Animoca Brands, the firm behind noted NFT-powered games The Sandbox and F1 Delta Time, has reported record revenue amid the COVID-19 lockdown.
Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19 pandemic.
The first quarter was Animoca Brands’ strongest on record with $4.33 million in revenue, followed by a record month with $3 million during April.
Animoca Brands held $6.08 million in fiat and crypto assets at the end of April. Roughly $770,000 of the company’s holdings comprised Bitcoin (BTC) and Ether (ETH), alongside $1.12 million in various altcoins.
Animoca attributed the increase in its crypto holdings to successful sales involving non-fungible tokens (NFTs) for its titles The Sandbox, F1 Delta Time, and Crazy Defense Heroes.
The experts think that the coronavirus lockdown has fostered a “change in behavior” among many new and ‘born-again’ gamers that will last into the longer-term — with gaming becoming a cornerstone of their entertainment-seeking rituals.
How do you think about this? Did you start playing blockchain games at home because of isolation?