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.
Jun 6, 2022 at 1:43 p.m. UTCUpdated May 11, 2023 at 6:49 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/W4BEYWLP2FBHFNFMQGL6FX2STQ.jpg)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
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.
00:42
Investors ‘Still Engaged’ Despite Recent Market Turbulence, Gemini Exec Says
06:08
Crypto Traders on Robinhood Spikes to 9.5M in Q1, Up Over 450%
04:48
JPMorgan: Most Institutional Investors Not Interested in Crypto Investing
04:45
Investing in the Crypto-Adjacent Stock Market
:format(webp)/s3.amazonaws.com/arc-authors/coindesk/6205601f-70f8-400c-8219-e81039da93cc.png)
Brandy covered crypto-related venture capital deals for CoinDesk.