Animoca Brands: Total sales activity in Q1 was $90 million, up 72% year-on-year
According to Foresight News , Animoca Brands announced its quarterly investor update ending March 31, 2024, with bookings of $90 million, and total sales activity in the first quarter of 2023 of $52 million, an increase of 72%, of which $65 million came from Digital Asset Advisory (DAA), including token consulting, trading and blockchain node operation fees; $19 million came from Web3 operations; and $6 million came from investment management.
As of March 31, 2024, Animoca Brands had a cash and stablecoin balance of $291 million and liquid third-party digital assets of $558 million, of which $278 million was available-for-sale assets, $280 million came from unlocked tokens on the balance sheet, and $1.8 billion in off-balance sheet token reserves, including tokens issued by Web3 subsidiaries controlled by Animoca Brands. Animoca Brands has made minority investments in more than 450 portfolio companies.