Moca Network

This article was originally published on <a href="https://w3gamer.com/articles/animoca-brands-reports-fy2022-booking-growth/" rel="noopener noreferrer nofollow">W3Gamer (formerly Juice Gaming News)</a>. Explore more Web3 gaming, play-to-earn, and crypto game coverage at <a rel="noopener noreferrer nofollow">w3gamer.com</a>.
Animoca Brands reported stronger bookings at A$612 million for FY2022 compared to <a href="https://w3gamer.com/articles/animoca-brands-releases-fy2021-audit-ipo/" rel="noopener noreferrer nofollow">A$450 million in the prior year</a>, reflecting expanded operations in the Web3 space. Net assets also advanced to A$460 million from A$337 million, even as the firm navigated market downturns that led to a net loss of A$519 million, which marked an improvement over the previous A$671 million shortfall and stemmed largely from accounting impairments.
The report underscores growth in the company's digital asset portfolio, which held steady through industry turbulence, including the FTX collapse in late 2022 that rattled crypto markets. <a href="https://w3gamer.com/articles/tag/animoca-brands/" rel="noopener noreferrer nofollow">Animoca Brands</a> expanded services in tokenization, launch support, and treasury management to aid partners in handling liquidity and risks during volatile periods. Chairman Yat Siu noted, "FY2022 was another strong year for financial performance following the record-setting performance in FY2021," while emphasizing blockchain's role in building a more transparent digital economy.
Strategically, the company pursued options like a proposed reverse merger with Currenc Group for a Nasdaq listing to boost market access. It also tripled staff dedicated to financial reporting and engaged top advisors to enhance transparency.
Looking ahead, Animoca Brands expresses confidence in crypto's trajectory, with Bitcoin nearing US$89,000 and over 700 million owners globally. The firm compares Web3 in 2026 to the internet in 2002, post-bubble, as it shifts toward utility in DeFi, <a rel="noopener noreferrer nofollow">gaming</a>, and NFTs. Regulatory progress, especially in the U.S., could draw institutional funds, while tokenization of real-world assets like royalties aims to create programmable capital for digital-native users. In gaming, these developments position <a rel="noopener noreferrer nofollow">blockchain </a>for broader adoption, focusing on true digital ownership to drive innovation without overpromising outcomes that might face unexpected hurdles.

Animoca Brands Reports FY2022 Booking Growth

W3Gamer

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