Animoca Brands Reveals Assets Valued at Approximately $3.4 Billion, Indicating Strong Financial Health
In Brief
In its recent interim financial announcement, Animoca Brands has provided details showing its assets totaling around $3.4 billion.
The document highlights a total cash and stablecoin reserve of $194 million alongside liquid digital assets that amount to $566 million.
Animoca Brands possesses off-balance sheet token reserves for its majority-owned Web3 subsidiaries estimated at a whopping $2.7 billion.
In its recent interim financial report As the blockchain gaming titan Animoca Brands unveils its unaudited financial status as of April 30, it reassures stakeholders by revealing that, despite recent dip discussions concerning its valuation, the firm remains financially strong, boasting around $3.4 billion in assets.
The company's financial report reveals a cash and stablecoin reserve of $194 million, in addition to liquid digital assets valued at $566 million, which includes SAND, the utility token of its metaverse subsidiary. Moreover, off-balance sheet token reserves for Animoca Brands' other majority-owned Web3 subsidiaries add up to an impressive $2.7 billion, enriching its already robust financial profile. The Sandbox This Hong Kong-based game development firm is dedicated to providing regular financial updates and is looking to publish its audited financial statements for the year 2020 soon. Following that, they plan to disclose significant financial and business insights for 2022 as well as for the first quarter of 2023.
Animoca Brands is consistently forging partnerships with renowned global brands while pushing further into gaming and Web3 markets. Recently, the company has collaborated with the luxury fashion label ALTAVA to license its Bored Ape Yacht Club NFTs.
At the year's outset, the firm communicated its ambition to secure $1 billion in funding throughout the year, primarily focusing on advancements in digital property rights. Animoca Brands categorizes its blockchain investments into three segments: blockchain games like Arc8, Revv Motorsport, and Phantom Galaxies, alongside NFT-empowered online games and in-game tokens. They also express interest in various kinds of NFTs, including avatars, profile pictures (PFPs), and digital art. Additionally, their primary metaverse product, The Sandbox, remains a central focus in their investment pursuits. partnered Blockchain gaming leader Animoca Brands successfully nets $110 million
Animoca Brands Japan successfully raises $45 million, achieving a valuation of $500 million announced Animoca Brands secures $75 million to push forward digital property rights within the Metaverse categorized Magic Labs rolls out innovative solutions aimed at new Web3 users
Read more:
Disclaimer
In line with the Trust Project guidelines dRPC Launches NodeHaus Platform to Assist Web3 Foundations in Enhancing Blockchain Access
