Animoca Brands Experiences Revenue Increase as AI Reduces Costs

Animoca Brands, a prominent blockchain gaming and investment firm, saw 2024 bookings reach $314 million, a 12% jump year-over-year. The firm puts the increase down to growth in its digital asset advisory business and investment in real-world asset (RWA) and stablecoin projects.

Revenue comprises all revenues and income to be received under recurring contracts. Animoca’s Digital Asset Advisory (DAA) business segment had the largest increase in 2024, reporting $165 million, a 116% increase from previous year. Incubated projects and subsidiaries had $110 million, and investment activities had $39 million.

Save Money with AI and Optimization

Besides making more money, Animoca Brands cut the cost of doing business by 12%, from $246 million in 2023 to $217 million in 2024. They attributed this cost cutting entirely due to the use of artificial intelligence and business optimization software they started incorporating in the second half of 2023.

AI has been instrumental in investment choices, game creation, and overall cost reductions. Animoca is training AI agents with its internal knowledge, according to co-founder Yat Siu, further improving efficiency and automation.

Looking Ahead: Crypto-Friendly Climate in the US

Siu is bullish on growth in 2025, especially with a more crypto-supporting political environment in the United States. He believes there are economic threats, such as Trump’s tariffs, but he believes that ultimately market trends are gonna work out for crypto and blockchain technology.

Therefore, Animoca Brands is poised to prosper in the new digital assets age with cost savings via AI, advisory service growth, and a strong investment portfolio.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles