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In its investor report for the second half of 2024, Animoca Brands, a major leader in the digital assets industry, disclosed noteworthy accomplishments. By Q3, the company’s year-to-date bookings of $209 million demonstrated its tenacity in a difficult environment.
Animoca Brands has $2.2 billion in total assets as of the third quarter. This comprised $1.6 billion in off-balance sheet token reserves, $330 million in liquid third-party digital assets, and $248 million in cash and stablecoins. Interestingly, by the end of 2024, the total value of its cryptocurrency assets had risen by over 40%. A major factor in this growth was the spike in cryptocurrency values, which was sparked by occasions like the US presidential election.
One standout achievement in Q3 was the listing of Mocaverse’s MOCA Coin on two major South Korean exchanges on December 16. The listing saw a trading volume surpassing $2 billion within 24 hours, underscoring strong market demand for the token.
The company recorded $69 million in bookings during Q3 and $48 million in Q2, primarily driven by its subsidiaries and incubated projects. Revenue sources included token sales, in-app purchases, and non-blockchain transactions from initiatives such as Mocaverse, Open Campus, Gamee, The Sandbox, and Anichess.
Throughout 2024, Animoca Brands also made strategic investments in around 60 projects and realized $28 million from token-related investments. Key investments during Q2 and Q3 included Aethir, Carv.io, Gunzilla, Nillion, Abstract Chain, and Igloo, the parent company of Pudgy Penguins.