Animoca Brands Secures Additional $10M for Mocaverse

In this post

Animoca Brands raised an additional $10 million to build out Mocaverse, its flagship NFT project and web3 adoption engine, as part of its vision for a more connected crypto ecosystem.

The Deets

Mocaverse Growth: New funding supports scaling Mocaverse, Animoca’s interoperable identity system for Web3.
Strategic Investors: OKX Ventures, CMCC Global, and Decima Fund are among the backers.
Focus on Mass Adoption: Mocaverse enables large ecosystems to onboard millions of users through Web3-based identity and reputation features.
Key Partnerships: Recent partnerships with Anime Foundation, MyAnimeList, and TON Foundation expand Mocaverse’s reach to 900 million users across Telegram, anime, and sports communities.

The Bulk

Animoca Brands, a major player in the blockchain space, continues its commitment to driving mass adoption of Web3 technology through Mocaverse. This interoperable infrastructure layer, which focuses on identity, account, and reputation systems, is designed to support consumer crypto adoption on a large scale. Mocaverse’s $10 million funding round, backed by heavyweights like OKX Ventures and CMCC Global, will accelerate the development of the Moca Network, a decentralized ecosystem aimed at connecting users across diverse digital communities.

The new funds will bolster Mocaverse's initiatives, such as the Realm SDK, a tool allowing Web3 developers to create reputation-based ecosystems compatible with Mocaverse. Additionally, Mocaverse has introduced Moca ID, an on-chain identity system that has gained significant traction, with over 1.79 million IDs registered and 160 Web3 activations involving prominent names like Pixels, BLOCKLORDS, and Trust Wallet.

Partnerships with the Anime Foundation, MyAnimeList, and One Football have positioned Mocaverse to tap into 218 million monthly users. These collaborations, alongside a strategic integration with the TON Foundation, bring the potential to engage up to 900 million Telegram users, capitalizing on shared interests across cultural and social verticals.

🎤 Founder Feedback

With Mocaverse and its Realm Network we are bringing the Web3 ethos of interoperability to life, driving decentralization and shared network effects across the broader Web3 ecosystem.Yat Siu, Executive Chairman Animoca Brands

🔜 What's Next?

As Mocaverse continues its expansion, future partnerships will focus on onboarding communities across gaming, sports, and social platforms. Animoca’s vision is to integrate Web3 into everyday digital interactions, aligning with its mission to advance digital property rights.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.