Animoca Brands released its financial results for the second and third quarters of 2024. Its total revenue for the third quarter reached $69 million, an increase of 43.8% quarter-on-quarter and 165% year-on-year. Revenue was mainly derived from the contribution of digital asset consulting (DAA) of $25 million, Web3 operating business revenue of $39 million, and investment management revenue of $5 million.
As of the end of September 2024, it held $248 million in cash and stablecoins, and $330 million in liquid digital assets, mainly including ETH, BTC and APE. In addition, the company also held $1.60 billion worth of off-balance sheet token reserves, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.
Animoca Brands' third-quarter revenue was $69 million, up 43.8% sequentially.
2024-12-20 04:13:15
Animoca brands release 2024 second and third quarter financial report third quarter total businessdesk3cryptocurrencydesktopCrypto News
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