Animoca Brands Files For Nasdaq Listing

Animoca Brands has announced its intention to file for a Nasdaq listing through a reverse merger with Singapore-based Currenc Group. This merger aims to broaden Animoca's investor base and improve access to its digital assets and growth initiatives. The company's Digital Assets Advisory sector reported substantial growth, achieving $165 million in revenue for 2024—an increase of 116% from the previous year—surpassing the revenue generated from its traditional Web3 gaming and NFT business which saw a decline of 40% to $110 million. The deal is anticipated to close in 2026 following necessary shareholder and regulatory approvals. In recent performance, shares of Currenc Group experienced a notable rise of 118%, reflecting market optimism about the merger's potential.

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