Animoca Brands’ revenue was $280 million in 2023

Animoca Brands has launched its newest monetary replace, exhibiting bookings of $280 million for fiscal 12 months 2023, in contrast with $402 million for 2022.

The corporate boiled down causes for the lower to the crypto winter beginning in Could 2022 with Luna/Terra’s collapse, culminating in FTX’s collapse in November 2022.

Regardless of the down development nonetheless, efficiency confirmed an enchancment in direction of the top of 2023, with a rise of 59% throughout This fall 2023.

Summarized, Animoca ended the interval with: 

• Money and stablecoin balances of $175 million,
• Digital property price $203 million, and
• Off-balance sheet token reserves for Animoca Brands and its subsidiaries of $1.6 billion.
• Moreover, complete capital raised from fairness and convertible notice issuance was $83 million throughout 2023.

Notably, the corporate has already launched a monetary report for Q1 2024, with newer numbers exhibiting the corporate had property price not less than $2.7 billion.