Animoca Brands' treasury increased in value by 5X over two months
Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury increased in value by more than five times in just two months.
Other income, which includes gains on the more than 100 investments and digital assets in its portfolio, accounted for $529.6 million from January through Sept. 2021.
Animoca co-founder and chairman Yat Siu’s Dec. 9 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.
Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, NFTs, and Decentralized Finance (DeFi).
To illustrate just how much
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