Animoca Brands <a href="https://www.animocabrands.com/animoca-brands-raises-additional-usd11888888-in-second-tranche-of-funding-for-mocaverse" target="_blank" rel="noopener">secured an additional $11.88 million</a> in funding for its Mocaverse NFT project.&nbsp;
The Deets
<ul>
<li>Second funding tranche: A substantial $11.88 million raise</li>
<li>Notable backers: Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs, among others</li>
<li>Strategic use of funds: To empower Mocaverse as a key player in Web3 culture and entertainment</li>
</ul>
The Bulk
Animoca Brands announced an impressive second tranche of funding for Mocaverse. This follows <a href="https://luckytrader.com/nft/mocaverse/news/mocaverse-raises-20-million">an initial $20 million investment</a> announced earlier this year.
The latest funding round, amounting to $11.88 million, saw participation from industry heavyweights like Block1, OKX Ventures, and others. The funds were raised through the issue of new ordinary shares priced at ~$2.97 each. Significantly, investors in each round received a utility token warrant, enhancing engagement in the Mocaverse ecosystem.
Highlighted in the raise announcement is the recent release of "Realm Points," and Mocaverse's Moca ID, which will play a critical role in the building of a "Web3 Frequent Player Program."&nbsp;
📊 By the Numbers
Mocaverse bounced higher off the news, up 48% in the last 24 hours to a 3.18 ETH floor.&nbsp;
🔜 What's Next?
With the foundation set for Mocaverse's future, the focus shifts to the development and rollout of the Web3 Frequent Player Program. This initiative is expected to revolutionize how users engage with Web3 platforms, offering unparalleled access and rewards.
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For more web3 and NFT news, <a href="https://luckytrader.com/news">visit the Lucky Trader newsfeed</a>.

Animoca Brands Raises Another $11.88M for Mocaverse

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Animoca Brands secured an additional $11.88 million in funding for its Mocaverse NFT project. More inside. 

Mocaverse

Arbitrum, in partnership with Horizen Labs and Offchain Labs, <a href="https://twitter.com/arbitrum/status/1732868698082353252" target="_blank" rel="noopener">unveiled an ApeCoin DAO idea for ApeChain,</a> a dedicated blockchain using $APE as the native gas token, aiming to revolutionize onchain gaming.
The Deets
<ul>
<li>New Collaboration: Arbitrum, Horizen Labs, Offchain Labs team up for ApeChain</li>
<li>Native Token: $APE to serve as ApeChain's gas token</li>
<li>Gaming Focus: ApeChain to be a nexus for onchain gaming, led by Horizen Labs</li>
<li>Technical Edge: Utilizing Arbitrum&rsquo;s AnyTrust technology for efficiency and affordability</li>
<li>Overall Cost: No upfront compensation requested by potential partners</li>
</ul>
The Bulk
Arbitrum, known for leading the Ethereum scaling solution space, is collaborating with Horizen Labs and Offchain Labs to propose ApeChain be cemented on Arbitrum. Given Yuga Labs' focus on the gaming sector, Arbitrum noted that its vision of ApeChain intends to use $APE as its native gas token, levergaing Arbitrum's technical attributes and market share to create a robust gaming-centric blockchain ecosystem.
The initiative has garnered support from various partners including Magic Eden, Darewise, LayerZero Labs, and more, as outlined in the full proposal.&nbsp;
Horizen Labs, serving as the growth lead, would focus on business development and onboarding for ApeChain, aligning with Yuga Labs' gaming strategy. Offchain Labs would contribute technical expertise, enhancing ApeChain's features, including potential implementations like hardcoded creator royalty enforcement.
None of the partners are seeking upfront compensation for the work, and its implementation would be funded by Arbitrum's Grant Program, if the idea moved forward as is. Instead, the group would receive some form of compensation from the revenue generated from ApeChain's data availability committee.&nbsp;
❗️Why It Matters
ApeChain seems like all but an inevitablity at this point, and now multiple heavy hitters, including Optimism, Polygon, and Arbitrum are vying to be its home. If Yuga Labs wishes to cement itself as a major web3 gaming player, it will need a place for its ecosystem token and high-speed, cost-effective transactions. Will that be with Arbitrum's help?&nbsp;&nbsp;
📊 By the Numbers
$APE has lagged relative to its web3 gaming token counterparts. The Yuga Labs' ecosystem token is up 4.4% in the last 24 hours to $1.68 and is ranked No. 101 in CoinGecko's marketcap rankings.&nbsp;
🎤 Founder Feedback
{LuckyQuote quote="Our goal is to combine the strength of the APE brand with Arbitrum's technology and cement ApeChain as the nexus of onchain gaming." source="Arbitrum"}
🎬 Take Action
Learn more about the idea and provide your feedback <a href="https://forum.apecoin.com/t/apechain-developed-with-arbitrum-technology-with-growth-led-by-horizen-labs/20779" target="_blank" rel="noopener">via the ApeCoin DAO forum</a>.&nbsp;
<hr />
For more web3 and NFT news, <a href="https://luckytrader.com/news">visit the Lucky Trader newsfeed</a>.

Yuga Labs

Arbitrum Makes Bid for 'ApeChain'

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Arbitrum, in partnership with Horizen Labs and Offchain Labs, unveiled an ApeCoin DAO idea for ApeChain, a dedicated blockchain using $APE as the native gas token, aiming to revolutionize onchain gaming. More inside. 

HYTOPIA <a href="https://twitter.com/HYTOPIAgg/status/1732529099032469510" target="_blank" rel="noopener">is restructuring on-chain control of uncirculated $TOPIA tokens</a> to enhance transparency and efficiency.
The Deets
<ul>
<li>Over 1 billion $TOPIA tokens to be minted for world staking rewards</li>
<li>Cex/Faucet allocation moving to a multisig wallet controlled by HYTOPIA Foundation</li>
<li>Unvested team supply to be timelocked, vested supply moved to a team-controlled wallet</li>
<li>Avatar staking rewards and unclaimed tokens for world owners to see significant changes</li>
</ul>
The Bulk
HYTOPIA is taking steps to restructure the on-chain control of its uncirculated $TOPIA tokens. This strategic shift aims to ensure the stability and transparency of the token&rsquo;s ecosystem. The significant changes include:
<ol>
<li>
Minting more than 1 billion $TOPIA tokens for world staking rewards, which will be locked in the staking contract. This differs from the past practice of depositing tokens as staking rewards depleted.
</li>
<li>
Moving the Cex/Faucet allocation, constituting 24% of the total supply, to a unique multisig wallet. This wallet will be under the control of the HYTOPIA Foundation, with future directors assigned as signers.
</li>
<li>
Restructuring the team supply with the unvested portion moving to a timelocked contract per the vesting schedule. The already vested supply will be minted and transferred to a team-controlled multisig wallet.
</li>
<li>
Shifting the avatar staking reward supply of $TOPIA to a separate multisig wallet, to be utilized once avatar staking contracts and systems are deployed.
</li>
<li>
Airdropping the remaining unclaimed tokens to current world owners, specifically for those worlds that never had their first or second airdrop claimed, amounting to approximately 23 million of the 500 million tokens.
</li>
<li>
Transferring the $LP-Staking reward tokens to a unique multisig wallet, to be later deposited in batches into the LP staking rewards contract.
</li>
</ol>
📊 By the Numbers
The $TOPIA token is up 86% this week to $0.094 whilst the HYTOPIA Worlds NFTs have jumped 57% to 3.8 ETH.&nbsp;
&nbsp;🎤 Platform Prose
{LuckyQuote quote="The goal here is effectively to move the remaining supply of tokens into locked mechanisms of custody or to their intended systems where they already exist, we need to do this for a number of reasons." source="HYTOPIA"}
🔜 What's Next?
HYTOPIA's restructuring process is expected to begin in the coming days. Token holders and interested parties should stay informed and watch for further updates and instructions regarding these changes.
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For more web3 and NFT news, <a href="https://luckytrader.com/news">visit the Lucky Trader newsfeed</a>.

HYTOPIA Shares Details on $TOPIA Restructuring

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HYTOPIA is restructuring on-chain control of uncirculated $TOPIA tokens to enhance transparency and efficiency. More inside. 

NFT Worlds

NFT Worlds is a fully decentralized 3D voxel-based metaverse NFT project comprised of 10,000 unique NFT worlds, originally using Minecraft and its open source ecosystem before NFTs were deplatformed from Minecraft. The metaverse has play to earn mechanics using the $WRLD token and allows owners to create their own limitless metaverse games or experiences for players or exclusive communities within their worlds. Additionally, world owners can stake their world and while staked make it available for rent. Owners set their monthly price to rent their staked NFT World in $WRLD token.

Futureverse and Reebok <a href="https://twitter.com/futureverse/status/1732792946293145736" target="_blank" rel="noopener">announced a new partnership to introduce Reebok Impact in 2024</a>, a digital shoe experience combining AI and metaverse technology.
The Deets
<ul>
<li>Reebok Impact: A digital shoe experience set for 2024 launch</li>
<li>Innovative Fusion: Combines AI, web3, gaming, and metaverse technologies</li>
<li>Consumer Engagement: Aims to redefine digital and physical interaction</li>
<li>Long-term Collaboration: Futureverse and Reebok's partnership to expand experiences</li>
</ul>
The Bulk
Futureverse joined forces with Reebok to unveil Reebok Impact, a unique digital shoe experience. Slated for release in 2024, this collaboration represents a novel fusion of AI, web3, gaming, and metaverse technologies, powered by Futureverse.
Reebok Impact promises to offer an immersive experience, allowing mass consumers to explore the realms of artificial intelligence and digital wearables.&nbsp;
The pair indicated that as the long-term commitment evolves, users can expect additional functionalities and integrations that bridge the gap between digital and physical.&nbsp;
🎤 Founder Feedback
&nbsp;{LuckyQuote quote="This partnership with Futureverse and the upcoming launch of Reebok Impact enables us to transcend traditional boundaries of innovation to engage our consumers in the digital evolution of our products in ways that redefine the realm of possibility," source="Todd Krinsky, CEO of Reebok"}
🔜 What's Next?
As the countdown to 2024 begins, Futureverse and Reebok are gearing up to redefine the digital fashion landscape. Users can follow <a href="https://twitter.com/ReebokImpact" target="_blank" rel="noopener">Reebok Impact on X</a> to stay abreast of the latest information.&nbsp;
<hr />
For more web3 and NFT news, <a href="https://luckytrader.com/news">visit the Lucky Trader newsfeed</a>.

Futureverse Partners With Reebok for Major Digital Fashion Initiative 

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Futureverse and Reebok announced a new partnership to introduce Reebok Impact in 2024, a digital shoe experience combining AI and metaverse technology. More inside. 

Coverage of Digital Assets you can Trust

Animoca Brands Raises Another $11.88M for Mocaverse

Arbitrum Makes Bid for 'ApeChain'

HYTOPIA Shares Details on $TOPIA Restructuring

Futureverse Partners With Reebok for Major Digital Fashion Initiative