Animoca Emerges as a Web3 Powerhouse
Hong Kong-based Web3 group Animoca Brands has disclosed its strong financial position as of November 30, 2023.
The company has $172 million in cash and stablecoins, $330 million in third-party tokens, and $1.6 billion in off-balance sheet token reserves.
Animoca Brands has invested in over 400 projects, focusing on 110 games and 50 infrastructure projects.
The company’s Web3 venture has seen notable success, particularly with the Mocaverse NFT collection.
Recently, the company raised $11.88 million for Mocaverse, raising the total funds raised to $31.88 million.
This achievement reflects the growing interest and support for Animoca Brands’ initiatives in the Web3 space.
(With inputs from Shikha Singh)
You need to login in order to Like
