Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023.
The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million.
The financial statement also reported liquid digital assets of $566 million, including reserves of SAND, the utility token used in The Sandbox platform.
Additionally, the off-balance sheet token reserves for all other Animoca Brands’ majority-owned Web3 subsidiaries stood at $2.7 billion.
Animoca is set to publish additional financial updates starting with the audited financial statements for 2020. Subsequently, the company also plans to roll out key financial and business highlights for the full year 2022 and Q1 2023.
It was earlier reported that the venture capital firm slashed its metaverse fund target to $800 million, with its valuation dropping from $6 billion to $2 bi
We współpracy z: https://cryptopotato.com/animoca-brands-reports-3-4b-in-cash-and-token-reserves/
