Animoca Brands Reports Strong Growth Across Its Web3-Focused Ventures

Animoca Brands Corporation Limited has announced key financial and business developments for Q2 and Q3 2024, highlighting strong growth across its Web3-focused ventures.

Animoca Brands Corporation Limited (SEHK:6628) has announced key financial and business developments for Q2 and Q3 2024, highlighting the company’s strong performance and growth across its Web3-focused ventures.

Animoca Brands Corporation Limited: Entering Q3 2024, the company reported bookings of 69 million USD, a substantial increase from 26 million USD in Q3 2023. The revenue was derived from various sources: 25 million USD from Digital Asset Advisory, 39 million USD from Web3 operations, and 5 million USD from investment management. With this contribution, total bookings for the year reached 209 million USD through Q3.

The company’s flagship projects, including The Sandbox, Mocaverse, and GAMEE, also made noteworthy progress. Mocaverse secured partnerships with Anime Foundation and Magic Eden, while its MOCA Coin achieved over 2 billion USD in trading volume post-listing on South Korean exchanges in December 2024.

GAMEE, a prominent presence on Telegram, launched WATCoin on the TON blockchain and reported 16 million active users for its mini-game WatBird. Furthermore, the company's tokenized advertising network, GAMEE AdNetwork, commenced testing during the quarter.

Open Campus, a DAO-led education network, has issued over 615,000 Open Campus IDs and launched the EDU Chain testnet, recording 67 million transactions by Q3. This initiative, aiming to reshape on-chain education, is introducing a $20 million developer ecosystem fund to accompany its mainnet launch in Q1 2025.

As Hong Kong-based Web3 company continues to navigate the evolving digital landscape, Animoca is expected to report further growth in the coming quarters, supported by favorable market trends and a series of institutional investments.