{"id":16246,"date":"2025-03-05T11:03:50","date_gmt":"2025-03-05T11:03:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16246"},"modified":"2025-03-05T11:03:50","modified_gmt":"2025-03-05T11:03:50","slug":"animoca-brands-advisory-overtook-web3-businesses-in-2024-as-the-yat-siu-led-firm-pivots","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16246","title":{"rendered":"Animoca Brands&#8217; Advisory Overtook Web3 Businesses in 2024 as the Yat Siu-Led Firm Pivots"},"content":{"rendered":"<div>\n<p>Animoca Brands&#8217; most recent year-end financial report shows a shift in the company&#8217;s focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source.<\/p>\n<p>The firm&#8217;s advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with token advisory, tokenomics, marketing, listing advisory, node operation, and trading services.<\/p>\n<p>Animoca said it generated $110 million in bookings from web3 businesses \u2013 its traditional territory of gaming and NFTs \u2013 while $39 million came from investment gains and venture management fees.<\/p>\n<p>This change in its web3 business reflects an approximately 40% year-over-year drop from the $182 million it reported last year.<\/p>\n<p>Overall, the company looks to have strengthened its balance sheet in 2024, holding $293 million in cash and stablecoins, $538 million in digital assets, and $2.9 billion in off-balance-sheet token reserves. <\/p>\n<p>Its minority investments totaled $564 million across 540 companies, reflecting a 67% increase in cash reserves and a 165% rise in digital asset holdings.<\/p>\n<p>While the number of portfolio investments increased to 540 from 450 noted, Animoca\u2019s private investment holdings dropped 18%, falling from $690 million to $564 million, due to token unlocks, equity exits, and asset write-downs weighed on valuations.<\/p>\n<p>Late last year, <a href=\"https:\/\/www.coindesk.com\/web3\/2024\/10\/29\/as-hong-kong-firms-downsize-animoca-built-a-workspace-the-size-of-10-tennis-courts\" target=\"_blank\">Animoca opened a large new office<\/a> in Hong Kong \u2013 bucking a trend in the city that saw TradFi firms downsizing and reducing headcount as well as square footage.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Animoca Brands&#8217; most recent year-end financial report shows a shift in the company&#8217;s focus, with the web3 giant run reporting that its Digital Assets Advisory has edged out its traditional revenue source. The firm&#8217;s advisory unit generated $165 million in 2024, a 116% year-over-year increase. According to a release, this division provides web3 projects with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16246","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16246"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16246\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}