Animoca Brands update on financial position
11 May 2023 - Animoca Brands Corporation Limited (“Animoca Brands'' or the “Company”) is pleased to provide an interim financial update regarding several metrics as well as guidance on further updates.
Key unaudited financial positions (non-IFRS measures) as of 30 April 2023
The Company remains financially strong with a cash and stablecoin balance of US$194 million
Liquid digital assets of US$566 million, which includes reserves of SAND, the utility token used in The Sandbox platform
Off-balance sheet token reserves for all other Animoca Brands majority-owned Web3 subsidiaries of US$2.7 billion
The Company is working diligently to provide additional financial updates starting with the audited financial statements for 2020, expected to be published soon. Shortly after the release of 2020 audited results, the Company will provide key financial and business highlights for the full year 2022 and Q1 2023.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media. Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.