The firm has enjoyed tremendous success from its early plays on NFT game platforms and metaverses that provide digital equity to its users. Animoca Brands’ treasury has exploded in value by 5X over two months. From January through September 2021, the company gained $529.6 million on the more than 100 investments and digital assets in its portfolio.
Animoca co-founder and chairman Yat Siu’s Thursday letter to the Metaverse and NFT community said that its stack of tokens, including REVV (REVV), The Sandbox (SAND), Tower (TOWER) and GAMEE (GMEE), had seen a big increase, thanks to surging values in the sector.
“The reserve of digital assets belonging to the Animoca Brands ecosystem of products and platforms has risen from a value of about US $2.9 billion at the end of September 2021 to about US $15.9 billion at the end November 2021 — a more than five-fold increase in only two months.”
Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, nonfungible tokens (NFTs) and decentralized finance (DeFi).
In order to demonstrate how much Animoca’s two major holdings, REVV and SAND, have risen in price, Siu explained that their monthly trading volume stood behind the 2020 GDP of Greenland a year ago. Together, the trading volume of those two tokens is roughly equivalent to Morocco’s or Slovakia’s GDP in 2021, roughly $120 billion.
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The letter also revealed a philosophical bent in Animoca’s selection process for its investments. Siu said the Animoca team believes “that true digital ownership is the foundational block underpinning the entire open metaverse.”
“We do not see digital equity and inclusion as options; we see them as basic requirements.”
Animoca is set to maintain its lead on the NFT and metaverse market as it just launched a $200 million investment program with Binance Smart Chain (BSC).
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