Benefit from Meta Universe and NFT! Animoca Brands assets soared 550% in 2 months

Yat Siu, co-founder and CEO of Hong Kong blockchain game developer Animoca Brands, issued an open letter on the 8th, stating that due to the soaring value of the Metaverse and NFT fields, the company holds a series of tokens such as: REVV( REVV), The Sandbox (SAND), Tower (TOWER), and GAMEE (GMEE) have all experienced substantial growth. Xiao Yi pointed out in the open letter: The value of digital asset reserves belonging to the Animoca Brands product and platform ecosystem (including REVV, SAND, TOWER, and GMEE, which can be regarded as our property), has increased from approximately US$2.9 billion at the end of September 2021 , Soaring to about $15.9 billion at the end of November, it has grown more than five times in just two months.

Each of these cryptocurrencies is a blockchain GameFi or meta universe project; GameFi refers to projects involving games, non-fungible tokens (NFT), and decentralized finance (DeFi).

In order to illustrate how much the prices of the two major assets held by Animoca, REVV and SAND, have risen in price, Xiao Yi pointed out: A year ago, the total monthly transaction volume of REVV and SAND was US$245 million, second only to Greenland in 2020. GDP. Today, the monthly trading volume of REVV and SAND is approximately US$120 billion, which is equivalent to the GDP of Morocco or Slovakia in 2021.

Earnings for the first 3 quarters

At the same time, Animoca Brands released an unaudited financial report for the first three quarters of this year on the 8th, showing that from January to September 2021, the company expects revenue of approximately US$140 million, and other income (including investment and digital asset gains) Approximately US$529.6 million.

As of the end of September, Animoca Brands had a cash balance of US$35.9 million, and another US$112 million in digital assets, in the form of BTC, ETH, USDC, BUSD, BNB, and USDT.

In addition, other liquid digital assets owned by Animoca Brands also include tokens worth US$456.3 million, including AXS, FLOW and other tokens.

Look to the future

Xiao Yi pointed out in the open letter that the latest financial report data from January to September 2021 not only marked the transformation of the company’s business, but also a broader industrial transformation, indicating that the new future economy he often talks about is becoming a reality. .

Xiao Yi said that 2021 is definitely an extraordinary year for Animoca Brands and the wider open metaverse. As the foundation of the open metaverse, the total sales of NFT in the first three quarters of this year reached 13.2 billion U.S. dollars. It reached US$293 million in the last week alone. Blockchain applications continue to move towards the mainstream and the amazing growth of NFT transactions are very encouraging indicators.

Looking to the future, Xiao Yi said: Establishing an open meta-universe... is very similar to building a brand new society, similar to a country based on a community. Moreover, just like the country, the meta-universe that serves the interests of the community will be the most successful meta-universe. One of the basic ways for the state and the meta universe to serve citizens is to provide them with value. We believe that true digital ownership (virtual property rights) is the cornerstone that supports the entire open meta-universe. Ownership of digital assets makes it possible to control them, which will lead to economic freedom, thereby unlocking economic opportunities (such as profit through the sale of assets), which will bring GameFi opportunities (such as earning and playing), thereby creating a connection The road to a fairer society.

Just raised 65 million US dollars in October

According to previous reports, Animoca Brands just announced the completion of a new round of financing of US$65 million on October 20 (pre-financing valuation was US$2.2 billion). The list of participants in this round includes well-known institutions such as Liberty City Ventures, Ubisoft Entertainment, and Sequoia China.

In an interview with "Decrypt" on October 22, Xiao Yi mentioned Animoca’s vision of an open metaverse. He believes that the company’s future decentralized virtual world should be a garden without walls, and nothing like Apple and Google. Such a closed ecosystem.

"We are a bit eager to achieve this goal. The biggest threat is not the regulator. I think it is necessary for the regulator to maintain proper space to make everything safe. I think Facebook and Tencent are the real threats."