Proactiveinvestors Australia Animoca Brands Corporation Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Animoca Brands Corporation Ltd RSS feed en Sat, 23 Mar 2019 21:43:10 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Animoca Brands has news pending of proposed major partnership ]]> https://www.proactiveinvestors.com.au/companies/news/216984/animoca-brands-has-news-pending-of-proposed-major-partnership-216984.html Animoca Brands Corporation Ltd (ASX:AB1) has an announcement pending in relation to a proposed major partnership and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal trading on Tuesday, March 26, 2019, or when an announcement is released to the market, whichever occurs earliest.

Animoca shares last traded at 9.9 cents and, according to Commsec, the company “appears to be in a strong bullish trend”.

There has been strong news flow in the past month.

READ: Animoca Brands’ subsidiary Zeroth secures investment from Silver Egg Technology

This week company subsidiary Zeroth has secured an investment of about $710,000 from the Hong Kong subsidiary of Silver Egg Technology (TYO:3961).

Silver Egg is a Japanese company with more than 20 years of experience providing artificial intelligence (AI) based web marketing services.

The new capital will allow Zeroth to consider investments into a broader range of companies and allows additional fee generation.

Zeroth, which was acquired by Animoca Brands last year, is Asia’s first accelerator program backing high-potential startups that are working on frontier technologies including AI, machine learning, and blockchain.

READ: Animoca Brands launches new mobile game based on Wonder Park film

Last week, Animoca launched Wonder Park Magic Rides, a mobile game based on the new Paramount Pictures animated film Wonder Park, which opens in Australian cinemas on April 4.

Players can create the amusement park of their dreams with June, Boomer, and the rest of the Wonder Park gang with the game available on the App Store and Google Play.

READ: Animoca Brands secures $12.6 million contract; expands footprint into China

The company progressed its partnership with iClick Interactive Asia (NASDAQ:ICLK) earlier this month by signing a deal worth about $12.6 million with Vigame Network to resell the advertising inventory of iClick.

iClick is a China-based online marketing platform with gross billings of over US$400 million per annum. It is the largest Chinese independent online marketing platform in terms of gross billing.

Animoca will resell to Vigame the social, media, and games advertising inventory of iClick for one year.

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Fri, 22 Mar 2019 10:28:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216984/animoca-brands-has-news-pending-of-proposed-major-partnership-216984.html
<![CDATA[News - Animoca Brands’ subsidiary Zeroth secures investment from Silver Egg Technology ]]> https://www.proactiveinvestors.com.au/companies/news/216605/animoca-brands-subsidiary-zeroth-secures-investment-from-silver-egg-technology-216605.html Animoca Brands Corporation Ltd’s (ASX:AB1) subsidiary Zeroth has secured an investment of about $0.71 million from the Hong Kong subsidiary of Silver Egg Technology (TYO:3961).

Silver Egg is a Japanese company with over 20 years of experience providing artificial intelligence (AI) based web marketing services.

It is one of the top recommendation Software as a Service (SaaS) providers in Japan, with 27% Japanese market share by sales volume in 2017.

Silver Egg recently released Prospector, an AI powered tool for outbound marketing that helps businesses target prospective customers based on their previous purchasing behaviours.

 

Zeroth, which was acquired by Animoca Brands last year, is Asia’s first accelerator program backing high-potential startups that are working on frontier technologies including AI, machine learning, and blockchain.

READ: Animoca Brands has an early lead in blockchain gaming boom

Zeroth provides operational, strategic, and networking support to investee companies as they develop their businesses.

It has accelerated three cohorts totalling 33 companies from 15 countries and is accelerating 30 more companies in the current Z04 cohort, obtaining around 6% equity in each accelerated company.

The new capital from Silver Egg will allow Zeroth to consider investments into a broader range of companies and allows additional fee generation.

READ: Animoca Brands secures $12.6 million contract; expands footprint into China

Silver Egg president and CEO Thomas Foley said: “I am profoundly impressed by the strategic potential of Zeroth’s startup partners.

“We are not only well-positioned to help bring their ambitions to fruition in the difficult-to-penetrate Japanese market, but by working together we can realize Animoca Brands’ strategic vision for unleashing the immense potential of AI and Blockchain worldwide.”

READ: Animoca Brands launches new mobile game based on Wonder Park film

Animoca co-founder and chairman Yat Siu said: “Following the partnership with Deepcore announced last November, we’re especially excited to secure Silver Egg as a key partner as we progress our work in AI and blockchain, and we will seek to deepen this relationship.

“We look forward to working together and leveraging the lucrative Japan market.”

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Mon, 18 Mar 2019 17:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216605/animoca-brands-subsidiary-zeroth-secures-investment-from-silver-egg-technology-216605.html
<![CDATA[News - Animoca Brands launches new mobile game based on Wonder Park film ]]> https://www.proactiveinvestors.com.au/companies/news/216514/animoca-brands-launches-new-mobile-game-based-on-wonder-park-film-216514.html Animoca Brands Corporation Ltd (ASX:AB1) has launched Wonder Park Magic Rides, the mobile game based on the new Paramount Pictures animated film Wonder Park.

The film is opening in cinemas across the US on 15 March and in Australia on 4 April 2019.

Wonder Park Magic Rides is an amusement park building adventure game available on the App Store and Google Play.

Players can create the amusement park of their dreams with June, Boomer, and the rest of the Wonder Park gang.

READ: Animoca Brands secures $12.6 million contract; expands footprint into China

Pixowl’s CEO and co-founder Arthur Madrid said: "Wonder Park Magic Rides brings to mobile the thrill of creating your own amusement park with beloved characters from the film.”

“Players can create their own rich park adventure as they build attractions, interact with characters, craft items, and strive to keep visitors happy while stopping pesky Chimpanzombies from destroying their creations!”

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Fri, 15 Mar 2019 09:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216514/animoca-brands-launches-new-mobile-game-based-on-wonder-park-film-216514.html
<![CDATA[News - Animoca Brands secures $12.6 million contract; expands footprint into China ]]> https://www.proactiveinvestors.com.au/companies/news/216051/animoca-brands-secures-126-million-contract-expands-footprint-into-china-216051.html Animoca Brands Corporation Ltd (ASX:AB1) has progressed its partnership with iClick Interactive Asia (NASDAQ:ICLK), signing a deal with Vigame Network worth about $12.6 million to resell the advertising inventory of iClick.

iClick is a China-based online marketing platform with gross billings of over US$400 million per annum. It is the largest Chinese independent online marketing platform in terms of gross billing.

 

Vigame is a leading mobile game developer and publisher in China focusing on casual games.

Animoca will resell to Vigame the social, media, and games advertising inventory of iClick for one year.

READ: Animoca Brands outlines China opportunity through iClick partnership

iClick has access to over 780 million user profiles and is the largest independent provider of advertising content to Tencent’s WeChat platform.

As a strategic reseller of iClick’s online marketing services, Animoca provides various services to iClick and its partners and clients, assisting them in expanding into the international video game market.

READ: Animoca Brands achieves record revenues in 2018; continues to focus on growth

Notably, the new deal has exceeded Animoca’ previous estimate that the partnership with iClick would generate a minimum of $11.3 million revenue.

Animoca co-founder and chairman Yat Siu said: “This deal with Vigame is an important first step in our broader partnership with iClick.

“We will continue to expand the marketing and distribution capabilities of Animoca Brands throughout China while generating revenues from these initiatives, and we look forward to a series of fruitful and productive relationship with exciting new partners like Vigame.”

Access to 98% of internet users in China

Animoca works with iClick to expand the latter’s scope of activities in the video game sector, providing expertise in mobile gaming, blockchain, AI (artificial intelligence) and international markets.

The partnership brings multiple opportunities to Animoca including access to 98% of internet users in the Chinese market, an entry point to digital media resources such as ByteDance, Baidu, and Tencent, and access to the inventory of Tencent.

Animoca is utilising the partnership with iClick to explore opportunities for new audience reach and revenue generation in China.

READ: Animoca Brands has an early lead in blockchain gaming boom

China is the world’s largest mobile gaming market, with roughly a quarter of global gaming revenue.

On average, adults in China spend 3 hours per day on internet activities, and digital media is an integral part to hundreds of millions of Chinese consumers.

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Fri, 08 Mar 2019 12:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216051/animoca-brands-secures-126-million-contract-expands-footprint-into-china-216051.html
<![CDATA[Media files - Animoca Brands is cash flow positive with record cash receipts ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12424/animoca-brands-is-cash-flow-positive-with-record-cash-receipts-12424.html Mon, 04 Mar 2019 11:59:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12424/animoca-brands-is-cash-flow-positive-with-record-cash-receipts-12424.html <![CDATA[News - Animoca Brands achieves record revenues in 2018; continues to focus on growth ]]> https://www.proactiveinvestors.com.au/companies/news/215651/animoca-brands-achieves-record-revenues-in-2018-continues-to-focus-on-growth-215651.html Animoca Brands Corporation Ltd (ASX:AB1) has achieved the strongest financial performance in its history for the 12-month period ending December 31, 2018 (FY18).

The company’s revenue of $13.5 million ($17.5 million including other income) and cash receipts of $15.7 million represents increases of 100.46% and 144.76%, respectively, on FY17.

READ: Animoca Brands Corporation's deals with iClick and Atari bode well for revenues

Importantly, Animoca became operationally cash flow positive in FY18. The company ended the period well-positioned with $9.2 million in cash.

The financial year 2018 was a transformational year for Animoca, during which time the results of the restructuring undertaken in 2017 began to emerge.

READ: Animoca Brands delivers strongest year on record; continues to grow revenues

Following a year of divestment, in 2018 the company focused on growth and expansion as it secured success in its core business of mobile games, generating significant revenues and being named one of the world’s top 50 developers of 2018 by PocketGamer.

Animoca also began expanding into two technology spaces that it believes will significantly impact the mobile game industry: artificial intelligence (AI) and blockchain.

READ: Animoca Brands has an early lead in blockchain gaming boom

Shortly after the end of the 2018 financial year, the company announced a strategic partnership with WAX Blockchain to offer digital items from The Sandbox for sale on the WAX platform and launched the Android version of Crazy Defense Heroes on Google Play Early Access.

Animoca also secured a strategic investment of US$1 million into its OliveX subsidiary, further strengthening that company’s position in the burgeoning health and fitness technology market.

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Mon, 04 Mar 2019 08:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215651/animoca-brands-achieves-record-revenues-in-2018-continues-to-focus-on-growth-215651.html
<![CDATA[Media files - Animoca Brands subsidiary OliveX branching out into smart home workout devices ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12409/animoca-brands-subsidiary-olivex-branching-out-into-smart-home-workout-devices-12409.html Fri, 01 Mar 2019 14:21:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12409/animoca-brands-subsidiary-olivex-branching-out-into-smart-home-workout-devices-12409.html <![CDATA[News - Animoca Brands subsidiary OliveX secures US$1 million ]]> https://www.proactiveinvestors.com.au/companies/news/215169/animoca-brands-subsidiary-olivex-secures-us1-million-215169.html Animoca Brands Corporation Ltd’s (ASX:AB1) subsidiary OliveX (HK) Limited has secured US$1 million in funding from strategic investors including Alabaster and Antanas Guoga.

OliveX was launched in March 2018 and it develops and publishes products that leverage artificial intelligence (AI) and gamification to improve users’ health and fitness.

The global mobile health market had an estimated valued of US$24.2 billion in 2017 and is forecast to grow at a compounded annual growth rate (CAGR) of 26.1% reaching US$152.6 billion by 2026.

Today’s funding will advance OliveX’s body motion AI initiatives and a number of additional opportunities in the wellness space, including potentially deploying the capital for app acquisitions.

READ: Animoca Brands has an early lead in blockchain gaming boom

Animoca’s co-founder and chairman Yat Siu said: “The board and management of Animoca Brands are pleased with the continued expansion in OliveX’s strategic investor base.

“OliveX continues to attract a high level of management and market support. We look forward to OliveX’s progression in the health and wellness space as it unlocks value for Animoca Brands and its shareholders.”

Over 1.4 million downloads in the last 12 months

OliveX has accumulated over 1.4 million downloads in the last 12 months with fitness apps such as 22 pushups, Vora - Fasting Tracker, and Lympo Squat.

Investors include Alabaster and Antanas Guoga

Strategic investors in the raising included Alabaster and EU parliament member Antanas Guoga, also known as Tony G.

Alabaster is a start-up investor focused on companies that it believes will have a global impact founded by Sonny Vu who is chairman of OliveX.

Vu previously founded Misfit, a wearable activities tracker company that was acquired by Fossil Group, Inc., in 2015 for US$260 million.

Tony G is a prominent Lithuanian businessman and politician, and the co-founder of leading blockchain fitness company Lympo.

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Mon, 25 Feb 2019 11:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215169/animoca-brands-subsidiary-olivex-secures-us1-million-215169.html
<![CDATA[News - Animoca Brands has an early lead in blockchain gaming boom ]]> https://www.proactiveinvestors.com.au/companies/news/215005/animoca-brands-has-an-early-lead-in-blockchain-gaming-boom-215005.html Animoca Brands Corporation Ltd (ASX:AB1) is undergoing continued growth in both existing and new business lines following a series of strategic investment partnerships in the area of blockchain gaming with prominent blockchain companies such as Decentraland and Mindfund, and major companies such as Atari and iClick.

Q4 2018 update: A record year

The company has multiple game-based business lines: development of original games, branded games, and games for third parties along with publishing and distribution services.

2018 was Animoca’s best year ever with about $14.9 million in revenue as the company made significant progress towards adoption of blockchain and artificial intelligence (AI) for gaming.

Recent Highlights:

Zeroth Acquisition

Animoca Brands entered into an earn-in agreement to acquire a majority stake in Venture Classic Limited, the operational company of Zeroth SPC for a total consideration of $1.5 million.

READ: Animoca Brands increases revenue amid key acquisitions

It is worth noting that Zeroth is Asia’s first artificial intelligence accelerator.

READ: Animoca Brands signs multiple deals to launch blockchain products for mass consumer markets

Animoca has also cemented strategic partnership and co-investment deals with leading blockchain companies, including Dapper Labs (CryptoKitties), Mind Fund, Helix, Datum, LikeCoin, Musicoin and Simple Token.

Animoca Brands development centres

READ: Animoca Brands Corporation signs deal to expand trading of blockchain-based digital assets

The company is partnering with Worldwide Asset eXchange, or WAX, a company overseeing the world’s largest purpose-built blockchain e-commerce platform designed for trading virtual items.

Animoca will allow player-made non-fungible tokens (NFTs) generated in The Sandbox blockchain game creation platform to be bought, traded and sold on the WAX Marketplace, providing additional visibility and liquidity to their creators.

Bringing the next billion to the blockchain through games

Animoca co-founder and chairman Yat Siu said: “We believe gamers are the first and easiest frontier for blockchain adoption.

“Animoca Brands is on a mission to use games to onboard the next billion people on to blockchain.

“We believe that the true digital ownership conferred by NFTs has the potential to significantly boost conversion for our products.”

Key value drivers for revenue and growth

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Thu, 21 Feb 2019 14:31:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215005/animoca-brands-has-an-early-lead-in-blockchain-gaming-boom-215005.html
<![CDATA[News - Animoca Brands gains new substantial shareholder with 7.7% stake ]]> https://www.proactiveinvestors.com.au/companies/news/214391/animoca-brands-gains-new-substantial-shareholder-with-77-stake-214391.html Animoca Brands Corporation Ltd (ASX:AB1) has gained a new substantial shareholder in Hong Kong-based Katherine Yip who has accumulated more than 57.833 million shares representing a 7.7% holding.

Initial substantial shareholder status was reached on January 25, 2019, when she acquired 42.25 million shares valued at more than $4.14 million.

Katherine Yip is founder of Pacific Alliance Group and co-founder and partner of Vina Capital.

READ: Animoca Brands delivers strongest year on record; continues to grow revenues

Her investment coincides with a strong period of growth for the Hong Kong-based, ASX-listed AI, Blockchain and mobile technology developer with a specific focus on games.

Animoca’s total net cash inflow from operating activities for the December 2018 quarter was positive, representing the fourth consecutive cash flow positive quarter.

The company generated an unaudited revenue of $4.59 million during the quarter, representing an increase of 188% on the same period of 2017 and bringing total, unaudited revenue for the year to $14.88 million.

Cash receipts for the three months totalled $6.89 million, up 637% on the same period of 2017 and the company ended the quarter with $10.9 million in cash and cash equivalents.

The continued performance of the core gaming business, led by titles like Crazy Kings and Crazy Defense Heroes, as well as the portfolio of branded games, drove revenue and cash flow during the quarter.

READ: Animoca Brands to expand successful mobile game to Android devices

A series of strategic investments and partnerships in the area of Blockchain games has positioned Animoca to be a global leader in this burgeoning new sector.

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Tue, 12 Feb 2019 08:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214391/animoca-brands-gains-new-substantial-shareholder-with-77-stake-214391.html
<![CDATA[News - Animoca Brands to expand successful mobile game to Android devices ]]> https://www.proactiveinvestors.com.au/companies/news/214124/animoca-brands-to-expand-successful-mobile-game-to-android-devices-214124.html Animoca Brands Corporation Ltd (ASX:AB1) is on track to launch mobile game Crazy Defense Heroes in the Google Play Store later this year.

Crazy Defense Heroes is the sequel to Crazy Kings, both games achieving success generating $2.8 million in revenue in the first three months since the January 2018 launch.

Crazy Defense Heroes has continued to generate strong revenues following a phased iOS (Apple) release in 2018; the iOS version of the game is now available globally.

Android devices account for 74.5% of global market

Crazy Defense Heroes is now featured worldwide on Google Play’s Early Access platform, in preparation of the full commercial launch campaign to occur after the Early Access period.

Global release on Android is expected to be a significant revenue catalyst given Android accounts for 74.5% of the mobile operating system global market.

Animoca is also pursuing additional distribution agreements, marquee branding opportunities and adaptations of the game to drive revenue growth.

READ: Animoca Brands delivers strongest year on record; continues to grow revenues

Animoca recently reported a strong December quarter with unaudited revenue of $4.59 million representing an increase of 188% on the same period of 2017.

The continued performance of the core gaming business, led by titles like Crazy Kings and Crazy Defense Heroes, as well as the portfolio of branded games, drove revenue and cash flow during the quarter.

A series of strategic investments and partnerships in the area of blockchain games has positioned Animoca to be a global leader in this burgeoning new sector.

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Thu, 07 Feb 2019 08:49:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214124/animoca-brands-to-expand-successful-mobile-game-to-android-devices-214124.html
<![CDATA[News - Animoca Brands delivers strongest year on record; continues to grow revenues ]]> https://www.proactiveinvestors.com.au/companies/news/213675/animoca-brands-delivers-strongest-year-on-record-continues-to-grow-revenues-213675.html Animoca Brands Corporation Ltd (ASX:AB1) has capped off a year of record results with its continued strong performance in Q4 2018.

The company generated an unaudited revenue of $4.59 million during Q4 2018, representing an increase of 188% on the same period of 2017 and bringing the total, unaudited revenue for the year to $14.88 million.

Cash receipts for Q4 2018 totalled $6.89 million, up 637% on the same period last year. Animoca ended the quarter with $10.9 million in cash and cash equivalents.

Notably, total net cash inflow from operating activities for the quarter was positive, representing the fourth consecutive quarter in which the company has been cash flow positive.

The continued performance of the core gaming business, led by titles like Crazy Kings and Crazy Defense Heroes, as well as the portfolio of branded games, drove revenue and cash flow during the quarter.

Well positioned for further growth

A series of strategic investments and partnerships in the area of blockchain games has positioned Animoca to be a global leader in this burgeoning new sector.

Animoca acquired a majority stake in Zeroth for $1.5 million, providing the company with direct access to market intelligence and open innovation including partnerships with Softbank’s Deepcore and Sun Hung Kai Financial.

 

Subsequent to the end of the quarter, Zeroth has started its fourth cohort which comprises of 30 new AI (artificial intelligence) and blockchain related start-ups from across the world.

Following on a series of major strategic investment partnerships in the areas of blockchain gaming with prominent blockchain companies (including Decentraland and Mindfund) and major gaming companies like Atari and iClick in China, Animoca is poised for continued growth.

READ: Animoca Brands partners with video game pioneer Atari

Animoca is confident that through the commencement of sales of non-fungible tokens (NFTs), revenue generation from the iClick agreement, the launch of Crazy Defence Heroes on Android, and multiple pending licensing agreements; the company will considerably bolster its revenue profile in coming months.

Furthermore, the additional capital raised around the iClick partnership has enhanced Animoca’s cash position on top of a record fourth consecutive quarter of positive cash flow generated.

READ: Animoca Brands Corporation's deals with iClick and Atari bode well for revenues

Post the quarter, the company has continued to consolidate its leadership in the area of blockchain gaming with a partnership with WAX Blockchain, the world’s first and largest purpose-built global blockchain e-commerce platform for trading virtual items.

Animoca expects to continue to execute on its mission in 2019 with a continued emphasis on Blockchain, AI and brands with its specific focus on games.

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Fri, 01 Feb 2019 08:11:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213675/animoca-brands-delivers-strongest-year-on-record-continues-to-grow-revenues-213675.html
<![CDATA[News - Animoca Brands Corporation's deals with iClick and Atari bode well for revenues ]]> https://www.proactiveinvestors.com.au/companies/news/213208/animoca-brands-corporation-s-deals-with-iclick-and-atari-bode-well-for-revenues-213208.html Animoca Brands Corporation Ltd (ASX:AB1) has taken the next step in developing its core gaming business and blockchain operations, inking deals with the Amazon of digital assets trading Worldwide Asset eXchange (WAX) and a subsidiary of video gaming pioneer Atari SA (XPAR:ATA) (NASDAQ:PONGF).

Hong Kong-based Animoca executed a term sheet with WAX overseer Exposition Park Holdings SEZC last week and formed the Atari partnership in December.

READ: Animoca Brands Corporation signs deal to expand trading of blockchain-based digital assets

Animoca’s core business is gaming, contributing popular games to the global gaming marketplace such as Crazy Defense Heroes and its prequel the tower defence collectable card fantasy game Crazy Kings.

The ASX-listed company has expanded its dominance in the gaming space with a number of key acquisitions over the last six months.

Among these was its September quarter 2018 acquisition of independent mobile game company Pixowl Inc for $US4.875 million.

The buy-up with 90% shares and 10% cash brought games and characters into the fold, including The Sandbox, Peanuts: Snoopy’s Town Tale, Garfield: Survival of the Fattest, and Goosebumps HorrorTown.

Pixowl-Animoca’s successful game franchise Sandbox allows gamers to generate their own assets or content.

Monetising assets

The WAX deal with Exposition Park will allow Sandbox users to monetise their creations by selling them at the largest blockchain in the world.

As of July 2018, WAX globally had the most blockchain trades by transaction volume, with more than 5 million peer-to-peer trades of digital collectables each day.

Animoca co-founder and chairman Yat Siu spoke to Proactive Investors’ Stocktube video channel last week about the Exposition Park term sheet, confirming the company would launch Sandbox on WAX.

Siu said: “We’re really proud and excited to be working with them because it allows people who create digital items to monetise their assets.”

Siu compared WAX to worldwide retail giant Amazon or goods-trading pioneer eBay which was also a payments pioneer with its early-adopter payments option PayPal.

 

Blockchain opportunities

WAX is powered by blockchain, one of Animoca’s specialities.

Animoca is taking advantage of blockchain opportunities in the gaming space and for investments.

An interesting way the company did this was through its mutual investment in six blockchain-focused developers and companies in October 2018 — Datum, LikeCoin, Musicoin, OST, Harmony and I-House.

Animoca engaged in a US$1 million share-and-token swap that valued Animoca shares at 10 cents apiece — this morning’s trading price.

The company’s shares have continued to steadily trade at the price point since November 2018, sitting 2 cents off its 12-month high of 12 cents.

A separate $1.5 million earn-in agreement in the September quarter 2018 allowed Animoca to grab a majority stake in Zeroth SPC operating company Venture Classic Limited.

 

Animoca’s licence agreement with Atari in December 2018 will allow the blockchain gamer to produce and publish blockchain versions of the popular Atari mobile games RollerCoaster Tycoon Touch and Goon Squad in global markets outside Greater China.

Atari took a $250,000 payment upfront in the form of shares in the company its former employee, chairman Siu, co-founded, priced at 11 cents apiece.

READ: Animoca Brands partners with video game pioneer Atari

Siu believes the two-decades-strong gaming evergreen RollerCoaster Tycoon “is a perfect candidate for blockchain adaptation.”

Atari will share in gross game revenues once these pass the US$500,000 mark.

The new partners will explore ongoing opportunities in gaming, product development, blockchain and other areas.

 

Earlier in December 2018, Animoca began collaborating with large online technology company iClick Interactive Asia Limited (NASDAQ:ICLK), giving it access to audiences in China, including those on social networks.

The partnership with iClick is tipped to generate $11 million of new initial revenue in 2019 as Animoca gains marketing access to 780 million Chinese user profiles, including web users on WeChat.

The Chinese messaging and payments platform WeChat has more than 1 billion active users.

Both Animoca and iClick will leverage data provided by Animoca’ artificial intelligence (AI) subsidiary Zeroth through the analysis and application of data using AI systems and approaches.

READ: Animoca Brands outlines China opportunity through iClick partnership

Siu told Proactive’s Stocktube channel in December 2018: “The fact that we’re able to put together these partnerships is a demonstration of the fact that we are a leader in this space and are very credible.

“We’re very honoured that these well-established companies — in many cases significantly larger than us — have also become shareholders in our business, are involved in us, are working to grow us; so they believe in our long-term vision for games, blockchain and artificial intelligence.”

Speaking specifically on the iClick deal, Siu had told Stocktube a few days earlier the collaboration framework agreement would “really open up the China market for us.

“We already have some presence there with some of our games, but now working with a company like iClick — which is the largest independent marketing company in China, with special access to platforms such as WeChat — will allow us to expand our distribution and marketing capabilities.

“It also adds, through the re-seller arrangement, a new revenue angle where we will be able to sell advertising and media services to clients from all over the world into China.”

 

Major investors

Tightly held Animoca’s top 20 shareholders held 89.36% of the company on December 10, 2018.

Its number-one shareholder was Yip Katherine Chin with 14.78%, followed by Pheby Paul John on 9.61% and Asyla Inv Ltd with 8.87%.

JP Morgan Nom Aust PL, Toronga PL and Cleland Projects PL each held 7.39% stakes for a collective fourth to sixth place while Aust Executor Ttees Ltd had 5.62%.

Financial results

Animoca is finalising its quarterly report for the December quarter of 2018 after three successive quarters of positive cash flow for the company.

The company gained in the December quarter on the day it announced an unaudited $2.97 million, or 283%, increase in revenue to $4.6 million for September quarter 2018.

Cash receipts had been up $5.7 million, or 73%, to $12.9 million in the quarter, when compared to September quarter 2017.

BIG PICTURE: Animoca Brands increases revenue amid key acquisitions

Animoca collected $6 million with two oversubscribed placements to strategic investors in the quarter, with directors Siu and Holly Liu, strategic advisor Wilhelm Taht, and leading Hong Kong conglomerate Sun Hung Kai and blockchain partners such as Lympo also tipping in.

The company ended the September quarter with $5.65 million cash and cash equivalents.

In the quarterly report published on October 31, 2018, the company predicted $4.2 million of cash outflows for the December quarter.

Animoca’s quarterly results are expected later this month.

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Wed, 23 Jan 2019 20:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213208/animoca-brands-corporation-s-deals-with-iclick-and-atari-bode-well-for-revenues-213208.html
<![CDATA[Media files - Animoca Brands partners with WAX; the leading eCommerce platform for digital items ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11858/animoca-brands-partners-with-wax-the-leading-ecommerce-platform-for-digital-items-11858.html Wed, 16 Jan 2019 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11858/animoca-brands-partners-with-wax-the-leading-ecommerce-platform-for-digital-items-11858.html <![CDATA[News - Animoca Brands Corporation signs deal to expand trading of blockchain-based digital assets ]]> https://www.proactiveinvestors.com.au/companies/news/212640/animoca-brands-corporation-signs-deal-to-expand-trading-of-blockchain-based-digital-assets-212640.html Animoca Brands Corporation Ltd (ASX:AB1) has executed a term sheet for collaboration and an exchange of value with Exposition Park Holdings SEZC, the company overseeing the Worldwide Asset eXchange, or WAX.

Since its launch in July 2018, WAX has become the biggest blockchain in the world by transaction volume, with more than 5 million peer-to-peer trades of digital collectables every day.

WAX is like the Amazon or eBay of digital items and provides a ready market for item sellers and buyers.

Animoca is collaborating with WAX to drive mass-market adoption of blockchain-based collectable virtual items and to use WAX’s millions of daily transactions to expand the reach of its subsidiary Pixowl’s The Sandbox into the gamer community.

Growth in WAXtrade volume.

The Sandbox is a decentralised, community-driven platform where creators will be able to monetise digital assets and gaming experiences on the blockchain.

READ: Animoca Brands acquires Sandbox game developer Pixowl to drive blockchain technology

This is already a successful mobile franchise with 40 million installs, 70 million worlds created and 1.2 million monthly active players.

The blockchain version for mobile, PC and Mac is launching later in 2019.

Animoca will allow player-made non-fungible tokens (NFTs) generated in The Sandbox blockchain game creation platform to be bought, traded and sold on the WAX Marketplace, providing additional visibility and liquidity to their creators.

Incentivising users

The company expects that the option to sell and trade digital assets on WAX will boost The Sandbox users’ loyalty and incentivise them to generate more content, enriching the entire community and ecosystem.

Importantly, Animoca will collect a share of the revenue generated by every transaction on WAX that involves assets for The Sandbox.

READ: Animoca Brands subsidiary teams with Lympo to reward exercise

Animoca co-founder and chairman Yat Siu said: “The relationship with WAX expands the Animoca Brands network and boosts opportunities for synergy, enabling improved monetisation of our and our partners’ NFTs and other digital assets on a well-established e-commerce platform that is also the most transacted blockchain globally.”

The chairman said that Animoca’s digital items/NFTs sold on WAX would have a ready audience.

“People who create NFTs in the Sandbox can start monetising their creators and all the other NFTs we plan to sell in the future,” he added.

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Wed, 16 Jan 2019 09:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212640/animoca-brands-corporation-signs-deal-to-expand-trading-of-blockchain-based-digital-assets-212640.html
<![CDATA[News - Animoca Brands subsidiary teams with Lympo to reward exercise ]]> https://www.proactiveinvestors.com.au/companies/news/212365/animoca-brands-subsidiary-teams-with-lympo-to-reward-exercise-212365.html Animoca Brands Corporation Ltd (ASX:AB1) subsidiary OliveX (HK) Limited has teamed with Lympo to launch Lympo Squat, a mobile app that rewards users for performing squat exercises.

Lympo Squat is powered by human pose artificial intelligence (AI) technology to analyse the user’s movements and provide real-time feedback.

Adults of any age can participate in up to six daily squat challenges, tracked and assessed by the app’s AI software and the smartphone’s camera.

READ: Animoca Brands partners with video game pioneer Atari

Users are rewarded with Lympo tokens (LYM), a form of cryptocurrency, for performing squats.

Three LYM are rewarded for successfully performing a challenge with extra bonuses for completing a streak.

Users can cash out LYM to their own cryptowallets at any time in blocks of 1,000.

LYM can be bought or sold on various cryptocurrency exchanges or used directly to purchase sporting goods on https://shop.lympo.com.

Rewards to motivate exercise

OliveX CEO Keith Rumjahn said: “The hardest part of keeping New Year’s resolutions is perseverance.

“It’s easy to exercise on a good day, but it’s really hard to do so regularly over several weeks to build a healthy and long-term exercise habit.

“Lympo Squat gives players something to look forward to every day, using gamification and crypto rewards to help users achieve a healthy regular exercise habit that is both easy and convenient.”

Squats are among the most prevalent and useful forms of strength exercises.

These exercises can stimulate bone growth, control blood sugar, help with weight loss, improve balance, posture, muscle and ligament strength and function, while reducing back and joint pain.

Various health organisations, including the American Heart Association, recommend strength training at least twice per week.

READ: Animoca Brands signs revenue-generating deal with China partner

Lympo Squat uses human pose AI technology and the front camera of a mobile device to help users to perform squat exercises, tracking 17 points on the human body.

In addition to earning cryptocurrency for every set of squats, the app includes gamified features designed to motivate users to develop the habit of exercising regularly.

Lympo Squat’s exercises are done indoors and at any time without hassle, equipment or advance preparation.

LYM tokens have monetary value

LYM crypto tokens have monetary value and are issued by Lympo, the first blockchain company to reward users with cryptocurrency for engaging in physical activity.

Lympo has partnerships with major brand names including the NBA basketball team the Dallas Mavericks and Caroline Wozniacki, one of the world’s most recognisable female athletes.

OliveX targets the health and fitness apps, wearable technology and Internet of Things (IoT) market segments.

It develops and publishes a range of mobile apps and products, including apps and products powered by AI, that leverage gamification to address the fitness and health of users.

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Fri, 11 Jan 2019 12:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212365/animoca-brands-subsidiary-teams-with-lympo-to-reward-exercise-212365.html
<![CDATA[Media files - Animoca Brands subsidiary OliveX successfully launches Lympo Squat app ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11792/animoca-brands-subsidiary-olivex-successfully-launches-lympo-squat-app-11792.html Fri, 11 Jan 2019 12:29:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11792/animoca-brands-subsidiary-olivex-successfully-launches-lympo-squat-app-11792.html <![CDATA[News - Animoca Brands appoints new company secretary ]]> https://www.proactiveinvestors.com.au/companies/news/211451/animoca-brands-appoints-new-company-secretary-211451.html Animoca Brands Corporation Ltd (ASX:AB1) has a new company secretary with Julian Rockett replacing Alyn Tai after she resigned from the position.

Rockett is a qualified corporate lawyer and listed company secretary whose background in law has included corporate compliance, advising on IPOs, M&As RTOs and capital raising for ASX-listed entities.

His diverse ASX-listed company secretarial experience includes supporting fin-tech, artificial intelligence, medical technology, logistics, equity, mining, energy, technology and commercial property companies.

In a statement, Animoca said: “The board welcomes Mr Rockett and takes this opportunity to thank Ms Tai for her contribution to the company.”

Animoca Brands leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products.

These include games such as The Sandbox, Crazy Kings and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Thomas & Friends™, Ever After High and Doraemon.

The company is the exclusive China distributor of CryptoKitties.

READ: Animoca Brands partners with video game pioneer Atari

Animoca recently entered into a licence agreement with a wholly-owned subsidiary of Atari SA (XPAR:ATA) (NASDAQ:PONGF).

The agreement grants Animoca the rights to produce and publish blockchain versions of the popular Atari® mobile game titles RollerCoaster Tycoon® Touch™ and Goon Squad™ globally, excluding Greater China.

Atari will be a strategic shareholder

Atari will take an upfront consideration of US$250,000 for the licensing deal in scrip at 11 cents per share, becoming a strategic shareholder in Animoca Brands. This fee is recoupable against revenue generated by the games.

A revenue share will be payable to Atari after gross revenues generated by the games exceed a total of US$500,000.

RollerCoaster Tycoon Touch is a theme park management simulation game for mobile devices with over 19 million downloads globally.

Goon Squad is a card-based, multiplayer brawler video game in which players navigate an underworld ruled by mobsters and fast-paced card battles in order to build the ultimate criminal empire.

Animoca expects to begin publishing the blockchain version of these games in the latter half of 2019.

READ: Animoca Brands outlines China opportunity through iClick partnership

The Atari deal came hot on the heels of Animoca entering into a collaboration framework agreement with iClick Interactive Asia Limited (NASDAQ:ICLK).

The deal will increase the company’s market share in China, the world's largest mobile games market, and is expected to generate new initial revenue of $11 million for Animoca in 2019.

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Wed, 19 Dec 2018 15:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211451/animoca-brands-appoints-new-company-secretary-211451.html
<![CDATA[Media files - Animoca Brands 'establishing itself as leader' in blockchain gaming with Atari deal ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11655/animoca-brands--establishing-itself-as-leader--in-blockchain-gaming-with-atari-deal-11655.html Tue, 18 Dec 2018 22:27:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11655/animoca-brands--establishing-itself-as-leader--in-blockchain-gaming-with-atari-deal-11655.html <![CDATA[News - Animoca Brands partners with video game pioneer Atari ]]> https://www.proactiveinvestors.com.au/companies/news/211357/animoca-brands-partners-with-video-game-pioneer-atari-211357.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into a licence agreement with a wholly -owned subsidiary of Atari SA (XPAR: ATA) (NASDAQ: PONGF).

The agreement grants Animoca the rights to produce and publish blockchain versions of the popular Atari® mobile game titles RollerCoaster Tycoon® Touch™ and Goon Squad™ globally (excluding Greater China).

Atari will take an upfront consideration of US$250,000 for the licensing deal in scrip at 11 cents per share, becoming a strategic shareholder in Animoca Brands.

This fee is recoupable against revenue generated by the games.

A revenue share will be payable to Atari after gross revenues generated by the games exceed a total of US$500,000.

READ: Animoca Brands outlines China opportunity through iClick partnership

Animoca’s co-founder and chairman Yat Siu said: “This deal marks a special moment for me because I started my career working with Atari and using Atari computers.

“The RollerCoaster Tycoon franchise is, like many of Atari’s properties, a true evergreen, having been around for two decades.

“Given the strategic and commercial elements of this incredibly fun simulation, it is a perfect candidate for blockchain adaptation.”

 

The Edge: We Review RollerCoaster Tycoon Adventures for Nintendo Switch
Read The Review -> https://t.co/xW6R1Yxmsy@atari @AtariLife @RCTAdventures @RCT_Touch @Kirialys @nvizzio @UberStrategist @spindoctormario @Nintendo #Atari #GamingNews #Nintendo #NintendoSwitch #videogames pic.twitter.com/hdEBoTL9I2

— Atari Edge / アタリエッジ (@AtariEdge) December 16, 2018

 

RollerCoaster Tycoon Touch has over 19 million downloads

RollerCoaster Tycoon Touch is a popular theme park management simulation game mobile devices with over 19 million downloads globally.

Goon Squad is a card-based, multiplayer brawler video game in which players navigate an underworld ruled by mobsters and fast-paced card battles in order to build the ultimate criminal empire.

Animoca expects to begin publishing the blockchain version of these games in the latter half of 2019.

MoU also entered to explore other avenues

The two companies have also entered into a memorandum of understanding (MoU) to develop a strategic partnership to explore mutual opportunities in gaming, product development, blockchain, and other areas.

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Tue, 18 Dec 2018 12:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211357/animoca-brands-partners-with-video-game-pioneer-atari-211357.html
<![CDATA[Media files - Animoca Brands' iClick deal provides special access to Chinese social media platforms ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11633/animoca-brands--iclick-deal-provides-special-access-to-chinese-social-media-platforms-11633.html Mon, 17 Dec 2018 13:37:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11633/animoca-brands--iclick-deal-provides-special-access-to-chinese-social-media-platforms-11633.html <![CDATA[News - Animoca Brands outlines China opportunity through iClick partnership ]]> https://www.proactiveinvestors.com.au/companies/news/211273/animoca-brands-outlines-china-opportunity-through-iclick-partnership-211273.html Animoca Brands Ltd (ASX:AB1) entered into a collaboration framework agreement with iClick Interactive Asia Limited (NASDAQ:ICLK) last week.

Notably, the partnership is expected to generate new initial revenue of A$11 million for Animoca in 2019.

The deal will increase Animoca Brands’ market share in China, the world's largest mobile games market.

READ: Animoca Brands signs revenue-generating deal with China partner

Animoca will resell iClick’s online marketing services worldwide and will provide services to iClick and its partners and clients.

iClick is China’s largest independent online marketing platform by gross billings.

Both parties will leverage data provided by Animoca Brands’ artificial intelligence (AI) subsidiary Zeroth through the analysis and application of data using AI systems and approaches.

Animoca’s co-founder and chairman Yat Siu said: “By partnering with iClick, we aim to significantly expand the marketing and distribution capabilities of Animoca Brands in China… and to utilise this rare opportunity to leverage - including through our AI subsidiary Zeroth - the valuable data assets of over 780 million Chinese user profiles.”

Synergies resulting from the partnership

Animoca Brands will empower iClick to expand the scope of its activities in the gaming sector in international markets.

iClick will provide opportunities to increase market share of Animoca Brands products in China.

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Mon, 17 Dec 2018 09:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211273/animoca-brands-outlines-china-opportunity-through-iclick-partnership-211273.html
<![CDATA[News - Animoca Brands signs revenue-generating deal with China partner ]]> https://www.proactiveinvestors.com.au/companies/news/210917/animoca-brands-signs-revenue-generating-deal-with-china-partner-210917.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into a collaboration framework agreement with iClick Interactive Asia Limited (NASDAQ:ICLK).

The two companies will establish a strategic partnership with the goal to jointly develop and grow an online marketing business serving the video game sector.

iClick is an independent online marketing technology platform that connects worldwide marketers with audiences in China.

It was ranked China's largest independent online marketing technology platform in terms of gross billing in 2018 Q1-Q3 by Frost & Sullivan.

Reselling agreement to be finalised in the near-term

Animoca and iClick are now working to finalise a strategic reseller partnership wherein Animoca will become a strategic reseller of iClick’s online marketing services.

The goal is to assist iClick in expanding into the international video gaming markets currently served by Animoca Brands.

Notably, the reseller agreement is expected to generate revenues for Animoca of around US$8 million (about A$11 million) in the calendar year 2019.

China is a massive gaming market

Animoca believes that the partnership will unlock significant opportunities for new audience reach and revenue generation in China, the world’s largest mobile gaming market with over 25% of global games revenue.

China’s mobile games domestic revenue is projected to grow from US$16 billion in 2018 to US$24.7 billion in 2022, and the number of mobile gamers is set to increase from 598 million in 2018 to 720 million in 2021.

READ: Animoca Brands board members acquire company shares

In order to support business expansion, Animoca has raised $6 million at a premium price of 9.8 cents per share from strategic investors.

Investors include Katherine Yip, founder of Pacific Alliance Group and co-founder and partner of Vina Capital, Moses Tsang, founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific, Sonny Vu, founder of Misfit (later acquired by Fossil Group for US$260 million), and Yat Siu, chairman and co-founder of Animoca Brands.

Animoca's co-founder and chairman Yat Siu said: “By partnering with iClick, we aim to significantly expand the marketing and distribution capabilities of Animoca Brands in China.

"We look forward to collaborating with the largest independent Chinese online marketing platform, and to utilise this rare opportunity to leverage - including through our AI subsidiary Zeroth - the valuable data assets of over 780 million Chinese user profiles.”

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Tue, 11 Dec 2018 13:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210917/animoca-brands-signs-revenue-generating-deal-with-china-partner-210917.html
<![CDATA[News - Animoca Brands enters trading halt ahead of potential capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/210729/animoca-brands-enters-trading-halt-ahead-of-potential-capital-raising-210729.html Animoca Brands Corporation Ltd (ASX:AB1) has been granted a trading halt by the ASX pending the release of details regarding a potential capital raising and a proposed strategic partnership to be entered into by the company.

Shares in the company will remain halted until the earlier of, either, the release of relevant information, or the commencement of trading on Tuesday, December 11, 2018.

READ: Animoca Brands partners with Tokyo-listed SoftBank Group company

The company recently entered into a strategic partnership with artificial intelligence incubator DEEPCORE, owned by global technology player SoftBank Group Corp. (TYO:9984).

Animoca entered the partnership via its wholly owned subsidiary Zeroth, which it recently acquired boosting its exposure to industry-leading AI (artificial intelligence) and blockchain startups.

Zeroth is one of the world’s first AI accelerators focused on frontier technologies like AI and machine learning.

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Fri, 07 Dec 2018 12:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210729/animoca-brands-enters-trading-halt-ahead-of-potential-capital-raising-210729.html
<![CDATA[News - Animoca Brands board members acquire company shares ]]> https://www.proactiveinvestors.com.au/companies/news/209791/animoca-brands-board-members-acquire-company-shares-209791.html Animoca Brands Corporation Ltd (ASX:AB1) chairman Yat Siu and director Holly Liu have acquired $320,000 worth of shares as part of the July 2018 placement.

Siu acquired 6 million shares in the placement increasing his overall holding to over 62 million shares and Lui acquired her first 400,000 shares in the company since joining this year.

Lui, who is a leading entrepreneur was appointed non-executive director and strategic advisor to the board in June 2018.

Shareholder approval for the issue of shares to Siu and Liu was recently received at the company's shareholder meeting on 9 November 2018.

READ: Animoca Brands increases revenue amid key acquisitions

READ: Animoca Brands appoints Gen Kanai as director of strategic partnerships

Earlier this week Animoca made a board appointment and also entered into a strategic partnership with artificial intelligence incubator DEEPCORE.

DEEPCORE is owned by global technology player SoftBank Group Corp. (TYO:9984).

Animoca entered the partnership via its wholly owned subsidiary Zeroth, which is recently acquired boosting its exposure to industry-leading AI and blockchain startups.

Zeroth is one of the world’s first AI accelerators focused on frontier technologies like AI and machine learning.

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Fri, 23 Nov 2018 09:38:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209791/animoca-brands-board-members-acquire-company-shares-209791.html
<![CDATA[News - Animoca Brands appoints Gen Kanai as director of strategic partnerships ]]> https://www.proactiveinvestors.com.au/companies/news/209630/animoca-brands-appoints-gen-kanai-as-director-of-strategic-partnerships-209630.html Animoca Brands Corporation Ltd (ASX:AB1) has appointed Gen Kanai, former director of Asia community engagement at Mozilla, as director of strategic partnerships.

Kanai will help advance Animoca’s blockchain strategy and will utilise his contacts and background to develop the company’s business and interests in Japan, including for Animoca’s AI accelerator Zeroth.

Zeroth, a 100%-owned Animoca subsidiary, recently formed a partnership with DEEPCORE, the wholly-owned subsidiary of Tokyo-based Softbank Group Corp (TYO:9984).

Zeroth and DEEPCORE will collaborate to share deal flow, expertise and information for technology investments in Asian markets, bring their respective communities together, and back the growth of the AI founder community over the next few years.

 

Kanai brings to Animoca substantial experience in starting and building user and developer communities, as well as developing and managing corporate partnerships in the mobile segment.

He also has extensive international experience in software and mobile industry business development, having been responsible for launching Toyota’s US e-commerce strategy and building internet services for Sony’s digital imaging products.

READ: Animoca Brands partners with Tokyo-listed Softbank Group company

In his 10-year career at Mozilla, Kanai grew the organisation’s presence in Japan, China, Southeast and South Asia.

He was responsible for search engine partnerships and marketing for Japan and worked with mobile networks to launch the Firefox operating system phone in Asia.

Networks with which Kanai has worked with include KDDI, Telenor and Grameenphone, T-Mobile, Telefonica, as well as handset manufacturers such as Alcatel, Spice, Intex, Symphony and Cherry Mobile.

READ: Animoca Brands participates in Series A financing for CryptoKitties developer

Kanai is also a mentor for the venture capital firm 500 Startups and also for Chinaccelerator, a mentorship-driven program operated by multi-stage venture capital investor SOSV.

As a mentor, Kanai leverages his experience to assist start-ups to accelerate their business in Asia, particularly in Japan, and helps them navigate the differences between Asian and Western markets.

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Tue, 20 Nov 2018 20:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209630/animoca-brands-appoints-gen-kanai-as-director-of-strategic-partnerships-209630.html
<![CDATA[News - Animoca Brands partners with Tokyo-listed SoftBank Group company ]]> https://www.proactiveinvestors.com.au/companies/news/209411/animoca-brands-partners-with-tokyo-listed-softbank-group-company-209411.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into a strategic partnership with artificial intelligence incubator DEEPCORE, owned by global technology player SoftBank Group Corp. (TYO:9984).

Animoca entered the partnership via its wholly owned subsidiary Zeroth, which it recently acquired boosting its exposure to industry-leading AI (artificial intelligence) and blockchain startups.

Zeroth is one of the world’s first AI accelerators focused on frontier technologies like AI and machine learning.

READ: Animoca Brands increases revenue amid key acquisitions

SoftBank owned DEEPCORE Inc. is focused on advancing AI and unleashing the potential of technology visionaries.

As part of the partnership, Zeroth and DEEPCORE will collaborate to share deal flow, expertise and information for technology investments in Asian markets, bring their respective communities together, and back the growth of the AI founder community over the next few years.

DEEPCORE operates the AI-focused incubation community “KERNEL HONGO” for AI engineers and researchers in Tokyo.

It also operates a venture capital (VC) fund, which invests in seed and early-stage AI startups.

READ: Animoca Brands participates in Series A financing for CryptoKitties developer

Animoca recently participated in a Series A financing into Dapper Labs Inc., the company behind the world's first and most successful consumer blockchain product, CryptoKitties.

The round, totalling US$15 million, was led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT, among others.

Animoca Brands is the exclusive mobile distributor of CryptoKitties in Greater China and receives a share of revenue generated in the region.

Additionally, the company negotiated a license for multinational consumer electronics company HTC to publish and promote CryptoKitties on HTC phones, including HTC’s U12+ flagship mobile device.

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Mon, 19 Nov 2018 12:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209411/animoca-brands-partners-with-tokyo-listed-softbank-group-company-209411.html
<![CDATA[News - Animoca Brands participates in Series A financing for CryptoKitties developer ]]> https://www.proactiveinvestors.com.au/companies/news/208371/animoca-brands-participates-in-series-a-financing-for-cryptokitties-developer-208371.html Animoca Brands Corporation Ltd (ASX:AB1) has participated in a Series A financing into Dapper Labs Inc., the company behind the world's first and most successful consumer blockchain product, CryptoKitties.

The round, totalling US$15 million, was led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT, among others.

The amount invested by Animoca was not material. To date, Dapper Labs has raised a total of US$27.85 million.

READ: Animoca Brands increases revenue amid key acquisitions

CryptoKitties is the world’s most used consumer blockchain application, outside of exchanges, with 3.2 million transactions and tens of millions of dollars transacted on the platform.

The game launched in late 2017 to showcase the potential of blockchain beyond cryptocurrencies: by focusing on games and entertainment, CryptoKitties helped to introduce mainstream users to blockchain products and technology.

Animoca Brands is the exclusive mobile distributor of CryptoKitties in Greater China and receives a share of revenue generated in the region.

Additionally, the company negotiated a license for multinational consumer electronics company HTC to publish and promote CryptoKitties on HTC phones, including HTC’s U12+ flagship mobile device.

READ: Animoca Brands signs multiple deals to launch blockchain products for mass consumer markets

Animoca co-founder and chairman Yat Siu said: “We’re very pleased to see strong support for our strategic partner Dapper Labs, and we are humbled to be included among such esteemed investors.

“CryptoKitties is a pioneer in blockchain games, and represents an important step toward our vision of widely used cross-platform non-fungible tokens.”

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Fri, 02 Nov 2018 12:23:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208371/animoca-brands-participates-in-series-a-financing-for-cryptokitties-developer-208371.html
<![CDATA[Media files - Animoca boosts revenue, acquires game developers ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11074/animoca-boosts-revenue-acquires-game-developers-11074.html Thu, 01 Nov 2018 15:53:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11074/animoca-boosts-revenue-acquires-game-developers-11074.html <![CDATA[News - Animoca Brands increases revenue amid key acquisitions ]]> https://www.proactiveinvestors.com.au/companies/news/208286/animoca-brands-increases-revenue-amid-key-acquisitions-208286.html Animoca Brands Corporation Ltd (ASX:AB1) is continuing to acquire games developers across the globe as it advances partnerships with gaming companies in the blockchain space.

The company has paid for some of its acquisitions with shares as sellers hang their hats on Animoca’s success in the blockchain gaming space.

Animoca has also swapped shares for tokens with some partners.

READ: Animoca Brands’ Crazy Kings app to hit Chinese Android handsets, web

Animoca gained value today after reporting an unaudited $2.97 million, or 283%, increase in revenue to $4.6 million in the September quarter.

The company’s share price climbed during intraday trading as shareholders absorbed news of a third consecutive quarter of positive cash flows from the company.

Animoca’s September quarter report revealed its cash receipts were up $5.7 million, or 73%, to $12.9 million in the September 2018 quarter, when compared to the September 2017 quarter.

Calendar-year revenues were up $5.7 million, or 79%, to $12.6 million, when compared to the corresponding nine-month period in 2017.

The company’s 2018 cash-receipts-so-far were up $3.5 million, or 65%, to $8.9 million when compared to the January-September 2017 period.

 

Animoca collected $6 million with two oversubscribed placements to strategic investors during the quarter, with directors Yat Siu and Holly Liu, strategic advisor Wilhelm Taht, leading Hong Kong conglomerate Sun Hung Kai, and blockchain partners such as Lympo all tipping in.

The company said the September quarter had been “one of both strong financial performance and strategic importance as the company positions itself as a leader in the fields of artificial intelligence and blockchain gaming.”

Among the games Animoca has contributed to the global app-gaming marketplace are its most popular game Crazy Defense Heroes and its prequel the tower defence collectible card fantasy game Crazy Kings.

The company ended the quarter with $5.6 million in cash and cash equivalents, making its total net cash inflow from operating activities for the quarter a positive figure.

Acquisitions

In the September quarter, the company agreed to buy independent mobile game company Pixowl, Inc for $US4.875 million, with 90% of the transaction being in shares and the remaining 10% in cash.

The shares are to be locked up for 24 months, with the acquisition bringing games for a number of licensed characters into the fold, including The Sandbox, Peanuts: Snoopy’s Town Tale, Garfield: Survival of the Fattest, and Goosebumps HorrorTown.

A separate $1.5 million earn-in agreement will allow Animoca to grab a majority stake in Zeroth SPC operating company Venture Classic Limited.

Sixty-seven per cent or $1 million of the earn-in is in cash, while the remaining $500,000 is in cash.

READ: Animoca Brands signs multiple deals to launch blockchain products for mass consumer markets

The company’s interim financial statements for the June 2018 half-year, published on August 31, 2018, revealed it owned 100% of its British Virgin Islands-headquartered Animoca Brands Corporation, 100% of Hong Kong-incorporated Animoca Brands Ltd, and three wholly-owned Finish subsidiaries.

The Finland subsidiaries are TicBits Oy, Tribeflame Oy and Benji Bananas Oy.

Indie studio Tribeflame owned the Benji Bananas game and other casual games, while TicBits launched Animoca’s best success, Crazy Kings which grabbed $2.6 million sales in its debut quarter, the January quarter.

The company’s second June half acquisition was of 60% stakes in Canadian incorporated game makers Fuel Powered Inc and Grantoo Inc.

Fuel Powered, a US developer of blockchain-based gaming services and provider of a cloud features-as-a-service platform that uses AI and machine learning to maximise bottom-line results for game publishers.

Revenue sources

Animoca’s core business of gaming underpinned its quarterly results.

The company reported: “The major contributor to revenue during the quarter was the continued strong performance of the core gaming business, including branded games like those featuring Garfield, Doraemon, and various Mattel brands, as well as in-house franchises like Crazy Kings and Crazy Defense Heroes.

“In addition, Q3 2018 saw revenue contributions from blockchain gaming from CryptoKitties, published by the company in Greater China, as well as 100 Squats Challenge, also published by the company and developed by the company’s OliveX health and fitness subsidiary.”

Animoca decreased its cash flow for operating, making its total net cash inflow from operations a positive figure.

The company said: “Expenses during the quarter chiefly comprised operating and marketing expenditures related to the development and publishing of mobile games.

“The resulting cash outflow for operations was $2.9m, representing a decrease of 9% over the same period in 2017, and a decrease of 12% over the previous quarter.”

Blockchain partnerships

Animoca reported it increased its involvement in blockchain gaming in the September quarter, as it pursued partnerships with OpenST, Decentraland, Datum, LikeCoin, Musicoin, Harmony, I-House, Mind Fund, and Helix.

The Australian-listed company said: “The company is pursuing a strategy to cement leadership in the blockchain space by building its network of technology and brand partners, driving blockchain adoption and development, enhancing the value and utility of existing digital tokens, and accelerating the progress toward the future of blockchain gaming: mass consumer markets.”

Earlier this month the company mutually invested in six blockchain-focused developers and companies – Datum, LikeCoin, Musicoin, OST, Harmony and I-House – engaging in a US$1 million share-and-token swap that values Animoca shares at 10 cents each.

READ: Animoca Brands partners with tech developer to produce blockchain-powered games

Animoca explained how blockchain partners increased its shareholder value – through direct revenues and the increased value of the partners’ tokens that come from their collaboration with Animoca.

As the tokens increase in value, so too does the value of Animoca’s token holdings in the partner companies.

The company said its upcoming WalletPet gamified wallet mobile app would be compatible with its partners’ tokens “reinforcing the benefits of collaboration with the company and integration with its products.”

Outlook

The company said it was “well-positioned to capitalise on the investments in Zeroth and Pixowl as well as its strategic blockchain partnerships” after raising $6 million from strategic investments and ending the September quarter with $5.65 million cash and cash equivalents.

The company’s share price was 0.7 cents, or 4%, up to 7.8 cents by 3.59pm after reaching an 8.5-cent high earlier in the day.

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Thu, 01 Nov 2018 01:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208286/animoca-brands-increases-revenue-amid-key-acquisitions-208286.html
<![CDATA[News - Animoca Brands’ Crazy Kings app to hit Chinese Android handsets, web ]]> https://www.proactiveinvestors.com.au/companies/news/207897/animoca-brands-crazy-kings-app-to-hit-chinese-android-handsets-web-207897.html Animoca Brands Corporation Ltd (ASX:AB1) has finalised its previously announced publishing agreement with Beijing Bosi Interactive (BBI) that will put its Crazy Kings mobile game into the Chinese market.

The licence attracts an RMB 5.1 million (A$1 million) fee payment that allows BBI to develop, publish and distribute the game in China on the Android operating system and the web using the game’s HTML5 version.

READ: Animoca Brands signs multiple deals to launch blockchain products for mass consumer markets

Animoca will also share in net revenues from the game with monthly payments from mobile games distribution and marketing company BBI.

The company expects to partially-fund future game development of the adventure game Crazy Kings for the Android and HTML5 platform, which Animoca can then publish in markets outside China.

The three-year deal for is for the China, Hong Kong and Macau markets and was announced in late July 2018.

It will be automatically renewed for another year unless either party terminates with 30 days notice.

READ: Animoca Brands signs licensing deal to distribute Crazy Kings game in China

BBI has licensing arrangements with the main three Chinese telecommunication companies — China Mobile, China Unicom and China Telecom.

The telcos have about 1.5 billion consumers on mobile and fixed line carriers.

Mobile app Crazy Kings is a tower defence and collectible card fantasy mobile game launched as the prequel to the company’s most commercially successful launch of 2018, Crazy Defense Heroes.

Animoca has published Crazy Kings across the world on Apple iTunes stores for use on iOS devices.

The Android and HTML5 versions of the game are expected to be finished by the middle of next calendar year.

 

Animoca uses gamification, blockchain, and artificial intelligence technologies to develop and publish mobile products.

These products include games such as The Sandbox and products based on licensed intellectual properties such as cartoon characters Garfield and Thomas & Friends, Mattel fashion doll franchise Ever After High and Japanese manga series Doraemon.

In China the Hong Kong, Canada and Finland-based company is the exclusive distributor of Axiom Zen-developed blockchain-based virtual cat-trading game CryptoKitties.

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Thu, 25 Oct 2018 22:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207897/animoca-brands-crazy-kings-app-to-hit-chinese-android-handsets-web-207897.html
<![CDATA[News - Animoca Brands signs multiple deals to launch blockchain products for mass consumer markets ]]> https://www.proactiveinvestors.com.au/companies/news/207032/animoca-brands-signs-multiple-deals-to-launch-blockchain-products-for-mass-consumer-markets-207032.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into a series of mutual investment agreements with blockchain companies to advance the introduction of blockchain products to mass consumer markets.

The company is partnering with six leading developer in the blockchain and digital token space - Datum, LikeCoin, Musicoin, OST, Harmony, and I-House.

Animoca is entering into a US$1 million mutual investment agreement with each of the six partners, whereby the company will invest its shares in exchange for the equivalent value in the form of each partner’s tokens.

Strategic rationale

Animoca’s blockchain projects will be accelerated by the access to the technologies, products, expertise, and networks gained by partnering with the parties.

The company is pursuing a strategy to cement leadership in the blockchain space by building its network of technology and brand partners, driving blockchain adoption and development, enhancing the value and utility of existing digital tokens, and accelerating the progress toward the future of blockchain gaming: mass consumer markets.

READ: Animoca Brands partners with tech developer to produce blockchain-powered games

Animoca expects that the strategic partnerships announced today, combined with its expertise in gaming, artificial intelligence, blockchain, software development, publishing, and branded IP collaboration, will increase the value of the parties’ tokens and thereby ultimately increase Animoca’s shareholder value.

Agreements with Mind Fund and Helix

Animoca has also entered into a memorandum of understanding (MOU) with Mind Fund Group Ltd, a Hong Kong-based leading venture capital company and Helix, an accelerator launched by Mind Fund and Hedera Hashgraph.

Hedera Hashgraph recently raised US$120 million and provides distributed ledger technology that offers high transactions per second needed to scale blockchain networks and applications.

Under the MOU, Mind Fund has agreed to subscribe (directly or via an affiliate) for US$1 million worth of Animoca shares, priced at 10 cents each.

Furthermore, Helix has agreed to invest a minimum of US$100,000 in the upcoming token sale for the blockchain version of The Sandbox, on the condition that the game offers compatibility with Hedera Hashgraph.

READ: Animoca Brands acquires Sandbox game developer Pixowl to drive blockchain technology

The Sandbox is developed by Pixowl, a company recently acquired by Animoca Brands.

Animoca co-founder and chairman Yat Siu said: “One of the biggest challenges facing blockchain networks is the current limit in transaction volume and latency.

“Hedera Hashgraph's performance tests show throughput of 50,000 transactions per second, and up to ten times that number under certain conditions.

“Partnering with Helix and Mind Fund will significantly help Animoca Brands to scale our blockchain products, allowing us to create a new generation of distributed games and applications that will have powerful consumer appeal.”

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Mon, 15 Oct 2018 13:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207032/animoca-brands-signs-multiple-deals-to-launch-blockchain-products-for-mass-consumer-markets-207032.html
<![CDATA[Media files - Animoca Brands signs multiple blockchain agreements, aims to be ‘leader in blockchain’ ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10845/animoca-brands-signs-multiple-blockchain-agreements-aims-to-be-leader-in-blockchain-10845.html Mon, 15 Oct 2018 00:24:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10845/animoca-brands-signs-multiple-blockchain-agreements-aims-to-be-leader-in-blockchain-10845.html <![CDATA[News - Animoca Brands partners with tech developer to produce blockchain-powered games ]]> https://www.proactiveinvestors.com.au/companies/news/205283/animoca-brands-partners-with-tech-developer-to-produce-blockchain-powered-games-205283.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into a strategic partnership with OpenST Limited (OST) to develop blockchain-powered games by leveraging OST’s blockchain infrastructure and services.

Under the agreement, Animoca will develop new products utilising OST technology and will integrate it into some of the company’s existing and upcoming products, including the gamified cryptowallet WalletPet.

Animoca will also serve as an advisor to OST, assisting it to bridge the gap between blockchain and mainstream consumer applications.

 

Animoca co-founder and director Yat Siu said the company was building a powerful strategic foundation for long-term blockchain development.

“By partnering with OST, Animoca Brands … is securing a savvy partner who has already produced a high-demand utility token and an innovative tokenisation platform.

“We look forward to collaborating to bridge the gap between blockchain technology and mainstream consumer applications as we bring decentralised apps (DApps) into the mainstream, to the hundreds of millions of users who have yet to experience the impact of blockchain directly.”

READ: Animoca Brands acquires sandbox game developer Pixowl to drive blockchain technology

OpenST Limited is a non-profit company with a mandate to support the OpenST Protocol and advance the OpenST developer ecosystem.

The company raised 46,828 ether through a token sale of its Simple Token in November 2017.

It has also received backing from prominent investors including Tencent Holdings Ltd, 500 Startups and Greycroft.

The OpenST Protocol is a framework for building highly-scalable blockchain token economies, allowing businesses to easily launch and integrate branded tokens into their apps and platforms to transform their communities into dynamic ecosystems.  

READ: Animoca Brands named of the world’s 50 best mobile game developers

OST co-founder and OpenSt director Chris Dark said: “As a blockchain enthusiast and also a long-time gamer, I am excited to work with the Animoca Brands team.

“In traditional games, players could earn points but had limited options in terms of spending or selling them.

“With blockchain tokens, such constraints disappear and there are countless possibilities to explore.

“OST has already built many of the blockchain tools that gaming developers need, so there are strong synergies with Animoca Brands’ expertise in gaming, blockchain and artificial intelligence.”

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Thu, 20 Sep 2018 00:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205283/animoca-brands-partners-with-tech-developer-to-produce-blockchain-powered-games-205283.html
<![CDATA[News - Animoca Brands acquires Sandbox game developer Pixowl to drive blockchain technology ]]> https://www.proactiveinvestors.com.au/companies/news/203615/animoca-brands-acquires-sandbox-game-developer-pixowl-to-drive-blockchain-technology-203615.html Animoca Brands Corporation Ltd (ASX:AB1) has entered into an agreement to acquire independent mobile game company Pixowl, Inc for a total upfront consideration of about $6.65 million.

About $709,133 will be paid in cash and the remaining will be paid via the issue of Animoca shares at 7.9 cents each.

Pixowl is headquartered in San Francisco, USA, with development studios in Buenos Aires, Argentina.

The gaming company is focused on developing and publishing world builder games, the largest of which is the original intellectual property The Sandbox.

READ: Animoca Brands named one of world’s 50 best mobile game developers

The Sandbox is among the world’s largest independent user-generated content platforms and gaming ecosystems, with 40 million downloads and over one million monthly active users.

Pixowl generated about $2.46 million in revenue in the first half of 2018.

The company is currently developing a blockchain version of The Sandbox and will leverage the capabilities of Animoca Brands and partners like HTC and Dapper Labs (CryptoKitties).

Pixowl is also planning to launch the world’s first marketplace for user-generated non-fungible tokens (NFTs), where players will trade game assets.

READ: Animoca Brands secures investment from renowned Asian financial powerhouse

Animoca Brands co-founder and director Yat Siu said: “Our acquisition of Pixowl provides powerful strategic and operational synergies with Animoca Brands.

“Pixowl’s experienced developers will significantly increase our development capabilities.

“Pixowl shares our vision of blockchain gaming, NFT's, and games as a platform. Like us, it has a number of world-renowned brand licenses, including Snoopy and Goosebumps.

“We look forward to utilising the many opportunities for growth conferred by this acquisition.”

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Mon, 27 Aug 2018 14:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203615/animoca-brands-acquires-sandbox-game-developer-pixowl-to-drive-blockchain-technology-203615.html
<![CDATA[News - Animoca Brands named one of world’s 50 best mobile game developers ]]> https://www.proactiveinvestors.com.au/companies/news/203528/animoca-brands-named-one-of-worlds-50-best-mobile-game-developers-203528.html Animoca Brands Corporation Ltd (ASX:AB1) has been ranked #47 in PocketGamer.biz’s Top 50 Developers list of 2018.

PocketGamer.biz, published by UK-based Steel Media, is a leading B2B mobile games portal covering developments in the game industry, publishing industry reports and organising industry events.

The Top 50 Developer list was announced at a gala event on August 21, 2018 in Cologne, Germany, where leading figures in the mobile game industry gathered at the Hyatt Regency Hotel.

READ: Animoca Brands secures investment from renowned Asian financial powerhouse

Inclusion in the List was determined by experts at PocketGamer.biz and external advisors, based on a combination of factors including the most exciting games, genuine innovation, revenue, influence, potential, company growth this year, and other criteria.

Animoca founder and director Yat Siu said: “We are immensely proud that PocketGamer has named Animoca Brands one of the world’s top mobile game companies.

“This recognition from the game industry will help us to advance our innovative strategy to leverage gamification, blockchain, and artificial intelligence as we continue to forge new paths in mobile development.”

 

The company recently secured $1.5 million in investments from Sun Hung Kai & Co. Limited and blockchain fitness company Lympo, which is a current strategic partner.

Animoca will utilise the capital raised to research and develop novel products based on blockchain and artificial intelligence.

Blockchain is a technology for open and distributed ledgers that record transactions safely and permanently, and which is undergoing significant development and adoption.

The global blockchain technology market totalled $0.9 billion in 2017 and is estimated to reach $14.6 billion by 2023.

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Fri, 24 Aug 2018 12:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203528/animoca-brands-named-one-of-worlds-50-best-mobile-game-developers-203528.html
<![CDATA[News - Animoca Brands secures investment from renowned Asian financial powerhouse ]]> https://www.proactiveinvestors.com.au/companies/news/202919/animoca-brands-secures-investment-from-renowned-asian-financial-powerhouse-202919.html Animoca Brands Corporation Ltd (ASX:AB1) has secured $1.5 million in investments from Sun Hung Kai & Co. Limited and blockchain fitness company Lympo, which is a current strategic partner.

The placement was conducted at 7 cents per share, which represents a 10% premium on the 30-day volume-weighted average share price.

Animoca will utilise the capital raised to research and develop novel products based on blockchain and artificial intelligence.

 

Animoca co-founder and director Yat Siu said: “It is a singular honour that Sun Hung Kai, one of Asia’s most renowned financial powerhouses, chose Animoca Brands as its partner and strategic investee.

“Sun Hung Kai’s know-how and established network have the potential to significantly accelerate business opportunities for Animoca Brands.”

READ: Animoca Brands signs licensing deal to distribute Crazy Kings game in China

Siu added: “The existing collaboration between Lympo and our health and fitness subsidiary OliveX is progressing well.

“Today we are extremely pleased to see this relationship further solidified by Lympo’s strategic investment in Animoca Brands.

“As a leader in blockchain for sports and health, Lympo provides us with highly focused growth opportunities.”

READ: Animoca Brands appoints Kabam co-founder to board

Blockchain is a technology for open and distributed ledgers that record transactions safely and permanently, and which is undergoing significant development and adoption.

The global blockchain technology market totalled $0.9 billion in 2017 and is estimated to reach $14.6 billion by 2023.

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Wed, 15 Aug 2018 15:59:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202919/animoca-brands-secures-investment-from-renowned-asian-financial-powerhouse-202919.html
<![CDATA[Media files - Animoca Brands 'wants to onboard next billion people to blockchain through games' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10096/animoca-brands-wants-to-onboard-next-billion-people-to-blockchain-through-games--10096.html Wed, 15 Aug 2018 12:23:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10096/animoca-brands-wants-to-onboard-next-billion-people-to-blockchain-through-games--10096.html <![CDATA[News - Animoca Brands signs licensing deal to distribute Crazy Kings game in China ]]> https://www.proactiveinvestors.com.au/companies/news/201723/animoca-brands-signs-licensing-deal-to-distribute-crazy-kings-game-in-china-201723.html Animoca Brands Ltd (ASX:AB1) has signed an exclusive licensing agreement with Beijing Bosi Interactive (BBI), granting it the licence to distribute the Android and HTML5 versions of Animoca’s Crazy Kings mobile game in China.

The agreement enables Animoca to earn a share of monthly revenue generated by the game as well as an upfront payment of around $1 million.

READ: Animoca Brands appoints Kabam co-founder to board

BBI is a mobile games distribution and marketing company that has established relationships and the required licensing arrangements with the main three Chinese telecommunication companies - China Mobile, China Unicom and China Telecom.

These companies serve 1.5 billion consumers on mobile and fixed line carriers.

BBI will become the exclusive distributor in China for the game, excluding the territories of Hong Kong and Macau.

Animoca expects the upfront payment to be received in the current quarter.

READ: Animoca Brands launches casino resort simulation mobile game globally

Crazy Kings is a tower defence and collectible card fantasy mobile game developed by TicBits Oy, Animoca’s Finnish mobile games subsidiary.

The game is already published globally for Apple iOS devices and the Android and HTML5 versions are expected to be complete in or around the middle of 2019.

Development of the Android version of Crazy Kings’ sequel, Crazy Defense Heroes, is progressing on schedule and will be completed towards the end of the quarter.

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Fri, 27 Jul 2018 03:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201723/animoca-brands-signs-licensing-deal-to-distribute-crazy-kings-game-in-china-201723.html
<![CDATA[News - Animoca Brands appoints Kabam co-founder to board ]]> https://www.proactiveinvestors.com.au/companies/news/199542/animoca-brands-appoints-kabam-co-founder-to-board-199542.html Animoca Brands Corporation Ltd (ASX:AB1) has appointed experienced and successful entrepreneur Holly Liu as a non-executive director and strategic advisor to the board.

As a co-founder of venture-backed mobile gaming company Kabam, Liu has been recognised for her entrepreneurial capacity by Fortune and Forbes magazines.

Leading revenue growth

At Kabam, Liu was instrumental in growing annual revenue from zero to US$400 million and led the design of the award-winning Kingdoms of Camelot franchise, which grossed over $250 million in four years.

She was also founding mobile designer for the game extension Battle for the North, which made Kingdoms of Camelot the highest grossing app for iPhone and iPad in 2012.

Holly Liu.

In January 2017, the majority of Kabam’s assets were acquired by South Korea’s Netmarble for around $1 billion.

In the same year, two of Kabam’s remaining studios formed Aftershock, which was subsequently acquired by FoxNext for an undisclosed amount.

Great potential in blockchain gaming

Following her exit from Kabam and Aftershock, Liu worked as a visiting partner at Y Combinator, an accelerator providing seed funding to nearly 2,000 start-ups with a combined value of over US$80 billion.

Animoca Brands’ co-founder and director Yat Siu said: “We are very excited to have attracted someone of Holly’s calibre to the board of Animoca Brands.”

“Holly has co-founded, led and exited a billion dollar company and her advice and guidance will be essential as we drive growth in new areas of focus like blockchain gaming and AI.”

READ: Animoca Brands Corporation launches casino resort simulation mobile game globally

Liu said she was delighted to be joining the board of Animoca Brands and privileged to be advising a company at the forefront of blockchain and AI in mobile gaming.

“I look forward to help the company grow and drive value for shareholders as we leverage these exciting technologies,” she said.

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Tue, 26 Jun 2018 14:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199542/animoca-brands-appoints-kabam-co-founder-to-board-199542.html
<![CDATA[News - Animoca Brands Corporation launches casino resort simulation mobile game globally ]]> https://www.proactiveinvestors.com.au/companies/news/192570/animoca-brands-corporation-launches-casino-resort-simulation-mobile-game-globally-192570.html Animoca Brands Corporation Ltd (ASX:AB1) has launched the Tokyo Casino Project social casino resort simulation mobile game worldwide, excluding Japan, China, and South Korea.

Tokyo Casino Project is a mobile multi-player game that invites players to play social casino games and build a resort.

Players can spend real money in the app but cannot place bets using real currency.

Instead, Tokyo Casino Project taps into the high demand for virtual social gaming.

READ: Animoca Brands one of the ASX top performers in 2018

The launch is the result of a publishing agreement with leading Japanese game developer and publisher COLOPL Inc (JP:3668).

Tokyo Casino Project is available on the App Store and Google Play, is free to play and offers in-app purchases.

COLOPL partnered with Animoca Brands to access the company’s publishing network in the Asia Pacific, Europe, the Middle East and the Americas as well as its localisation expertise.

It has done so to increase the number of users of the game worldwide.

READ: Animoca Brands adds Finnish company to growing games portfolio

A publishing agreement grants Animoca Brands the right to publish Tokyo Casino Project worldwide, excluding the original launch territory of Japan where the game is published by COLOPL.

Animoca Brands will pay COLOPL royalties based on revenue generated by the game.

The company has invested in software development focused on localisation of the game to suit global markets and has been working on executing the publishing and distribution strategy.

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Mon, 05 Mar 2018 13:06:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192570/animoca-brands-corporation-launches-casino-resort-simulation-mobile-game-globally-192570.html
<![CDATA[News - Animoca Brands adds Finnish company to growing games portfolio ]]> https://www.proactiveinvestors.com.au/companies/news/191264/animoca-brands-adds-finnish-company-to-growing-games-portfolio-191264.html Animoca Brands Corporation Ltd (ASX:AB1) continues to grow its mobile games business and is acquiring Finland-based Tribeflame Oy and its subsidiary Benji Bananas Oy.

Tribeflame is one of the world’s first tablet games companies, founded in 2009 in Finland by Torulf Jernström and Marcus Alanen, who will be joining Animoca Brands.

The Finnish company has launched more than a dozen games, including the franchise Benji Bananas, which has been downloaded more than 107 million times.

READ: Animoca Brands one of the ASX top performers in 2018

Three of the Tribeflame’s games have topped charts on Google Play™ and the App Store®.

Animoca shares were up almost 25% to $0.077 in early trade.

MasterChef game application

The acquisition follows Animoca Brands last week entering an agreement with two other companies to co-develop a mobile game application based on the MasterChef TV franchise.

iCandy Interactive Limited (ASX:ICI) and Nitro Interactive Ltd will also co-invest with Animoca in the MasterChef global iOS and Android mobile game application.

Full ownership of Tribeflame games

The Tribeflame acquisition gives Animoca full ownership of all Tribeflame and

Benji Bananas mobile applications and games.

These include Racecar, Tropical Resort, Benji Bananas, Benji Bananas Adventures, Waypoint Warriors, and many others.

Benji Bananas, which was originally published by FingerSoft, has earned an estimated €2.25 million in gross revenues since its launch in 2013.

Second Finnish acquisition

It is the second Finnish game company acquired by Animoca, following the purchase of TicBits Oy in July 2016.

Tribeflame, also based in Turku, Finland, will co-locate with TicBits with the aim to enhance the company’s development capability in Finland.

The acquisition is expected to accelerate development of Anomica’s Android™ version of Crazy Defense Heroes, its latest tower defense and collectible card mobile title.

More than A$467,000 in revenue was generated by the title in its first two weeks of limited release on the App Store in select Asian territories.

CryptoKitties agreement

The company also recently signed an exclusive licence and distribution agreement with Axiom Zen to publish CryptoKitties in China.

CryptoKitties is the first major video game based on blockchain, the underlying technology of cryptocurrencies like BitCoin and Ethereum.

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Wed, 07 Feb 2018 14:08:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191264/animoca-brands-adds-finnish-company-to-growing-games-portfolio-191264.html
<![CDATA[News - Animoca Brands one of the ASX top performers in 2018 ]]> https://www.proactiveinvestors.com.au/companies/news/190721/animoca-brands-one-of-the-asx-top-performers-in-2018-190721.html Animoca Brands Corporation Ltd (ASX:AB1) is one of the ASX top performers in 2018, having traded at up to 11 times its price at the end of 2017.

The strength of the shares comes on the back of the growing popularity of mobile games and subscription products.

Animoca has also had a strong news flow this year relating to its existing games portfolio, an acquisition, new distribution agreement and placement.

Company has reached a high of $0.12

The company reached $0.09 today on strong volume of circa 54 million shares, down from a 12-month high of $0.12 reached on 25 January.

Animoca’s recently launched iOS mobile game Crazy Defense Heroes has generated a revenue of over $267,000 in its second week. The game was downloaded about 142,000 times in the same period.

It plans to launch the game in the rest of the world later in the year.

Based on the early success on iPhone and iPad, Animoca Brands has begun development of a version for Android devices.

CryptoKitties distribution agreement

The company has also signed an exclusive licence and distribution agreement with Axiom Zen to publish CryptoKitties in China.

CryptoKitties is the first major video game based on blockchain, the underlying technology of cryptocurrencies like BitCoin and Ethereum.

The game allows players to adopt, raise, and trade virtual cats, and represents one of the earliest attempts to deploy blockchain technology for recreational purposes.

READ: Animoca Brands bags $3.25 million, enters blockchain gaming market

Animoca has raised circa $3.25 million via a placement and will use the funds to finance its acquisition of 60% of Fuel Powered, Inc. for an upfront cash consideration of $752,263.

Fuel Powered is a U.S.-based developer of blockchain based gaming services and provider of a cloud based artificial intelligence and machine learning features-as-a-service platform for game publishers.

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Mon, 29 Jan 2018 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190721/animoca-brands-one-of-the-asx-top-performers-in-2018-190721.html
<![CDATA[News - Animoca Brands bags $3.25 million, enters blockchain gaming market ]]> https://www.proactiveinvestors.com.au/companies/news/190591/animoca-brands-bags-325-million-enters-blockchain-gaming-market-190591.html Animoca Brands Corporation Ltd’s (ASX:AB1) shares are trading circa 41% higher intra-day at $0.099 after raising circa $3.25 million via the placement of shares at $0.06 each to sophisticated investors.

The company is acquiring 60% of Fuel Powered, Inc. from Lion Games Limited for an upfront cash consideration of $752,263.

Fuel Powered is a U.S.-based developer of blockchain based gaming services and provider of a cloud based artificial intelligence and machine learning features-as-a-service platform for game publishers.

Clients of Fuel Powered include SEGA Publishing Europe Limited and Axiom Zen, the publisher of CryptoKitties.

Agreement with Axiom Zen to publish CryptoKitties in China

Animoca Brands has signed an exclusive licence and distribution agreement with Axiom Zen to publish CryptoKitties in China.

CryptoKitties is the first major video game based on blockchain, the underlying technology of cryptocurrencies like BitCoin and Ethereum.

CryptoKitties allow players to adopt, raise, and trade virtual cats, and it represents one of the earliest attempts to deploy blockchain technology for recreational purposes.

Based on the limited number of cats going into circulation, the main goal of the game is to collect and exchange cats.

The total value of transactions of CryptoKitties trade was about US$20 million in its first month.

Crazy Defense Heroes generates over $267,000 in second week

Animoca’s recently launched iOS mobile game Crazy Defense Heroes has generated a revenue of over $267,000 in its second week. The game was downloaded about 142,000 times in the same period.

In its first week, Crazy Defense Heroes generated over $202,000 in revenue and was downloaded about 260,000 times.

Animoca plans to launch Crazy Defense Heroes in the rest of the world later in the year.

Based on the game’s early success on iPhone and iPad, Animoca Brands has begun development of a version for Android devices.

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Thu, 25 Jan 2018 14:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190591/animoca-brands-bags-325-million-enters-blockchain-gaming-market-190591.html
<![CDATA[News - Animoca Brands Corporation renews Garfield license to drive app growth ]]> https://www.proactiveinvestors.com.au/companies/news/174418/animoca-brands-corporation-renews-garfield-license-to-drive-app-growth-174418.html Animoca Brands Corporation (ASX:AB1) has signed a further six year licensing agreement with Paws, Inc for the popular brand and character Garfield.

Animoca publishes a broad portfolio of mobile games and e-books, including several games based on popular intellectual properties such as Thomas & Friends, Astro Boy, and Doraemon.

Garfield is one of the best performing brands in the company’s portfolio, having achieved a total of 65 million downloads across several mobile apps.

Since the beginning of the partnership in 2011, Animoca Brands and Paws have released a total of 60 apps based on the popular character.

Animoca recently launched Garfield Fit, which is the company’s first health app and marks its entry into the substantial digital health apps market, worth US$14 billion in 2016.

Garfield Fit turns real-world exercise into a game, increasing the user’s motivation and adherence to physical activity.

The app is a sophisticated pedometer with tailored fitness functions for children and adults, motivating them to adopt a healthier lifestyle.

Furthermore, virtual reality (VR) has been added to the scope of work under the renewed license with Paws, executing on Animoca’s strategy to diversify its product portfolio.

VR is experiencing rapid growth in all aspects, including in the gaming and learning sectors. By 2022 the market is estimated to be worth over US$33 billion.

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Wed, 08 Mar 2017 09:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/174418/animoca-brands-corporation-renews-garfield-license-to-drive-app-growth-174418.html
<![CDATA[News - Animoca Brands Corporation's shares placed in pre-open ]]> https://www.proactiveinvestors.com.au/companies/news/172586/animoca-brands-corporation-s-shares-placed-in-pre-open-172586.html Animoca is yet to outline a reason for the halt, as at 9am Friday 3rd.

The halt will remain in place until the opening of trade on Monday, 6th February 2017, or earlier if an announcement is made to the market.

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Fri, 03 Feb 2017 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172586/animoca-brands-corporation-s-shares-placed-in-pre-open-172586.html
<![CDATA[News - Animoca Brands Corporation to lift cash balance ]]> https://www.proactiveinvestors.com.au/companies/news/172453/animoca-brands-corporation-to-lift-cash-balance-172453.html The halt will remain in place until the opening of trade on Friday 3rd February 2017, or earlier if an announcement is made to the market.

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Wed, 01 Feb 2017 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172453/animoca-brands-corporation-to-lift-cash-balance-172453.html
<![CDATA[News - Animoca Brands Corporation Ltd to acquire Finnish game developer ]]> https://www.proactiveinvestors.com.au/companies/news/131918/animoca-brands-corporation-ltd-to-acquire-finnish-game-developer--69628.html Animoca Brands Corporation Ltd (ASX:AB1) will acquire TicBits Oy, an independent mobile game developer based in Finland for a cash consideration of $5 million.

In FY15, TicBits generated revenue of $1.5 million and has $1.8 million in cash accumulated from profits on its balance sheet.

The initial (staged) consideration represents an EV/EBIT multiple of 3.6x based on FY15 EBIT.

Interestingly, Finland has spawned two of the world’s most successful mobile game companies - Supercell, acquired by Tencent for $11.6 billion) and Rovio, the makers of Angry Birds.

The acquisition is funded from Animoca’s April 2016 institutional placement which raised $6.5 million.

The consideration includes an upfront payment of $3.5 million, followed by $1.5 million payable in 2018.

Animoca is a player in the global mobile gaming market, growing revenue to $7.5 million in 2015, from $4 million in 2014.

The company has a portfolio of more than 430 mobile gaming apps with 13 million monthly active users.

The new acquisition aligns with the Animoca’s strategy to expand global presence and enhance its owned portfolio of IP and games.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 05 Jul 2016 14:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131918/animoca-brands-corporation-ltd-to-acquire-finnish-game-developer--69628.html
<![CDATA[News - Animoca Brands gains 7m downloads with app on Xiaomi China platform ]]> https://www.proactiveinvestors.com.au/companies/news/131917/animoca-brands-gains-7m-downloads-with-app-on-xiaomi-china-platform-68680.html Mobile game publisher Animoca Brands Corporation Ltd (ASX:AB1) is making inroads into the Chinese market after achieving over 7 million downloads for the ‘Garfield Chef’ mobile app game since December 2015, on Xiaomi’s app store, Mi Market.

The publishing partnership with Xiaomi, China’s largest smartphone maker with over 70 million handsets sold in 2015, helped Animoca achieve strong numbers for the Garfield Chef app.

For the quarter ended March 2016, Animoca recorded a revenue of $2.18 million, an 82% increase from $1.4 million recorded in March 2015 quarter.

Xiaomi has the exclusive rights to publish Garfield Chef throughout China on both Android and iOS systems. The iOS version was launched in the Apple app store in China in February 2016.

The Chinese mobile gaming market has overtaken the US and Japan as the top country by spend on mobile games, generating US$7.1 billion in 2015 according to a report by NewZoo and TalkingData.

It is expected to reach over $11 billion by 2019, according to Niko Partners.

Animoca held $3 million cash at the end of March 2016 quarter and successfully raised $1 million via a share purchase plan earlier this month.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 May 2016 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/131917/animoca-brands-gains-7m-downloads-with-app-on-xiaomi-china-platform-68680.html
<![CDATA[News - Animoca Brands heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/131916/animoca-brands-heads-to-market-65884.html Animoca Brands (ASX:AB1) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Animoca is a global mobile games developer, with a portfolio of over 380 mobile games and 8 million monthly active users.

Recently the company said that is is on-track to grow revenues by 88% to $7.5 million in 2015.

The halt will remain in place until the opening of trade on Wednesday 2nd December 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 30 Nov 2015 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/131916/animoca-brands-heads-to-market-65884.html