Metaverse and blockchain gaming business firm Animoca Brands has revealed that its treasury increased in value by more than than 5 times in merely two months.

Other income, which includes gains on the more than 100 investments and digital assets in its portfolio, accounted for $529.six million from January through Sept. 2022.

Animoca co-founder and chairman Yat Siu's Thursday alphabetic character to the Metaverse and NFT customs said that its stack of tokens, including REVV (REVV), The Sandbox (SAND), Tower (TOWER) and GAMEE (GMEE), had seen a big increment, thanks to surging values in the sector.

"The reserve of digital avails belonging to the Animoca Brands ecosystem of products and platforms has risen from a value of about US $2.9 billion at the end of September 2022 to about United states of america $15.9 billion at the cease November 2022 — a more than five-fold increment in only ii months."

Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, nonfungible tokens (NFTs) and decentralized finance (DeFi).

To illustrate just how much Animoca's 2 chief holdings, REVV and SAND, take increased in toll, Siu explained that their combined monthly trading volume stood but backside the 2022 GDP of Greenland a year agone. The combined trading volume of those two tokens is at present comparable to the 2022 GDP of Morocco or Slovakia, roughly $120 billion.

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The letter also revealed a philosophical bent in Animoca's choice procedure for its investments. Siu said the Animoca squad believes "that true digital ownership is the foundational block underpinning the unabridged open metaverse."

"We exercise not meet digital equity and inclusion every bit options; nosotros see them as basic requirements."

Animoca is set to maintain its lead on the NFT and metaverse market as it just launched a $200 one thousand thousand investment program with Binance Smart Chain (BSC). This fund will be used to incubate crypto gaming projects on BSC.