{"id":378450,"date":"2021-12-09T05:47:17","date_gmt":"2021-12-09T02:47:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/animoca-brands-treasury-increased-in-value-by-5x-over-two-months\/"},"modified":"2021-12-09T05:47:17","modified_gmt":"2021-12-09T02:47:17","slug":"animoca-brands-treasury-increased-in-value-by-5x-over-two-months","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/animoca-brands-treasury-increased-in-value-by-5x-over-two-months\/","title":{"rendered":"# Animoca Brands’ treasury increased in value by 5X over two months"},"content":{"rendered":"

“# Animoca Brands’ treasury increased in value by 5X over two months <\/strong>”
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Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury increased in value by more than five times in just two months.<\/p>\n

Other income, which includes gains on the more than 100 investments and digital assets in its portfolio<\/a>, accounted for $529.6 million<\/a> from January through Sept. 2021.<\/p>\n

Animoca co-founder and chairman Yat Siu\u2019s Dec. 9 letter<\/a> to the Metaverse and NFT community said that its stack of tokens including REVV (REVV), The Sandbox (SAND), Tower (TOWER), and GAME<\/a>E (GMEE), had seen a big increase thanks to surging values in the sector.<\/p>\n

\u201cThe 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 \u2014 a more than five-fold increase in only two months.\u201d<\/p><\/blockquote>\n

Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, NFTs, and Decentralized Finance (DeFi).<\/p>\n

To illustrate just how much Animoca\u2019s two primary holdings, REVV and SAND, have increased in price, Siu explained that their combined monthly trading volume stood just behind<\/a> the 2020 GDP of Greenland a year ago. The combined trading volume of those two tokens is now comparable to the 2021 GDP of Morocco or Slovakia, roughly $120 billion. <\/p>\n

Related: <\/em><\/strong>NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im<\/em><\/strong><\/p>\n

The letter also revealed a philosophical bent in Animoca\u2019s selection process for its investments. Siu said the Animoca team believes \u201cthat true digital ownership is the foundational block underpinning the entire open metaverse.\u201d<\/p>\n

\u201cWe do not see digital equity and inclusion as options; we see them as basic requirements.\u201d<\/p><\/blockquote>\n