (NFT) and digital collectibles market.
At the time of reporting, the total market capitalization of NFTs and collectibles had by 3.57% to around $3.02 billion. This marks the highest level since December 12, when the market was still entrenched in a downtrend.
While the rebound has lifted overall valuations, market dominance remains concentrated. CryptoPunks continues to lead the sector, accounting for roughly 31% of total NFT market capitalization, highlighting the uneven distribution of liquidity across collections.
Broader Crypto Market Shows Clear Signs of Recovery
Beyond NFTs, the wider cryptocurrency market is also showing strong signs of recovery.
Total crypto market capitalization has climbed by 4.27% to approximately $3.26 trillion, reflecting renewed risk appetite across major assets. BTC has attracted significant inflows later than breaking above the $96,880 level, while ETH has advanced to around $3,353 as market structure improves and volatility stabilizes.
This recovery in large-cap assets has assisted restore confidence across the ecosystem, creating a more supportive environment for NFT and digital collectible activity.
Despite the improving outlook, the altcoin season index remains on the lower end, with a current reading of 28. This suggests that a majority of market capital continues to flow into BTC rather than rotating into alternative assets.
The altcoin index will be a key barometer in the coming days. A sustained move toward the 70 level would indicate broader capital rotation into altcoins, a development that could provide additional support for NFTs and the digital collectibles sector as a proxy.
