Animoca Brands, a leading company in the digital assets industry, has recently shared its latest investor update, highlighting key financial and business achievements in the third and fourth quarters of 2024. The company’s year-to-date bookings in Q3 reached $209 million, showcasing a robust performance despite the challenges faced in the market throughout the year.
At the end of Q3, Animoca Brands reported having $2.2 billion in total assets, including $248 million in cash and stablecoins, $330 million in liquid third-party digital assets, and $1.6 billion in off-balance sheet token reserves. The value of the company’s combined crypto assets saw a significant increase of about 40% towards the end of 2024, largely attributed to the overall improvement in crypto prices driven by events like the US presidential election.
One of the notable highlights in Q3 was the listing of Mocaverse’s MOCA Coin on two major South Korean exchanges on December 16th. This listing resulted in a 24-hour trading volume exceeding $2 billion, indicating a strong market interest in the digital asset.
Moreover, Animoca Brands recorded bookings of $69 million in Q3 and $48 million in Q2 2024, with a substantial portion generated from its subsidiaries and incubated projects. Revenue from entities like Mocaverse, Open Campus, Gamee, The Sandbox, and Anichess was derived from various activities such as token sales, in-app purchases, and non-blockchain transactions.
Throughout the year, Animoca Brands invested in approximately 60 new projects and realized $28 million from its token-specific investments. Some of the notable investments made in Q2 and Q3 include Aethir, Carv.io, Gunzilla, Nillion, Abstract Chain, and Pudgy Penguins’ headco Igloo.
For more detailed information on Animoca Brands’ investor update for Q2 and Q3 2024, interested individuals can access the full report on the company’s official website.