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?
We are surely going to see a significant increase because of the pandemic since a lot of people are probably going to work at home blockchain gaming companies etc. is going to be a trend.
For sure for some people or at this time they will have thoughts about working at home just like streaming, making videos, etc. At some point, we can already see that a lot of creators is going for it and it will be a trend for sure because people will have a lot of screen time at the time of the pandemic.