TechFlow News — Animoca Brands released its quarterly investor update for the period ending March 31, 2024. The report shows that the company’s booked revenue for Q1 reached $90 million, a 72% increase compared to $52 million in the first quarter of 2023. Of this amount, $65 million came from digital asset advisory services (including fees from token advisory, trading, and blockchain node operations), $19 million from Web3 operations, and $6 million from investment management.
As of March 31, 2024, Animoca Brands held $291 million in cash and stablecoins, and $558 million in liquid third-party digital assets, comprising $278 million in assets available for sale and $280 million in unlocked tokens on the balance sheet. The company’s off-balance-sheet token reserves amounted to $1.8 billion, including tokens issued by Web3 subsidiaries controlled by Animoca Brands. Animoca Brands holds minority equity stakes in over 450 portfolio companies.
