Animoca Brands Reports 2024 Financials, Highlighting Growth in Web3 and Gaming

This update highlights significant growth, driven by optimization strategies, new partnerships, and an expansion in the Web3 sector.

Animoca Brands, a leading Web3 company, has released its financial and operational report for 2024, highlighting the projects that contributed the most to the company's performance. The report, which was filed today with the Australian Securities Exchange (ASX), showcases significant growth driven by optimization strategies, new partnerships, and an expansion in the Web3 sector.

The results include contributions from various operational units of the company, such as The Sandbox, Moca Network, Open Campus, Anichess, GAMEE, TinyTap, Animoca Brands Japan, nWay, Eden Games, Blowfish Studios, Pixowl, and Crazy Defense Heroes (TOWER), in addition to revenues from Web3 services and investments.

Animoca Brands's commitment to technological innovation is evident in its investments in emerging technologies, such as artificial intelligence (AI) and blockchain, reflecting the company's vision for a future where cutting-edge solutions create value and improve lives.

Key financial highlights for 2024:

* Bookings reached 314 million dollars, compared to 280 million dollars in 2023.

* The fourth quarter showed particularly strong performance, with 108 million dollars in bookings, a 170% increase compared to 40 million dollars in the same period of 2023.

* Digital Asset Advisory (DAA) operations generated 165 million dollars, with an annual growth of 116%.

* Web3 operating activities contributed 110 million dollars, while investment operations brought in 39 million dollars.

* Operating expenses decreased from 246 million dollars in 2023 to 217 million dollars, marking a decline of 12%.

* The company closed the year with solid liquidity, boasting 293 million dollars in cash and stablecoins.

* Digital assets and minority investments were valued at 538 million dollars, while off-balance sheet token reserves amounted to 2.9 billion dollars.

Animoca Brands's expansion in the Web3 sector is evident in the growth of the Digital Asset Advisory (DAA). During 2024, the company provided consultancy to 21 Web3 projects, including PIXEL and PENGU, generating 68 million dollars solely from token advisory activities. Additionally, the business recorded 97 million dollars from market-making activities, treasury management, blockchain node operations, and trading strategies.

One of the pillars of Web3 development has been Moca Network, which has consolidated its role in decentralized digital identity thanks to the MOCA Coin token. Throughout the year, Moca Network has formed strategic partnerships, such as an agreement with Square Enix to support the SYMBIOGENESIS project and a collaboration with SK Planet, one of South Korea's leading technology platforms. Thanks to this agreement, over 28 million verified users will be able to access Web3 services. Confirming the success of the project, Moca Network has raised 10 million dollars in additional funding and has seen MOCA Coin listed on Upbit and Bithumb, two of South Korea's largest exchanges.

Open Campus also recorded significant progress in 2024, expanding its decentralized educational ecosystem. Among the most relevant initiatives was the creation of the EDU Scholarship Fund, which distributed up to 1,000 dollars in EDU credits to students. Additionally, Open Campus launched EDU Chain, a Layer 3 blockchain on Arbitrum Orbit, with 2.3 million active wallets and 116 million transactions. By the end of the year, the number of registered users exceeded 850,000, with a growth of 578% in the last quarter alone.

In the gaming sector, Anichess, developed in collaboration with Chess.com, launched the Alpha version of its game, recording over 100,000 monthly active players. At the same time, GAMEE continued its expansion into Web3 gaming, launching GAMEE AdNetwork, a tokenized advertising platform that executed 17 advertising campaigns in Q4. Additionally, GAMEE sold over 250,000 Founders Packs of Moon Cards, generating 701 million WATCoin.

One of the flagship projects, The Sandbox, hosted the Alpha Season 4, attracting 580,000 unique players and the completion of 39 million quests, with a total of 1 million hours of gameplay. The season featured participation from iconic brands such as Attack on Titan, Chupa Chups, Playboy, and The Smurfs.

Animoca Brands has strengthened its investment portfolio, closing 2024 with over 540 projects funded in sectors such as AI, Web3 infrastructure, DeFi and gaming. During the fourth quarter alone, the company invested in 12 new projects, including 0G Labs, Cookie3, and