Animoca Brands Reports Financial Growth and Business Expansion for Q2 and Q3 2024

The press release shared with DeFi Planet highlighted that as of November 2024, Animoca Brands achieved a remarkable 40% growth in the value of its crypto asset balances, alongside a doubling of revenue generated from market-making and trading activities.

In Q3 2024, Animoca reported bookings of 69 million USD, up from 26 million USD in Q3 2023. The revenue included 25 million USD from Digital Asset Advisory, 39 million USD from Web3 operations, and 5 million USD from investment management. Total bookings for the year reached 209 million USD through Q3.

The company’s key projects, including The Sandbox, Mocaverse, and GAMEE, have made significant advancements. Mocaverse formed partnerships with Anime Foundation and Magic Eden, with its MOCA Coin achieving over 2 billion USD in trading volume post-listing on South Korean exchanges in December 2024. GAMEE, popular on Telegram, launched WATCoin on the TON blockchain and reported 16 million active users for its mini-game WatBird. Additionally, its tokenized advertising network, GAMEE AdNetwork, began testing.

Open Campus, a DAO-led education network, has issued over 615,000 Open Campus IDs and launched the EDU Chain testnet, recording 67 million transactions by Q3. The initiative aims to reshape on-chain education and is introducing a $20 million developer ecosystem fund to accompany its mainnet launch in Q1 2025. The Hong Kong-based Web3 company expects continued growth, supported by favourable market trends and institutional investments.

This follows a successful November, during which the company secured an additional $10 million to develop Mocaverse, a collection of 8,888 exclusive membership NFTs. This funding is part of a more significant $41.8 million capital raise with investments from OKX Ventures and CMCC Global. The funds will support Web3 adoption and scaling Mocaverse, including a free-attaching warrant for the MOCA Coin utility token valued at $1 billion.

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