Animoca Brands — a groundbreaking force in digital property rights for gaming in the open metaverse — has obtained $20 million in funding to enhance its flagship project, ‘Mocaverse’.
Quick Takes:
- Animoca Brands secures $20 million to boost its Mocaverse metaverse.
- CMCC Global led the funding round, backed by other prominent investors.
- The funds will go toward uplifting Web3 gaming, culture, and entertainment.
Web3 Powerhouses Supporting Animoca Brands
Anomica Brands recently shared its impressive achievement of garnering $20 million in a funding round! The blockchain-based gaming company has hit its target to advance Web3 gaming, culture, and entertainment through the Mocaverse.
CMCC Global led the funding round. Notably, the venture capital firm already boasts an impressive track record of investing early in leading Web3 projects. These projects include Solana (SOL), Ethereum (ETH), and Cosmos (ATOM), among others.
Other leading investors in the money-raising phase include:
- Liberty City Ventures, Kingsway Capital
- Aleksander Larsen (founder of Sky Mavis)
- GameFi Ventures
- Gabby Dizon (founder of Yield Guild Games)
- and Koda Capital.
Animoca lured investors by offering Simple Agreements for Future Equity. For each $4.50 (AUD) per share, they will automatically turn into regular shares. Although, the amount of these shares depends on the AUD:USD exchange rate at the time of settlement.
Significant Funds to Fuel Future Developments On-Chain
The Web3 firm already boasts a significant portfolio of more than 450 investments in Web3 projects and companies. However, besides more collaborations in the pipeline, one noteworthy new development includes the launch of Mocaverse’s ‘Moca ID’. This non-transferrable NFT collection will assist users in creating their own on-chain facades.
Additionally, users will shortly be able to partake in unique experiences while collecting points through active engagements. These rewards will fuel an interoperable and permissionless loyalty system to decentralize and facilitate third-party adoption progressively.
This capital funding round is a step forward for the Mocaverse, strengthening Animoca Brands’ stance in the ever-expanding Web3 horizon.
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