Animoca Brands has secured an additional $11.88 million Mocaverse funds in the second round. Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, and Dapper Labs were among the investors in the round.
After the $20 million led by CMCC Global in September, the latest fundraising brings the total raised to $31.88 million. The latest funding will be used to accelerate Web3 development. It includes digital identity and point system for Web3 gaming, culture, and entertainment in Mocaverse.
Mocaverse is the driving force behind Web3 culture and entertainment.
Mocaverse, according to Animoca Brands, is the empowerment layer for Web3 culture and entertainment. It facilitates seamless onboarding and growth for Web3 projects. The Web3 Frequent Player Program, powered by “Realm Points,” was a creation of Mocaverse. The Hong Kong-based company has now raised $31.88 million together with its additional $11.88 million Mocaverse funds to develop what is described as a digital identity and loyalty platform for blockchain games and other apps.
Animoca has released 8,888 Ethereum NFTs profile pictures (PFPs) that act as a key to the Mocaverse. Blockchain investment firms Block1, OKX Ventures, Foresight Ventures, and Polygon Ventures, as well as NBA Top Shot maker Dapper Labs, participated in the latest round of funding. Animoca issued new shares at $4.50 each and granted investors utility token warrants.
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Unrivaled scale for user engagement and reward earning
This ambitious project is constructing a one-of-a-kind ecosystem in which users can seamlessly onboard and engage. This can foster growth for a diverse range of web3 projects. The introduction of the web3 Frequent Player Program is an integration of Mocaverse loyalty points. These are “Realm Points”. It is central to this vision. This initiative establishes Mocaverse as a versatile and interoperable meta-experience layer where users can establish their digital identity, build reputation, and actively participate in the ecosystem.
Mocaverse’s integration into Animoca Brands’ extensive portfolio, which includes over 400 companies. It has a partner network of over 700 million users. Mocaverse provides an unrivaled scale for user engagement and reward accrual. Mocaverse recently introduced the Moca ID, a digital passport that serves as the entry point to the plethora of benefits available through its web3 Frequent Player Program. Moca ID holders will be able to earn Realm Points through active participation in the ecosystem. These points is redeemable for exclusive real-life benefits and rewards, enhancing user engagement within the Mocaverse and Animoca Brands networks.
.@animocabrands raises a total of US$31.88 million for Mocaverse, marking an additional US$11.88 million in second tranche of fundinghttps://t.co/Lm6KZ5J5QZ
— Mocaverse💼🪐 (@MocaverseNFT) December 8, 2023
