Animoca Brands’ Advisory Unit Generates $165 Million in 2024

Animoca Brands' year-end financial report indicates a strategic shift towards its Digital Assets Advisory, which surpassed traditional revenue streams.

• The advisory unit generated $165 million in 2024, a 116% increase year-over-year.
• Services offered include token advisory, tokenomics, marketing, and trading.
• Web3 businesses contributed $110 million, a drop from last year's $182 million.
• Investment gains and venture management fees accounted for $39 million.
• The company holds $293 million in cash and stablecoins, $538 million in digital assets, and $2.9 billion in off-balance-sheet token reserves.
• Minority investments total $564 million across 540 companies, reflecting a 67% increase in cash reserves and a 165% rise in digital asset holdings.
• Private investment holdings decreased by 18%, attributed to token unlocks and asset write-downs.
• Animoca opened a large office in Hong Kong, contrasting with downsizing trends among traditional finance firms.