Animoca Brands’ Investment Portfolio Now Worth Over $1.5B

Hong Kong-based investor in non-fungible token (NFT) and metaverse projects Animoca Brands’ portfolio investments totaled over $1.5 billion across more than 340 investments at the end of April, according to unaudited results released by the firm Monday.

• Bookings and other income totaled $148 million for the fourth quarter of last year and $573 million for the first four months of 2022. Bookings include token and NFT sales and other non-blockchain earnings. The “other income” portion includes gains and losses from investments and digital asset holdings.
• Cash balances stood at $98 million and digital asset holdings at $211 million at the end of April. Digital asset holdings included USDC, USDT, BUSD, ETH and BTC, the company said. Other digital asset holdings, including third-party tokens, added up to $659 million.
• Digital asset reserves were $4.2 billion and included the Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER and GMEE, among others.
• Animoca's key business units include The Sandbox, GAMEE, nWay, Blowfish Studios, Grease Monkey Games and blockchain service revenue from portfolio investments and partnerships.
• Earlier this year, Animoca Brands raised almost $360 million in a funding round at a $5.5 billion valuation, representing a doubling in its value in just three months.