Mocaverse Raises $20 Million

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Animoca Brands secured $20 million in funding to expand its Mocaverse NFT project.

The Deets

Funding Partners: Led by CMCC Global, with notable investors like Kingsway Capital and Liberty City Ventures.
Use of Capital: To facilitate web3 adoption, product development, and strategic partnerships.
Mocaverse: A platform for web3-native tooling aimed at gaming, culture, and entertainment.
Moca ID: An upcoming NFT collection for digital identity and unique engagement in the Mocaverse ecosystem.

The Bulk

Animoca Brands successfully raised $20 million for its marquee project, Mocaverse. This funding round has been led by CMCC Global, a heavyweight in blockchain investments, along with other prominent players like Kingsway Capital and Liberty City Ventures.

The newly acquired capital is earmarked for the advancement of the Mocaverse project, including its product development, promotion of web3 adoption, and securing key partnerships. The Mocaverse is being designed as the cornerstone for Animoca's web3 gaming, culture, and entertainment arm. Users can establish their digital identities, earn loyalty points, and engage in a thriving ecosystem supported by Animoca Brands’ extensive portfolio.

Additionally, Mocaverse is set to release Moca ID, a non-transferable NFT collection designed for individualized, on-chain identities. Holders of these unique NFTs will not only authenticate themselves in the Mocaverse but will also have exclusive access to experiences and earn loyalty points.

📊 By the Numbers

Mocaverse is up 70% in the last week to a 0.9 ETH floor price.

💰 Money Talks

Animoca Brands' fundraising amounted to $20 million, setting the share price at $2.90. The deal also includes free-attaching utility token warrants for investors, granted on a 1:1 dollar basis.

🎤 Founder Feedback

The Mocaverse will serve as the digital identity, reputation, and loyalty system for other decentralized organizations.Yat Siu, Co-Founder of Animoca Brands

🔜 What's Next?

Mocaverse will soon roll out Moca ID, the NFT collection that will function as the digital passport for its ecosystem. Keep an eye out for this innovative identity solution.

🧠 Learn More

Animoca Shares Investor Update

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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.

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