2024-04-22
Animoca Brands Corporation Ltd. is a Hong Kong-based game software
company founded in 2014.
The company is the developer of The Sandbox. It is a multi-players virtual
world game on blockchain. SAND token currently ranks 80th largest
crypto by market cap.
On April 17, 2024, Animoca Brands released a financial report. It
has $291 million worth of cash and stablecoin.
The company holds $558 million worth of digital assets including
tokens through multiple investments.
Since December 2023, Animoca Brands has added $266 million worth of
digital assets.
Animoca Brands has $1.8 billion in off-balance sheet token reserves
for all Animoca Brands Web3 subsidiaries.
From $1.8 billion consist of $1.3 billion in liquid tokens and $542
million in lower-liquidity tokens.
The most successful project of Animoca Brands is The Sandbox. Now the
company is developing many Web3 games.
