Animoca Brands, a top web3 firm focused on gaming, digital property rights and the open metaverse, has announced particularly robust results for 2022.<\/p>\n\n\n\n
Hang on, 2022 was a year the crypto market would rather forget, wasn\u2019t it?<\/p>\n\n\n\n
Maybe so, and the bear market remains in 2023, but the true builders have kept on building and growing with an eye to a web3-dominant future.<\/p>\n\n\n\n
You can count Animoca Brands among the leading builders and project incubators in the blockchain space. The proof is in the web3-themed pudding and on the balance sheets via newly released unaudited financial and business highlights for calendar year 2022.<\/p>\n\n\n\n
Notably, for the fiscal year ending Dec 31 2022, the company recorded a major increase in bookings \u2013 A$594 million, up more than A$160m, from A$428 in the previous year.<\/p>\n\n\n\n
Bookings\u2019 is a measure of sales activity and includes, for example, token sales, NFT sales, and various other activities.<\/p>\n\n\n\n
The company also noted cash and stablecoin balances of A$286 million and strong financial performance right across its stable of business entities, including The Sandbox, REVV Motorsport, GAMEE, nWay, Blowfish Studios, Grease Monkey Games and more.<\/p>\n\n\n\n
A year of expansion and launches
One of the most recognisable names in the nascent but growing industry, Animoca Brands\u2019 reach is wide across the global blockchain space: it boasted a minority investment portfolio of over 380 companies as at end of 2022.<\/p>\n\n\n\n
Animoca consolidated and expanded its market presence in 2022, launching Animoca Brands Japan as well as acquiring no less than six companies globally.<\/p>\n\n\n\n
Those included the Melbourne-based Grease Monkey Games; AAA-industry-veteran-helmed Life Beyond Studios (previously Darewise); Notre Games; edtech platform TinyTap; music-metaverse firm PIXELYNX and Aussie digital marketing outfit Be.<\/p>\n\n\n\n
Adding to this, Animoca Brands developed a new web3-specialist division to help advise both the company\u2019s web2 and web3 businesses on crypto-and-blockchain-centric business models \u2013 such as token and NFT implementation.<\/p>\n\n\n\n
This helped bring in roughly US $120 million into total bookings across the entire business.<\/p>\n\n\n\n
Raising the funding roof
On top of this, Animoca Brands had a stellar year in the equity and convertible debt capital-raising stakes.<\/p>\n\n\n\n
Equity was raised in two tranches, totalling US$434.2 million, while US$100 million was added to coffers through the convertible debt path.<\/p>\n\n\n\n
Regarding the Japanese expansion, Animoca raised roughly US$10 million of funding in its seed round for its strategic subsidiary Animoca Brands Japan in January 2022 and US$45 million in August 2022.<\/p>\n\n\n\n
Meanwhile, subsidiary Blowfish Studios raised US$19.3 million with a planet sale for its \u201cAAA\u201d web3 science fiction game Phantom Galaxies, while TinyTap launched and sold its first Publisher NFTs, pulling in US$228,000 and demonstrating how teachers can avail themselves of powerful new opportunities to make money off their work.<\/p>\n\n\n\n
Come and join the Investor Day
Animoca Brands will be hosting an Investor Day at The Ivy Ballroom in Sydney on September 11, 2023 starting at 9:45 am.<\/p>\n\n\n\n
This event is designed to give participants an opportunity to meet and chat with members of the company\u2019s executive committee, including co-founder and executive chairman Yet Siu, group president Evan Au yang, co-chief operating officer Minh Do and CFO Jared Shaw.<\/p>\n\n\n\n
Leadership teams from Blowfish Studios and Be will also be there and taking part in the in-person-only event.<\/p>\n\n\n\n
Interested investors can RSVP here, by September 4 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
Animoca Brands, a top web3 firm focused on gaming, digital property rights and the open metaverse, has announced particularly robust results for 2022. Hang on, 2022 was a year the crypto market would rather forget, wasn\u2019t it? Maybe so, and the bear market remains in 2023, but the true builders have kept on building and […]<\/p>\n","protected":false},"author":2,"featured_media":21261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-21259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4-300x169.jpg",300,169,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",1024,576,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",747,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2023\/08\/Untitled-3-4.jpg",100,56,false]},"rttpg_author":{"display_name":"Admin CG","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin-cg\/"},"rttpg_comment":0,"rttpg_category":"news<\/a>","rttpg_excerpt":"Animoca Brands, a top web3 firm focused on gaming, digital property rights and the open metaverse, has announced particularly robust results for 2022. Hang on, 2022 was a year the crypto market would rather forget, wasn\u2019t it? Maybe so, and the bear market remains in 2023, but the true builders have kept on building and…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=21259"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21259\/revisions"}],"predecessor-version":[{"id":21262,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/21259\/revisions\/21262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/21261"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=21259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=21259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=21259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}