TL;DR
- Animoca Brands reached $314 million in annual bookings in 2024, a 12% increase from 2023, with strong growth in its digital asset advisory business.
- The company implemented artificial intelligence to reduce operational costs by 12% and achieved $108 million in bookings in Q4, surpassing the same period of the previous year.
- Animoca Brands solidified its presence in the AI and Web3 sectors, investing in over 70 projects and maintaining a robust portfolio of 540 companies.
Animoca Brands closed 2024 with sustained revenue growth and a strategy optimized to reduce costs. The company reached $314 million in annual bookings, a 12% increase from the previous year.
The increase was driven by growth in its digital asset advisory business, which generated $165 million, a 116% increase from 2023. Subsidiaries and incubated projects contributed $110 million, while investment activities added $39 million.
Animoca Used AI to Reduce Its Operating Costs
During Q4 2024, bookings reached $108 million, more than double the amount from the same period in 2023. Meanwhile, the company reduced its operating expenses by 12%, from $246 million to $217 million. The implementation of artificial intelligence in various processes helped improve efficiency and optimize costs.
Among its key achievements, Moca Network expanded its interoperable digital identity infrastructure and established strategic partnerships with companies like Square Enix and SK Planet. It also secured additional financing of $10 million to scale its operations. Open Campus expanded its decentralized educational ecosystem with initiatives such as tokenizing student financing and launching EDU Chain on the Arbitrum network. Its adoption grew massively, reaching 850,000 Open Campus ID holders.
Millions of Users and Hundreds of Companies
The gaming sector also showed progress. Anichess, developed with Chess.com, launched its alpha version and surpassed 100,000 monthly active players. GAMEE strengthened its ecosystem on the TON blockchain and introduced a decentralized advertising network powered by tokens. The Sandbox completed its fourth alpha season with the participation of brands and celebrities, reaching over 580,000 players and 1 million accumulated hours of gameplay.
Regarding investments, Animoca Brands added more than 70 projects in 2024, with a focus on artificial intelligence, infrastructure, and decentralized finance. It also strengthened its presence in the AI market with token acquisitions and partnerships with platforms focused on decentralized models. To enhance its financial auditing, the company appointed Hall Chadwick as its new auditor.
The year closed with a strong financial position, achieving $293 million in cash and stablecoins, $538 million in digital assets, and a portfolio of 540 companies. Additionally, the company manages token reserves valued at $2.9 billion.
