Animoca Brands financial status in 2023, with cash funds of 25 billion yen and crypto assets of 47 billion yen

Animoca Brands Financial Status in 2023

Animoca Brands, a Hong Kong-based Web3 industry leader, has disclosed its financial position as of November 30, 2023. The company holds $172 million (approximately 24.5 billion yen) in cash and stablecoins, and $330 million (approximately 47 billion yen) in project tokens, including the crypto asset (virtual currency) SAND. There is.

Source: Animoca Brands

SAND is a utility token used in the virtual world “The Sandbox” for users to create, manage and monetize their gaming experiences.

Additionally, Animoca Brands holds approximately $1.6 billion (220 billion yen) in token reserves in off-balance sheet form. This includes tokens adopted by the company’s ecosystem. This funding will be used for future project development and strategic investments, and is expected to significantly contribute to the company’s future value and strategic flexibility.

The company has also invested in more than 400 projects, including 110 gaming and 50 infrastructure projects. In its roadmap, Animoca Brands emphasized that it is committed to growth and development in the Web3 space.

Source: Animoca Brands

connection:Animoca Brands proposes $50 million investment from Saudi smart city “NEOM”

Mocaverse

One of the projects highlighted in the report is Mocaverse, a membership NFT collection developed by Animoca Brands.

Mocaverse is positioned as an important touch point in the Animoca Brands ecosystem, allowing users to earn loyalty points through activities within the ecosystem and exchange them for various rewards and benefits.

Source: Animoca Brands

According to the report, Mocaverse has raised a total of $31.88 million (4.5 billion yen). It consists of a “consumer layer” of user acquisition through Animoca Brands and portfolio companies with a user base of over 700 million people, and an “enterprise layer” where over 400 portfolio companies engage users. Furthermore, Mocaverse NFT will have governance rights over specific tokens.

Mocaverse raised $20 million (approximately 3 billion yen) in a funding round completed in September. These funds will be used for product development, ecosystem expansion, and securing partnerships.

Mocaverse raised funds through a stock issue and granted utility token warrants to investors free of charge. This gives investors the right to buy tokens at a specific price within a defined period of time.

connection:Mitsui & Co. announces capital and business alliance with web3 major Animoca Brands

In June of this year, Animoca Brands signed a memorandum of understanding regarding a capital and business alliance and strategic partnership with Mitsui & Co. This is expected to lead to new initiatives that leverage the mutual strengths of both companies.

connection:Animoca Brands raises new funding of 3 billion yen to promote Mocaverse project

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