Animoca Brands has publicized 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 letter to the Metaverse and NFT community stated 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.
To illustrate just how much Animoca’s two primary holdings, REVV and SAND, have increased in price, Siu explained that their combined monthly trading volume stood just behind 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, which is roughly $120 billion.
