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Animoca Brands received $11.88 million for Mocaverse as part of the 2nd tranche of financing

Web3: Animoca Brands received $11.88 million for Mocaverse as part of the 2nd tranche of financing

Animoca Brands Corporation Limited announced the successful completion of the second round of funding for Mocaverse, raising $11.88 million. This follows an initial investment of $20 million in September 2023.

Leading participants in this funding round included #Block1, #OKX Ventures, #Foresight Ventures, Polygon Ventures, Dapper Labs, and others. The funding was raised by issuing new ordinary shares at A$4.50 per share. Note that investors in each round received free dollar-based token warrants in a 1:1 ratio.

Mocaverse is focused on establishing itself as the authority level for Web3 culture and entertainment. It strives to provide seamless integration and sustainable growth for Web3 projects through its Web3 Frequent Player Program based on Mocaverse loyalty points known as "Realm Points".

Mocaverse is a compatible meta-experience layer for identity, social interaction, and growth on Web3. Users can create their digital identity, build a reputation, and earn and spend Realm Points in the Mocaverse ecosystem. This ecosystem is supported by an extensive portfolio of entertainment content and games that includes franchises such as Garfield, Formula E, MotoGP and many more.

The additional funding will allow #Mocaverse to continue to develop and improve its platform, as well as expand its ecosystem of partners and content. The company also plans to use the funds to improve the marketing and promotion of Mocaverse to attract more users and build popularity within the Web3 community.

Animoca Brands CEO Yat Siu expressed his joy at the successful completion of the financing and emphasized the importance of Mocaverse in the Web3 ecosystem. He noted that Mocaverse has the potential to become a major player in Web3 and attract a mass audience thanks to its unique combination of content, technology and experience.

Mocaverse has already received significant recognition in the industry, becoming a finalist in the "Best Use of Blockchain in Gaming" category at the prestigious #The Dappys awards ceremony in 2022.

With this new funding, Mocaverse will continue to develop and strengthen its position in the Web3 market, offering unique features and experiences to users.

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