December 18, 2023 10:16 AM | 1 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
Hong Kong-based gaming company Animoca Brands on Monday disclosed substantial financial holdings and a wide array of investments, in an apparent bid to highlight its strong position in the burgeoning Web3 and blockchain industry.
According to the report, as of Nov. 30, 2023, Animoca Brands has amassed significant financial resources, including $172 million in cash and stablecoins.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
Stablecoins, known for their price stability, are a key asset in the volatile cryptocurrency market and are often used to manage transactional operations within the blockchain ecosystem.
In addition to its liquid assets, Animoca Brands reported holding $330 million in third-party tokens, which includes reserves of The Sandbox (CRYPTO: SAND) tokens.
SAND is the utility token used in The Sandbox, a virtual world and game ecosystem where users can create, control, and monetize gaming experiences.
One of the most notable disclosures in the report is Animoca Brands’ substantial off-balance sheet token reserves, valued at approximately $1.6 billion.
“The Best Report Benzinga Has Ever Produced”
Massive returns are possible within this market! For a limited time, get access to the Benzinga Insider Report, usually $47/month, for just $0.99! Discover extremely undervalued stock picks before they skyrocket! Time is running out! Act fast and secure your future wealth at this unbelievable discount! Claim Your $0.99 Offer NOW!
Also Read: Shibu Inu Is At The Brink Of All-Time Highs, Will It Roar? When Analysts Expect A Historic Pop
These reserves represent a significant strategic asset for the company, offering both financial flexibility and investment potential in the rapidly evolving Web3 domain.
Beyond its financial holdings, Animoca Brands has made investments in over 400 projects across the Web3 spectrum.
This includes funding for 110 gaming projects, reflecting the company’s focus on the intersection of blockchain technology and interactive digital entertainment.
Additionally, Animoca Brands has invested in 50 infrastructure projects, which are crucial for the development and expansion of the Web3 ecosystem.
These projects range from foundational blockchain technologies to platforms that enable the creation and distribution of digital assets and decentralized applications.
Read Next: SEC Rejects Coinbase’s Rulemaking Petition, Insists Current Laws Are Applicable
Photo: Shutterstock
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This news is republished from another source. You can check the original article here