Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, NFTs, and Decentralized Finance (DeFi). To illustrate just how much Animoca’s two primary holdings, REVV and SAND, have increased in price, Siu explained that their combined monthly trading volume stood just behind the 2020 GDP of Greenland a year ago. The combined trading volume of those two tokens is now comparable to the 2021 GDP of Morocco or Slovakia, roughly $120 billion.

Each of these tokens is a blockchain GameFi or metaverse project. GameFi refers to projects that involve gaming, NFTs, and Decentralized Finance (DeFi). To illustrate just how much Animoca’s two primary holdings, REVV and SAND, have increased in price, Siu explained that their combined monthly trading volume stood just behind the 2020 GDP of Greenland a year ago. The combined trading volume of those two tokens is now comparable to the 2021 GDP of Morocco or Slovakia, roughly $120 billion.

Animoca co-founder and chairman Yat Siu’s Dec. 9 letter to the Metaverse and NFT community said that its stack of tokens including REVV (REVV), The Sandbox (SAND), Tower (TOWER), and GAMEE (GMEE), had seen a big increase thanks to surging values in the sector.

Animoca co-founder and chairman Yat Siu’s Dec. 9 letter to the Metaverse and NFT community said that its stack of tokens including REVV (REVV), The Sandbox (SAND), Tower (TOWER), and GAMEE (GMEE), had seen a big increase thanks to surging values in the sector.

Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury increased in value by more than five times in just two months. Other income, which includes gains on the more than 100 investments and digital assets in its portfolio, accounted for $529.6 million from January through Sept. 2021.

Metaverse and blockchain gaming firm Animoca Brands has revealed that its treasury increased in value by more than five times in just two months. Other income, which includes gains on the more than 100 investments and digital assets in its portfolio, accounted for $529.6 million from January through Sept. 2021.

Related: NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im The letter also revealed a philosophical bent in Animoca’s selection process for its investments. Siu said the Animoca team believes “that true digital ownership is the foundational block underpinning the entire open metaverse.”

Related: NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im The letter also revealed a philosophical bent in Animoca’s selection process for its investments. Siu said the Animoca team believes “that true digital ownership is the foundational block underpinning the entire open metaverse.”