The firm has enjoyed tremendous success from its early plays on NFT game platforms and metaverses that offer digital equity to its users.
Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury hyperbolic in price by over 5 times in exactly 2 months.
Other income, which includes gains on the more than 100 investments and digital assets in its portfolio, accounted for $529.6 million from January through Sept. 2021.
Animoca co-founder and chairman Yat Siu’s Dec. nine letter to the Metaverse and NFT community same that its stack of tokens as well as REVV (REVV), The Sandbox (SAND), Tower (TOWER), and GAMEE (GMEE), had seen a giant increase because of surging values in the sector.
“The reserve of digital assets belonging to the Animoca Brands ecosystem of products and platforms has risen from a value of about US $2.9 billion at the end of September 2021 to about US $15.9 billion at the end November 2021 — a more than five-fold increase in only two months.”
Each of those tokens could be a blockchain GameFi or metaverse project. GameFi refers to comes that involve gambling, NFTs, and localised Finance (DeFi).
To illustrate simply what proportion Animoca’s 2 primary holdings, REVV and SAND, have inflated in value, Siu explained that their combined monthly mercantilism volume stood simply behind the 2020 GDP of island a year ago. The combined trading volume of these 2 tokens is currently admire the 2021 GDP of Morocco or Slovakia, roughly $120 billion.
( Brian Newar, Cointelegraph, 2021 )