Animoca Brands reports cash and token reserves of $ 3.4 billion

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The Blockchain-Gaming-Riese Animoca Brands announced in a preliminary financial update in which its most important unchecked financial positions were presented on April 30, 2023.

The company based in Hong Kong announced that it is still financially strong with a cash and stable coin balance of $ 194 million.

  • In the financial report, liquid digital assets of $ 566 million were also shown, including reserves from Sand, the utility token used in the sandbox platform.
  • In addition, the off-balance sheet reserves for all other majority in the possession of Animoca Brands would amount to $ 2.7 billion.
  • Animoca is expected to publish further financial updates, starting with the tested annual financial statements for 2020. The company then also plans to publish important financial and business highlights for the year 2022 and the first quarter of 2023.
  • Before it has been reported that the risk capital company has reduced its meta-verse fund target to $ 800 million, with its evaluation due to volatility on the cryptom market and instability in the banking sector from $ 2 billion.
  • Animoca Brands later rejected claims to reduce his meta-verse fund goal.
  • After Animoca Brand positioned itself as a leading player in the Web3 industry, NASDAQ appointed the most financed meta-verse developer.
  • In 2022, the company even completed the most Metaverse deals, completed 15 deals and received a financing of more than $ 564 million.
  • The company was recently assessed at around $ 6 billion when it was $ 110 million in a financing round announced last September. The financing round was headed by Temasek, Boyu Capital and GGV Capital. Two months later, Animoca collected another $ 75 million in a financing round led by Liberty City Ventures at the same value

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