Animoca Brands investments valued at over $1.5b

Hong Kong-based blockchain unicorn Animoca Brands said its portfolio of investments – done across more than 340 deals – is valued at over US$1.5 billion as of the end of April 2022.

Yat Siu, CEO of Animoca / Photo credit: EJInsight

The company recently led funding rounds in companies including content production service Gusto Collective, gaming studio Untamed Planet, and Our Happy Company, a social commerce firm co-founded by singer John Legend.

Animoca also reported bookings and other income of US$148 million for the three months ended December 2021 and US$573 million for the four months ended April 2022.

While bookings encompass non-fungible token sales including secondary sales, non-blockchain activities, and token sales, other income consists of gains or losses on investments and digital asset holdings.

The company attributed its strong results to its key business units, which include The Sandbox, Gamee, nWay, Blowfish Studios, Grease Monkey Games, Revv Motorsport, Crazy Defense Heroes, Quidd, Lympo, and Forj.

“We firmly believe that Web3 represents the natural evolution of the Internet, of a future where digital property rights and the resulting economic freedom will
empower billions of online users in an interconnected series of open worlds and platforms,” Animoca co-founder Yat Siu said in a statement.

See also: How an Animoca game lost 70% of its users after adding KYC

Meanwhile, Animoca’s cash balance stood at US$98 million as of April, up from US$35.9 million in September 2021.

As of April last year, its digital asset holdings in the form of USD Coin, USD Tether, Binance USD, Ether, and Bitcoin are valued at US$211 million. This represents an 88% increase in holdings from September 2021.

The company’s digital asset reserve, which includes tokens like Sand, Umad, Quidd, Primate, Revv, Tower, and Gmee, is valued at US$4.2 billion, up nearly 45% from September 2021.