Animoca Brands released its Q1 investor update on July 10, revealing a substantial increase in bookings compared to the previous year. The Web3 gaming and VC company recorded $90 million in bookings for Q1 2024, a 72% rise from the $52 million in Q1 2023. The breakdown includes $65 million from digital asset advisory, $19 million from Web3 subsidiaries and partnerships, and $6 million from investment management. Operating costs decreased by 14%, with expenses dropping from $64 million in Q1 2023 to $55 million in Q1 2024. Despite this, cash and stablecoin assets rose by 66% in Q1 2024. The company is potentially preparing for a return to the Australian Securities Exchange after delisting in 2020. The Sandbox, an Animoca Brands subsidiary, raised $20 million recently and attracted over 330,000 creators, adding to its 5.7 million user base. Read more AI-generated news on: https://app.chaingpt.org/news