Investment Portfolio Of Animoca Brands Worth Over $1.5B

The Animoca Brands Investment Portfolio is already worth more than $1.5 billion. The gaming investment division recorded $573 million in bookings for the first months of 2022, so let’s read more today in our latest cryptocurrency news.

According to recently revealed unaudited figures, the Hong Kong-based NFT and metaverse project Animoca Brands’ investment portfolio reached $1.5 billion over 340 investments at the end of April. Bookings and other income amounted to $148 million in the fourth quarter of last year and $573 million in the first four months of this year. Bookings include NFT and token sales, while another revenue comprises investment profits and losses and digital asset holdings.

At the end of April, cash balances totaled $98 million, with digital asset holdings totaling $211 million. USDT, USD, BUSD, ETH, and BTC were among the digital asset holdings, and other digital asset holdings totaled $659 million. SAND, PRIMATE, REVV, TOWER, and GMEE tokens were among the $4.2 billion digital asset reserves. GMEE, nWay, Blowfish Studios, The Sandbox, and Grease Monkey were Animoca’s core business units.

“We firmly believe that Web3 represents the natural evolution of the Internet, of a future where digital property rights and the resulting economic freedom will empower billions of online users in an interconnected series of open worlds and platforms,” co-founder Yat Siu said in a statement.

Animoca raised around $360 million in a capital round earlier this year at a $5.5 billion valuation, representing a three-month value increase.

Courtesy Kalkine Media

Animoca Brands Portfolio

As previously reported, Animoca Brands continues acquiring studios, and it recently bought three, including Eden GAmes. Yat Siu, the co-founder of Animoca, stated that the company might purchase other studios and discussed the closing of F1 Delta Time and increasing the metaverse’s first IP focus. 

Animoca Brands is a major investor in blockchain gaming and NFT startups, but it has also released its own FNT game, including an ETH-based metaverse experience. The Sandbox and Animoca have already gone on a buying spree. Grease Monkey and Eden are focused on racing games, which they will integrate into Animoca’s existing REVV token system, including REVV Racing on Polygon, an Ethereum sidechain scaling solution.

Meanwhile, Darewise is a French startup founded in part by former Ubisoft developers, and their first project is a massively multiplayer online game called Life Beyond, which will use NFTs for in-game items. NFTs act as a deed of ownership to a digital item and can include things like weapons, vehicles, apparel, and virtual land.

About Animoca Brands

Animoca Brands is a digital entertainment, blockchain, and game-fi leader, a Deloitte Tech Fast winner, and a Financial Times list of High Growth Companies Asia-Pacific 2021.

Similarly, It creates and publishes various products, including the REVV token and the SAND token; original games such as The Sandbox, Crazy Kings, Be Media and Crazy Defense Heroes.

Furthermore, Animoca invests in products based on popular intellectual properties such as Disney, WWE, Snoop Dogg, Meta Hollywood, The Walking Dead, Power Rangers, Bondly, and Lympo, which are among the company’s subsidiaries.

Animoca Brands has over 150 investments in NFT-related companies and decentralized initiatives that are helping to construct the open metaverse. These include Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, etc.

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