Odaily Planet Daily News Web3 investment company Animoca Brands released its 2020 financial report, which was originally scheduled to be released at the end of 2022, but was delayed due to the turmoil in the crypto market in 2021 and 2022 and the 2020 COVID-19 pandemic. Animoca Brands co-founder Yat Siu said in a letter that we would like to thank all shareholders for their patience. This report has suffered serious delays due to many factors, especially the COVID-19 pandemic, which has severely affected our ability to incorporate acquisitions into our blockchain/NFT strategy and blocked many of our employees in multiple countries around the world. Siu said that deferred revenue (generally refers to operating income that has been received or recorded but not yet earned) in 2020 increased from US$6.9 million to US$27.9 million. Siu used a large part of the letter to introduce the company's recent progress in embracing artificial intelligence. Siu said that we have seen product development efficiency improvements of up to 80% using artificial intelligence, and we are very excited about the ways in which artificial intelligence can accelerate Web3 efforts in areas such as education and learning, games, fashion, sports, and all other forms of digital identity and culture that Animoca Brands addresses. (The Block)