{
}
Palicha labeled Zomato CEO Deepinder Goyal's claims about Zepto's cash burn as “verifiably untrue.” Meanwhile, Prime Venture Partners has launched a US$100 million fund for early-stage startups in India, while South Korea introduced a US$34 billion policy fund to support strategic industries. Additionally, ByteDance is initiating a US$312 billion employee stock buyback program, reflecting increased investor confidence.
Animoca Brands reported impressive bookings of $314 million for the fiscal year 2024. This significant figure highlights the company's strong performance and growth trajectory in the gaming and digital entertainment sectors.
Animoca Brands reported $314 million in bookings for FY2024, up from $280 million in FY2023, with significant contributions from its Digital Asset Advisory segment, which saw a 116% increase year-on-year. Q4 2024 bookings reached $108 million, a substantial rise from $40 million in Q4 2023. Operating expenses decreased by 12% to $217 million, while the company’s financial assets included $293 million in cash and stablecoins, $538 million in digital assets, and a minority investment portfolio valued at $564 million.
SoSoValue has issued a warning about a fraudulent token, SOSO, on the Binance Smart Chain, clarifying that it has not launched any official cryptocurrency. This alert follows the identification of a fake contract and phishing attempts linked to the company's recent $15 million funding announcement. Users are urged to remain vigilant against scams exploiting the crypto space.
Humanity Protocol has launched the Humanity Foundation to enhance decentralized identity using palm scanning technology, offering a less invasive alternative to iris scans used by its competitor, World. This privacy-focused approach utilizes encrypted biometric data stored on distributed nodes, ensuring user control over personal information. With the integration of zero-knowledge proofs, the protocol aims to create secure identity systems that cater to both individuals and organizations, positioning itself as a significant player in the decentralized identity market.
Humanity Protocol has launched the Humanity Foundation, moving closer to its token generation event. Focused on decentralized identity and zero-knowledge proofs, it utilizes palm recognition technology for secure identity verification, contrasting with competitor World’s iris scans. The protocol ensures biometric data is encrypted and not stored on centralized servers, enhancing user privacy and control.
At the start of 2023, DAO treasuries were valued at approximately $12 billion, rising to around $32 billion by January 2025, governed by 11.4 million token holders. The open metaverse economy, driven by fungible tokens, has seen cryptocurrency market value soar from $1.1 trillion to $3.2 trillion, with daily trade volumes surpassing those of the Hong Kong Stock Exchange. NFTs represent unique digital ownership, marking a significant shift in online property rights, with the concept gaining traction since the introduction of the ERC-721 standard in 2017.
XYRO, a gamified social trading platform backed by Animoca Brands, Chainlink, and CoinMarketCap, has rapidly gained traction, generating $3.5M in gaming volume and attracting over 1.2 million followers since its mainnet launch in October 2024. The platform features four gaming modes that cater to both novices and experienced traders, with all activities recorded on the Arbitrum blockchain for transparency. Upcoming milestones include the launch of the $XYRO token and a gamified airdrop in Q1 2025, enhancing its SocialFi capabilities.
The UK's Financial Conduct Authority (FCA) has issued a warning against the Solana-based memecoin Retardio, citing unauthorized financial promotions and highlighting the lack of protections for UK investors. With a market cap of $87 million, Retardio is linked to an NFT project that has seen $31 million in sales. The FCA emphasized that consumers should only engage with FCA-approved firms to ensure financial safety, as unauthorized projects do not offer access to the Financial Ombudsman Service or the Financial Services Compensation Scheme.
Major exchanges are set to launch new crypto listings this week, including Binance's Simon’s Cat (CAT) and Pudgy Penguins’ PENGU, alongside Upbit’s MOCA. CAT surged 64% ahead of its debut, while MOCA exploded 370% following its listing, highlighting significant market activity and investor interest.
Animoca Brands Ltd.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
new funds launched in india and south korea amid growing investor confidence
10:30 07.03.2025
Animoca Brands reports 314 million in bookings for fiscal year 2024
14:37 05.03.2025
animoca brands reports 314 million in bookings for fiscal year 2024
13:31 05.03.2025
crypto research firm warns of fake sosotoken on binance smart chain
23:12 14.01.2025
humanity protocol advances decentralized identity with innovative palm scanning technology
20:01 14.01.2025
humanity protocol launches foundation to advance decentralized identity technology
11:00 14.01.2025
the evolving landscape of digital ownership in the open metaverse
09:26 14.01.2025
XYRO launches gamified social trading platform with major industry backing
11:26 20.12.2024
UK FCA warns against Solana based memecoin Retardio amid investor risks
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new crypto listings spark market activity with significant price movements
18:46 17.12.2024
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