The most recent financial report of the end of the year of Animoca Brands shows a change in the orientation of the company, the giant web3 race reporting that its opinion on digital assets has ahead of its traditional source of income.
The company’s advisory unit generated $ 165 million in 2024, an increase of 116% from one year to the next. According to a press release, this division provides web3 projects with tokel advice, tokenomics, marketing, registration councils, node operations and trading services.
Animoca said it generated $ 110 million in reservations from web companies3 – its traditional game and NFTS territory – while $ 39 million came from investment earnings and business management fees.
This change in its web 3 activity reflects a drop of about 40% from one year to the next compared to the $ 182 million it declared last year.
Overall, the company seems to have strengthened its assessment in 2024, holding 293 million dollars in cash and stables, $ 538 million in digital assets and $ 2.9 billion in reserves of token.
Its minority investments have totaled $ 564 million in 540 companies, reflecting an increase of 67% of cash reserves and an increase of 165% of digital assets.
While the number of portfolio investments increased to 540 against 450, the private investment assets of Animoca dropped from 18%, from $ 690 million to $ 564 million, due to the unlocking tokens, equity outputs and asset screening weighed on assessments.
At the end of last year, Animoca opened a large new office in Hong Kong – a trend in the city that saw Tradfi companies reduce and reduce the workforce as well as the square area.
