Animoca Brands wrapped up 2024 with a bang, showcasing advancements across its digital asset advisory services, Web3 operating businesses, and investment portfolio. Let’s delve into Animoca’s key accomplishments in Q4 2024 and throughout the Financial Year, highlighting its expansion in gaming, education finance, identity solutions, and emerging AI initiatives.
### Digital Asset Advisory: A Major Revenue Driver
Recognized by Deloitte Tech Fast and Fortune Crypto 40, Animoca is a top player in the blockchain game industry. With projects like Moca Network, The Sandbox, and Anichess, Animoca is a champion of the open metaverse. Moreover, the company has invested in over 540 projects, including Yuga Labs and OpenSea, to drive growth in the Web3 ecosystem.
One of Animoca Brands’ standout achievements in 2024 was the impressive performance of its Digital Asset Advisory (DAA) division. Providing token advisory, tokenomics consultation, marketing support, and trading services for emerging Web3 projects, the DAA unit saw a remarkable 116% increase in annual revenue year-over-year.
Partnering with 21 innovative blockchain ventures, DAA generated US$68 million from token advisory services alone, with an additional US$97 million from market-making, treasury management, blockchain node operations, and yield-focused trading strategies.
### Moca Network: Pioneering Decentralized Identity
Moca Network, a key Web3 initiative by Animoca, is a chain-agnostic infrastructure that emerged from the Mocaverse project. Offering users a single digital identity (Moca ID) to manage assets, identity, and reputation across various ecosystems, Moca Network aims to enhance accessibility to Web3 for all users. The network’s utility token, MOCA Coin, powers data generation, AI agents, and DAO governance.
Having secured an additional US$10 million in funding, Moca Network’s total investments reached US$41.88 million since December 2023. Strategic partnerships with Square Enix’s SYMBIOGENESIS and SK Planet further emphasize Moca Network’s commitment to seamless onboarding for large user bases.
### Open Campus & TinyTap: Revolutionizing On-Chain Education
In the education sector, Open Campus and its partner TinyTap are revolutionizing learning through blockchain technology. With a vision to tokenize the US$2.2 trillion student finance market, Open Campus introduced an EDU Scholarship Fund, offering learners up to US$1,000 in EDU credits. The project’s EDU Chain operates as a Layer 3 blockchain on Arbitrum Orbit, supporting education apps and financial tools like EduFi.
By the end of 2024, Open Campus ID had reached 850,000 holders, with a 578% increase in new users during Q4, showcasing a global interest in blockchain-based educational solutions.
### The Sandbox & Anichess
Web3 gaming remains a focal point for Animoca Brands, as seen through the success of The Sandbox, Anichess, and GAMEE. The Sandbox concluded Alpha Season 4 with 580,000 unique players logging over 1 million hours of playtime. Anichess, collaborating with Chess.com, launched its public alpha and partnered with Yield Guild Games to expand into the Southeast Asian market, surpassing 100,000 monthly active players.
### Investment Management & AI Initiatives
With a portfolio of over 540 investments in areas like DeFi, infrastructure, gaming, and AI, Animoca Brands continues to invest in promising Web3 projects. Notable entries in Q4 included 0G Labs, Cookie3, FLock.io, MyShell, and Talus. The company is also integrating AI technologies into its product ecosystem, with partnerships focusing on AI-driven gaming experiences and decentralized AI model development.
### Final Thoughts
Animoca Brands’ achievements in 2024 underscore its impact in Web3 infrastructure, gaming, and beyond. From innovative digital identity solutions and on-chain education financing to strategic AI collaborations, the company’s diverse approach positions it as a leader in next-generation blockchain development. With strong momentum heading into 2025, Animoca Brands is poised to continue driving the adoption of Web3 and AI-driven solutions globally.