Animoca Brands Investor Update for Q1 2024

Proposed Transaction Details

Futureverse and Animoca Brands intend to undertake an equity swap valued at US\\$5 billion. This transaction will combine the strengths of both companies, creating a leading player in the web3 gaming and metaverse sector.

Financial Highlights

Animoca Brands reported strong financial performance for the quarter ending on 31 March 2024. Revenue increased by 75% year-over-year, driven by growth in its gaming and digital asset businesses.

Transaction Rationale

The proposed equity swap will enable both Futureverse and Animoca Brands to leverage their respective strengths and create a more comprehensive offering for their customers. Futureverse's expertise in gaming and metaverse development will complement Animoca Brands' leadership in blockchain technology and digital property rights.

Strategic Objectives

The combined entity will focus on the following strategic objectives:

• Become the leading provider of blockchain gaming and metaverse experiences
• Expand the reach of blockchain technology and digital property rights
• Drive innovation and growth in the web3 ecosystem