Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins

Animoca Brands has disclosed that it is “financially strong” to continue operations. The Hong Kong-based firm reported a stablecoin reserve of $194 million as of April 30, 2023. It also sits on $566 million worth of liquid digital assets, including a utility token for the "Sandbox NFT metaverse platform,” SAND. Meanwhile, other token reserves not in the balance belonging to its majority-owned Web 3 subsidiaries are currently worth $2.7 billion. ... Read More: Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins