Animoca Brands announced that from January to September 2021 its income grew to around $529.6 million, bookings increased to $140 million, and it held over $600 million in liquid digital assets (BTC, ETH, USDC, AXS, FLOW, BUSD, BNB, and others).
The company’s subsidiaries include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, and Lympo. Plus, it has an increasing portfolio of over 100 investments in NFT companies and other decentralized projects related to the open metaverse (including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas (NYSE:ATCO), and others.)
Animoca Brands shared that merely one year ago, its monthly trade volume of the primary tokens SAND and REVV was $245 million, which seemed impressive. Yet today, the monthly trade volume of the same tokens reaches over $10 billion. That’s a 3981.6% increase in only one year.
“One of the fundamental ways in which nations and metaverses serve their citizens is by delivering value to them,” Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands wrote on medium.
“We believe that true digital ownership (virtual property rights) is the foundational block underpinning the entire open metaverse: ownership of digital assets enables control over them, which leads to economic freedom, which unlocks economic opportunities (e.g., profiting from the sale of an asset), which brings GameFi opportunities (e.g., play-to-earn), which creates a pathway to a more equitable society.”
On The Flipside
- The metaverse is expanding rapidly and projects are experiencing great success.
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