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Animoca Brands Corporation Ltd

Animoca Brands appoints John Madden as financial advisor

Madden is an expert in corporate governance and accounting standards and a Fellow of the CPA Institute and a Member of the Institute of Company Directors.

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Appointment strengthens Animoca’s best-in-class management team

Animoca Brands Corporation Ltd (ASX:AB1) has appointed senior executive John Madden as a financial advisor to the company.

Madden has over 30 years’ experience in financial reporting in both small and large listed entities.

He has performed company secretarial roles for numerous ASX listed companies, as well as a range of unlisted public entities.  A large part of Madden’s career was with Rio Tinto in Australia.

Madden has an extensive knowledge of business analysis, taxation and financing, budgeting and planning, governance, and implementing strategic initiatives.

Animoca Brands co-founder and chairman Yat Siu said: “We are pleased to welcome John to the Animoca Brands team and look forward to utilising his extensive knowledge and background to ensure our governance and company protocols become best-in-class.”

READ: Animoca Brands’ first Formula 1 digital collectible goes up for auction, fetches record price

The company’s first official Formula 1 digital collectible, the 1-1-1 car, was recently sold at an auction for 415.9 Ether, worth about US$113,000.

This winning bid represents one of the highest sums ever paid for a game-based non-fungible token (NFT) or virtual asset, and the highest price for a branded game NFT.

The 1-1-1 is the first digital car to be released for the upcoming F1 Delta Time blockchain-based game developed and published by Animoca Brands.

Quick facts: Animoca Brands Corporation Ltd

Price: $0.19

Market: ASX
Market Cap: $151.89 m
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