According to Foresight News, Infinite Reality, an AI-driven social sports platform, has acquired the Web3 gaming project Stakes in an all-stock deal worth $8 million. The transaction values Infinite Reality at $3 billion and Stakes at $8 million.
John Acunto, CEO of Infinite Reality, stated that the acquisition of Stakes would assist Infinite Reality in implementing its innovative digital experiences and immersive sports products, as well as integrating with blockchain and Web3.