Animoca Brands Raises Another $11.88M for Mocaverse

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. 

The Deets

  • Second funding tranche: A substantial $11.88 million raise
  • Notable backers: Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs, among others
  • Strategic use of funds: To empower Mocaverse as a key player in Web3 culture and entertainment

The Bulk

Animoca Brands announced an impressive second tranche of funding for Mocaverse. This follows an initial $20 million investment 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." 

📊 By the Numbers

Mocaverse bounced higher off the news, up 48% in the last 24 hours to a 3.18 ETH floor. 

🔜 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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