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	Podcast:		Blockchain Gaming World
	Episode:		30 January 2026 \| Animoca and The Sandbox
	Category:		Games & Hobbies
	Duration:		00:40:15
	Publish Date:		2026-01-30 17:23:26
	Description:		In this episode, we look at the rise of Animoca, and the rise and fall of its metaverse project The Sandbox. [0:24] This week's show focuses on the details arising from Animoca's 2022 financials. [1:11] 2022 was a long time ago, but the report also discloses more recent financial details. [4:00] Animoca's business is particularly complex, even without worrying about crypto. [6:58] The most interesting details are about The Sandbox. [8:45] Around 50% of Animoca's balance sheet is illiquid tokens such as SAND, MOCA, and EDU. [9:40] Animoca bought The Sandbox dev Pixowl for $5 million in 2018. [11:10] At one point in 2021, The Sandbox was Animoca's main financial asset. [13:35] In 2022, Animoca spent over $100 million buying game devs, which it's since written off. [20:28] Animoca bought 30% of The Sandbox's holding company from its co-founders for $125 million. [25:20] The Sandbox first launched its alpha season in 2021. It's still in alpha. [28:25] Could genAI and AI agents help resurrect The Sandbox? [31:20] Now the valuation of The Sandbox is marginal for Animoca as a whole; less than 10%. [32:29] Animoca listing on Nasdaq will be good for the whole crypto sector.
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