Animoca Brands Reports $3.4 Billion in Assets, Demonstrating Financial Strength

In its recent interim financial report, blockchain gaming giant Animoca Brands has shared its unaudited financial positions as of April 30. The report reveals that despite recent reports of its valuation decline, the company remains financially robust, with assets worth approximately $3.4 billion.

The company’s unaudited financial positions reveal a cash and stablecoin balance of $194 million, along with liquid digital assets worth $566 million, which includes reserves of SAND, the utility token used in The Sandbox metaverse (Animoca Brand’s subsidiary). In addition, the report mentions off-balance sheet token reserves for all other Animoca Brands’ majority-owned web3 subsidiaries of $2.7 billion, adding to the company’s impressive financial portfolio. 

The Hong Kong-based game developer is committed to sharing more financial updates and plans to release its audited financial statements for 2020 soon. Following this, the firm will share important financial and business highlights for 2022 and Q1 2023.

Animoca Brands continues to partner with global brands and further expand in gaming and web3 markets. This week, the firm partnered with luxury fashion company ALTAVA to license its Bored Ape Yacht Club NFTs. 

At the beginning of the year, the company announced its plan to raise $1 billion in funding this year, primarily focused on digital property rights. Animoca Brands categorized its blockchain investments into three categories. These include blockchain games such as Arc8, Revv Motorsport, and Phantom Galaxies, as well as online games powered by NFTs and in-game tokens. The company is also interested in other types of NFTs, including avatars, PFPs, and artwork. Furthermore, Animoca Brands is driven by its top metaverse product, The Sandbox, which is part of its investment focus.

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