the Distributed: Issue #2
Talking about Animoca's busy first four months of 2022
This is a newsletter about NFT gaming, highlighting interesting developments across the market, directly to your inbox ☕️
🕛 About the author: Jack Leung (@haitzu) is a VC at Pylon Capital and co-founder at EmergentDAO.
👋 Feel free to reply directly to this email or via twitter (@haitzu) to get in touch.
Letter From The Editor 📕
Hi everyone, have heard great feedback from the last issue - especially on the concise and curated nature of the content.
I want to double down on this, and get you all the right info to help you make more informed decisions on investing in the gaming sector.
To make sure you have the right exposure.
Thinking I spend more time going deeper, and getting you research memos on the projects to watch out for in gaming.
Will be playing around with the format next week, stay tuned.
— Jack
Headline: Animoca Brands announces financial results
Animoca Brands, the king-maker of web3 gaming and the Berkshire of this generation announced their performance for 4Q21 and the first four months of ‘22 , here is my summary and takeaways 👇
Assets valued at ~$6.7bn: $4.9bn held as digital assets (treasury i.e. SAND and Third Party Tokens), $1.5bn in VC and $309mm in cash equivalents.
Reported income of $573mm, which includes token sales, NFT sales and non-blockchain activity.
Acquired four studios (Grease Monkey Games, Darewise, Eden Games, Notre Game) and a media agency (Be Media)
Phantom Galaxies raised US$19mm in their land sale, Animoca partnered with Yuga Labs on the Otherside project and for ApeCoin (APE)
Very busy quarter!
