The consolidated assets of the blockchain game operator Animoca Brands as of April 30 amounted to $3.4 billion. Such an estimate is contained in the unaudited interim financial statements.
We are pleased to share our latest interim financial update, with key unaudited financial positions as of 30 April 2023, as we start with the audited financial statements for 2020, key business highlights for 2022 and Q1 2023.
Read the full announcement:https://t.co/VQwS9biopr
— Animoca Brands (@animocabrands) May 11, 2023
According to the document, the asset structure is as follows:
- cash and cash equivalents — $194 million;
- liquid digital assets, including SAND — $566 million;
- tokens of subsidiaries Web3-companies – $ 2.7 billion.
Animoca Brands will release updates starting with the 2020 Audited Financial Statement.
The firm also promised to release key financial and business numbers for 2022 and the first quarter of 2023.
The current report comes after rumors surfaced that Animoca Brands is facing financial difficulties. On March 24, 2023, Reuters reported that the operator cut the target amount for its metaverse fund by 20% to $800 million, and the company’s valuation fell threefold, from $6 billion to $2 billion.
The next day Animoca Brands refuted the speculation.
Recall that the head of the operator, Robbie Jung, predicted that it would take at least 10 years to create the metaverses.
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