2024

The Sandbox

<p data-ct-non-breakable="true">Animoca Brands published its first-quarter investor update on July 10. The bottom line up front: Bookings are up significantly for Q1 year-over-year.&nbsp;</p>
<p>The Web3 gaming and venture capital (VC) firm <a href="https://cointelegraph.com/news/animoca-brands-plans-return-stock-market-2025">reported</a> bookings in the amount of $90 million for Q1 2024, up 72% from the previous year’s $52 million.</p>
<h2 id="bookings-in-the-rise">Bookings in the rise</h2>
<p data-ct-non-breakable="true">Breaking the bookings down, Animoca Brands reported $65 million from digital asset advisory, which includes “token advisory, trading, and blockchain node operations,” $19 million from its Web3 subsidiaries and startup partnerships, and $6 million from investment management. </p>
<p>The uptick in bookings over the first quarter of 2023 is bolstered by a 14% reduction in operating costs. The company posted operating expenses in the amount of $64 million for Q1 2023; it’s reporting $55 million for Q1 2024. </p>
<p>The company notes that, despite these numbers, its total “cash and stablecoin assets” increased by 66% during Q1 2024:</p>
<blockquote data-ct-non-breakable="true">
 “Cash and stablecoin balances increased substantially from $175 million at 31 December 2023 to $291 million at 31 March 2024 as a result of a realized gain on token transactions in The Sandbox, a controlled subsidiary of Animoca Brands. The gains from these transactions impact company cash balances but are not included in core operating income represented by bookings.”
</blockquote>
<h2 data-ct-non-breakable="true" id="market-return">Market return</h2>
<p data-ct-non-breakable="true">The company may be shoring up its coffers ahead of an anticipated reentry into the Australian Securities Exchange. </p>
<p>Animoca Brands had been listed on the market previously but delisted its stock in 2020 amid regulatory uncertainty. As Cointelegraph reported in June 2024, the <a href="https://cointelegraph.com/news/animoca-brands-plans-return-stock-market-2025">company is weighing a 2025 reentry</a>. </p>
<h2 id="the-billion-dollar-sandbox">The billion-dollar Sandbox</h2>
<p data-ct-non-breakable="true">Meanwhile, The Sandbox continues to grow despite the 2022 market downturn. The Animoca Brands subsidiary recently raised <a href="https://cointelegraph.com/news/sandbox-raises-20m-expands-creator-economy">$20 million against a valuation of $1 billion</a> after announcing the onboarding of over 330,000 unique creators. </p>
<p>They join the company’s reported 5.7 million users — gauged by linked wallets — who’ve created or participated in more than 1,000 “experiences” built on the platform. </p>
<p data-ct-non-breakable="true"><strong><em>Related: </em></strong><a href="https://cointelegraph.com/news/nft-sales-plummet-44-percent-memecoins-steal-mind-share"><strong><em>NFT sales fell 44% as memecoins stole ‘mind share’ in Q2</em></strong></a></p>

Animoca Brands reports 72% increase in bookings for Q1 2024 over Q1 2023

目次

Cointelegraph

2024年7月10日公開の他の記事

Chainge partners with Elastos to enhance Cross-Chain Interoperability with New Integration

Whale bets big on AAVE and UNI with $4M withdrawal

BTC Tests $60,000 Mark Again

Bitcoin Hasn't Correlated With US Equities In Months

MoonBag Tops Crypto List As Best Presale in 2024, Book of MEME (BOME) And Solana Hopes For Perfor...

The German Government Lost Its “Bitcoin Billionaire” Status Today

ニュースレターを購読して暗号資産の最新情報を毎日入手！