According to Odaily, Animoca Brands has released its investor update for the first quarter of 2024. The report reveals a significant 72% increase in revenue, reaching $90 million, compared to $52 million in the same period in 2023. The primary driver of this growth is attributed to 'digital asset consulting', which accounted for $65 million of the total revenue.
In addition, partnerships with Web3 subsidiaries and startup companies contributed $19 million, while investment management added another $6 million to the revenue. This financial performance underscores the company's successful strategies and the increasing demand for digital asset consulting services.