🎰 OR 🎮 ?? #MOCANETWORK the Animoca Brands, a Hong Kong-based 🇭🇰 Web3 Festival presented network & VCs fund, your truly Aleksei DOLGIKH 👨‍🌾🍓 @alexdolbun know founders & LPs / GP there who operates as a diversified ecosystem blending venture capital, digital entertainment, blockchain infrastructure. As of March 2024, the company reported $291 million in cash and stablecoins, $558 million in on-balance-sheet digital assets (including ETH, BTC, and APE), and $1.8 billion in off-balance-sheet token reserves from subsidiaries like The Sandbox ( $SAND ) and Moca Network ( $MOCA ) . By December 2024, its unaudited financials revealed $314 million in annual bookings, driven by a 116% YoY surge in Digital Asset Advisory (DAA) revenue to $165 million, alongside $110 million from Web3 operations (e.g., blockchain-based sales, in-app purchases) and $39 million from investment activities. Structurally, Animoca’s portfolio spans 540+ minority investments (valued at $564 million) in Web3 projects like Axie Infinity, OpenSea, and Dapper Labs, alongside 28 acquisitions such as gaming studios Eden Games and Darewise. Key subsidiaries include The Sandbox (metaverse platform), Moca Network (chain-agnostic identity infrastructure), Open Campus (decentralized education), with Moca Network alone securing partnerships with Sony’s Soneium Labs and SK Planet to integrate blockchain identity solutions for 700M+ users. Financially, Animoca raised $798.39M over 22 funding rounds, including a $10M convertible note in November 2024, backed by investors like Kingsway Capital & OKX Ventures. The company is preparing for a 2025 public listing to capitalize on its $2.9B token reserves and growing dominance in AI-driven gaming and stablecoin infrastructure, exemplified by partnerships with Standard Chartered to issue an HKD-backed stablecoin & investments in AI ventures like HeyAni. This multifaceted structure positions Animoca as a linchpin in advancing digital ownership and the open metaverse.

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May 10, 2025 at 10:37 PM
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