TechFlow news, December 9 — Yat Siu, founder of Animoca Brands, shared the company's performance for this year on Twitter. Summary as follows:
1/ In the first nine months of 2021, investment and digital asset revenue grew to approximately $529.6 million. The company holds over $600 million in liquid digital assets (including BTC, ETH, USDC, and other altcoins such as AXS, FLOW, etc.).
2/ The reserve value of digital assets within Animoca Brands' product and platform ecosystem (including proprietary tokens such as REVV, SAND, TOWER, and GMEE) has risen from approximately $2.9 billion at the end of September 2021 to around $15.9 billion by the end of November 2021—an increase of more than fivefold in just two months. (This also reflects the strong market performance of gaming-related assets.)
3/ This is just the beginning. Animoca will continue actively investing in the #openmetaverse where true digital ownership exists. All closed metaverses (seemingly referring to internet-based metaverses like Meta) will eventually be compelled to open up in a manner similar to globally free-trade, open economies.
