Ann: Leads investment into Sky Mavis, maker of Axie Infinity, page-231

In April, Axie did about $670k in revenue.

In May, it did $3.0 million.

In June, $12.2 million.

In July, just 18 days into the month, it’s already at $79 million.

Delphi Digital projects that it will close this month at $153 million.

The growth probably can't continue at the rate it has indefinitely. Current run rate for venue is just under 2bn. However, likely to be on for far more than that in a couple of months. I thought it was hyperbole but it could legitimately be one of the highest earning games in the world in a few months - it's not even on Google play or Apple store yet. It's still in early early stages.

What revenue multiple do you apply when it's quadrupling each month? 20x? If so this game's worth north of 50bn already. Make the multiple 10x and our stake 2% and our share is worth what 0.4bn?

Our 2-5% stake is already worth north of a billion imo.