Animoca Brands’ $20M Capital Infusion to Bolster the Mocaverse 

Share This Post

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.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.


Related Posts

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its... Returns With Surging NFT Trading Volumes, the decentralized social media app, has shown an...

CoinMarketCap and HELLO Labs to Premiere TV Series, Killer Whales

An official trailer for the Web3 television series 'Killer...

Machi Proposes 11M $APE Sends NFTs to Museums Worldwide

An intriguing week-long vote surrounding OG NFTs kick-started today! Machi Big Brother,...

Related Posts

The History of Bitcoin NFTs – A Step-by-Step Timeline

With recent hype surrounding Casey Rodarmor's release of open-source...

The Ultimate Sandbox Review [Crypto NFT Guide for 2022]

The metaverse may be the most important concept of...

The Ultimate Guide to NFT for Dummies [2022 Guide]

NFTs are collectible items that can represent digital content,...

Top 10 NFT Marketplaces to Look Out For and Why

How numerous NFT marketplaces make hunting for digital collectibles...

Bored Ape NFT Game Dookey Dash Is Now Available To Play For $2,300

The infamous Bored Ape Yacht Club NFT collection provides...

Top 5 Most Expensive CryptoPunks NFTs and Reasons Why

CryptoPunks' unique attributes sell for six digits or more CryptoPunks,...