Animoca Brands, the Hong Kong-based digital entertainment and crypto games publisher, released its key unaudited financial results for the last three months of 2021 and the first four months of 2022.
Per the report, the firm invested over $1.5 billion across more than 340 projects as of April 30, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, and Star Atlas, among others.
In January, Animoca Brands was valued at over $5 billion after its latest funding round led by Liberty City Ventures. Other notable participants in the round included billionaire investor George Soros' Soros Fund Management and the Winklevoss twins.
NFT Gaming Investor Animoca Brands Valued Above $5B After $359M Raise
Animoca Brands, a leading investor in NFT games and metaverse startups, announced today that it has raised nearly $359 million at a valuation of more than $5 billion. The $358,888,888 round was led by Liberty City Ventures. It also featured participation from numerous other firms, including Winklevoss Capital, billionaire investor George Soros’ Soros Fund Management, Sequoia China, Gemini Frontier Fund, and 10T Holdings. The latest fundraise follows a pair of investment rounds in 2021. The compa...
Animoca Brands reported that in the past seven months, it earned over $721 million from token sales and NFT sales, including secondary sales and other non-blockchain activities.
The firm’s other income over the same period included gains and losses of investments and digital assets holdings, which included a cash balance of approximately $98 million and cryptocurrency holdings of about $211 million in Bitcoin (BTC), Ethereum (ETH), USDC, USDT, and Binance's BUSD.
The firm's other reported digital assets holdings as of April 30, 2022, included unspecified third-party tokens worth approximately $659 million.
On top of that, the firm said it held digital assets reserves of approximately $4.2 billion, which are not reflected in its balance sheet. These reserves include the Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER, and GMEE, among others.
Animoca Brands' business highlights
In recent business highlights, Animoca Brands partnered with Bored Ape Yacht Club (BAYC) creator Yuga Labs on the metaverse game project called The Otherside while also launching ApeCoin (APE), the governance token powering the ApeDAO.
In addition to the revenue from portfolio investments and partnerships, the firm owns several blockchain game companies, including The Sandbox, Gamee, nWay, Blowfish Studios, and Grease Monkey Games.
Animoca Brands ‘Not Done Acquiring’ Studios to Make NFT Games: Chairman
Animoca Brands is a leading investor in blockchain gaming and NFT startups, but it also publishes its own NFT-powered games, including the Ethereum-based metaverse experience The Sandbox. And Animoca has been on a serious acquisition spree. Since the start of the year, Animoca has picked up development studios Eden Games, Darewise Entertainment, and Grease Monkey Games. And there may be more to come. “We’re not done acquiring,” Animoca Brands founder and Executive Chairman Yat Siu told Decrypt l...
Most recently, the firm strengthened its positions by acquiring Notre Game, the Prague-based publisher of hybrid physical-digital collectible card mobile game Scratch Wars, while also expanding its presence in Japan by establishing a strategic subsidiary called Animoca Brands Japan with a $10 million seed round.
