Animoca Brands’ Investment Portfolio Now Worth Over $1.5B

The gaming investment firm also reported $573 million in bookings and other income for the first four months of 2022.

AccessTimeIconJun 6, 2022 at 1:43 p.m. UTC
Updated Jun 6, 2022 at 2:43 p.m. UTC

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Hong Kong-based investor in non-fungible token (NFT) and metaverse projects Animoca Brands’ portfolio investments totaled over $1.5 billion across more than 340 investments at the end of April, according to unaudited results released by the firm Monday.

  • Bookings and other income totaled $148 million for the fourth quarter of last year and $573 million for the first four months of 2022. Bookings include token and NFT sales and other non-blockchain earnings. The “other income” portion includes gains and losses from investments and digital asset holdings.
  • Cash balances stood at $98 million and digital asset holdings at $211 million at the end of April. Digital asset holdings included USDC, USDT, BUSD, ETH and BTC, the company said. Other digital asset holdings, including third-party tokens, added up to $659 million.
  • Digital asset reserves were $4.2 billion and included the Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER and GMEE, among others.
  • Animoca's key business units include The Sandbox, GAMEE, nWay, Blowfish Studios, Grease Monkey Games and blockchain service revenue from portfolio investments and partnerships.
  • Earlier this year, Animoca Brands raised almost $360 million in a funding round at a $5.5 billion valuation, representing a doubling in its value in just three months.

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Brandy covers crypto-related venture capital deals for CoinDesk.

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Brandy covers crypto-related venture capital deals for CoinDesk.