On March 5th, according to CoinDesk, Animoca Brands' annual revenue in 2024 was $314 million, an increase of 12% year-on-year, of which the consulting business revenue was $165 million, an increase of 116% year-on-year, and has surpassed the traditional Web3 business. Web3 business (gaming and NFT) revenue fell to $110 million, down 40% year-on-year, reflecting the company's transition to token economy, listing consulting, node operation and other consulting services. In addition, ROI and management fees contributed $39 million. According to the financial report, the company's cash and stablecoin reserves are 293 million US dollars, digital assets are 538 million US dollars, and on-chain token reserves are 2.90 billion US dollars. Although the investment portfolio has increased to 540 companies, the scale of private investment has decreased by 18%, mainly due to token unlocking, equity withdrawal and asset impairment.