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Animoca Brands outlines growth opportunities in strategy update

Blockchain gaming is booming, and Animoca Brands is a first-mover in the space.

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At its core, Animoca develops games for mobile devices, voted a top-50 developer by PocketGamer

Animoca Brands Corporation Ltd (ASX:AB1) has identified blockchain gaming, artificial intelligence (AI), and brand licencing as areas of opportunity for the company.

In FY2018, Animoca generated operating revenue of $12.8 million, up 97%, largely from its core gaming business.

Since this time, Animoca, has made a number of partnership deals, acquisitions, and licensing agreements to continue growing revenue in FY2019.

In 2018, Animoca Brands formed strategic partnerships with industry heavyweights such as HTC, iClick, Atari, and Axiom Zen

The partnership with iClick Asia Interactive Ltd (NASDAQ: ICLK), China’s largest independent online marketing platform, was expected to generate revenues of $11 million in 2019.

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

More recently, the iClick partnership produced a contract with Vigame worth $12.6 million over one year.

2019 has already been busy with a partnership with Formula 1 ® and a collaboration with Talenthouse.

READ: Animoca Brands shares continue to rise on positive news flow

Quick facts: Animoca Brands Corporation Ltd

Price: 0.18 AUD

ASX:AB1
Market: ASX
Market Cap: $161.37 m
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