Revenue of blockchain developer Animoca Brands has grown fivefold in the last two months

Briefly:

  • Animoca Brands revenue for the last two months has increased fivefold
  • Profit from the asset portfolio since the beginning of the year amounted to 591, $ 6 million
  • The company has achieved this success thanks to the game in the markets of game metauniverses and tokens a significant increase in profitability. Over the past two months, the organization’s revenue has grown fivefold, from 2.9 to 20, $ 9 billion.

Animoca Brands amassed its capital through early and effective play in the NFT and Metaverse markets. The developer’s portfolio contains about 120 assets. The profit on them from the beginning of the year to the end of September amounted to 591 6 million dollars.

On December 9th, co-founder and chairman of Yat Siu posted a letter to the Metaverse and NFT community on his blog. In it, he noted a jump in the quotes of some of his token stacks, in particular The Sandbox (SAND), REVV (REVV) and GAMEE (GMEE).

Recall that at the beginning of November the Sandbox platform received an inflow of investments, which influenced the quotes. Another growth of this segment followed in December. In early December, in a week, people purchased virtual land for 394 million dollars.

As an example of a yield jump, Sioux compared the trading volume of REVV and SAND assets to Greenland’s GDP for 2020 year. It turned out that it is not much lower – 200 billion dollars. Compared to this year, it is comparable to the GDP of Morocco or Slovakia.

At the same time, the company does not intend to give up leadership in the future. Animoca Brands invested terms creation of a blockchain incubator of game projects in the field of GameFi.

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