Animoca Brands Holds $1.5 Billion In Crypto And Blockchain Gaming Assets In 340 Investments

Interested in knowing what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry in October at GamesBeat Summit Next. Learn more.


Animoca Brands said it has portfolio investments worth $1.5 billion in crypto and blockchain games across 340 companies.

The blockchain gaming company has made some of the biggest bets on the next generation of blockchain games that use technologies like non-fungible tokens (NFTs) to authenticate unique digital items.

Advertising

Listed on the Australian Stock Exchange, the company recorded bookings and other income of $148 million for the fourth quarter ended December 31 and $573 million for the four months ended April 30, 2022.

Animoca Brands owns blockchain gaming companies including The Sandbox, Gamee, nWay, Blowfish Studios, Grease Monkey Games, REVV Motorsport, TOWER, Quidd, Lympo, and Forj (formerly Bondly), in addition to blockchain services revenue from investments of portfolio and partnerships.

Reservations include token sales, NFT sales, including secondary sales, and other non-blockchain activities. Other income includes gains/losses on investments and digital asset holdings. The company has a cash balance of $98 million and $211 million in digital assets, including USDC, USDT, BUSD, ETH
and BTC at the end of April.

Other digital assets include third-party tokens of $659 million. And it has digital asset reserves of $4.2 billion — which aren’t reflected on the company’s balance sheet. These pools include Animoca Brands SAND, UMAD, QUIDD, PRIMATE, REVV, TOWER, GMEE and others tokens.

In terms of recent business highlights, the company acquired Grease Monkey Games, Darewise, Eden Games, Our Game and Be Media to strengthen and expand gaming and Web3 capabilities; and it acquired a notable educational technology company to be announced soon.

Animoca Brands has also created new joint ventures, including AniCube with Cube Entertainment, MetaHollywood with Planet Hollywood, and OneFootball Labs with OneFootball. He partnered with Yuga Labs on the Otherside project, the Bored Apes Yacht Club’s metaverse game.

Animoca Brands has acquired developer The Sandbox Pixowl for $4.875 million.

It has also minted NFTs that will allow owners to participate in building Otherside and claim virtual plots of land there once it launches publicly, setting the record for the largest mint NFT ever.

The company partnered with ApeCoin DAO and launched ApeCoin (APE), launched the PRIMATE token, which is the gaming token for earning from the company’s Benji Bananas mobile game and is connected to the ApeCoin ecosystem.

Additionally, Phantom Galaxies, developed by subsidiary Blowfish Studios, closed its Planets private sale at $19.3 million and began its Planets public sale. And Animoca Brands has expanded its presence in Japan through the creation of the strategic subsidiary Animoca Brands Japan with a funding round of 10 million dollars.

The Company continues to work on completing its outstanding financial report
terms.

The GamesBeat creed when covering the video game industry is “where passion meets business”. What does it mean? We want to tell you how much the news means to you, not only as a decision maker in a game studio, but also as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about and engage with the industry. Learn more about membership.

We want to give thanks to the writer of this short article for this awesome content

Animoca Brands Holds $1.5 Billion In Crypto And Blockchain Gaming Assets In 340 Investments


Find here our social media accounts as well as other pages related to it.https://metfabtech.com/related-pages/