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Animoca Brands has garnered attention with its successful effort to secure substantial funding commitments, intended to accelerate the progress of its ambitious Mocaverse project. In this funding round, the company successfully raised $20 million by issuing new ordinary shares. Notably, investors participating in this round were also provided with utility token warrants, which matched on a 1:1 basis with the dollar amount invested.
Investment Information
Taking the forefront in this funding initiative was CMCC Global, closely followed by a consortium of other investors including Kingsway Capital, Liberty City Ventures, and GameFi Ventures, among others. Notably, Animoca Brands’ co-founder and executive chairman, Yat Siu, also joined in this financial round, expressing his support by stating:
“We are deeply honoured by investors’ support for Animoca Brands and its vision of decentralisation.”
The freshly acquired capital has been allocated for several pivotal areas of advancement within the Mocaverse project. These key areas include further product development, driving the adoption of Web3 technologies, and enhancing partnerships aimed at boosting Animoca Brands’ already thriving gaming, culture, and entertainment ecosystem.
The company boasts an expansive portfolio, comprising approximately 450 investments in diverse Web3 companies and projects, establishing a solid foundation for the Mocaverse project.
A Glimpse Into The Future With Mocaverse
Delving further into the framework of the Mocaverse initiative, it aspires to serve as a center for nurturing Web3-native tools. This infrastructure is envisioned to empower a diverse array of sectors including gaming, culture, and entertainment. It will enable users to shape their digital personas and gain reputation points, among other functionalities.
One notable element to keep an eye on is the Moca ID, a non-transferable NFT collection designed to help users create their unique on-chain identities, supporting active participation within the Mocaverse ecosystem.
Furthermore, Yat Siu shed more light on the initiative, saying:
“The ongoing evolution of the Internet involves a shift from hierarchical power structures to autonomous ones, and the DAO-based approach of Mocaverse ensures that its community will be focused on driving innovation and collaboration across the broader Animoca Brands ecosystem.
In addition to empowering users to participate in a vibrant community that generates new economic opportunities, Mocaverse will also serve as the digital identity, reputation, and loyalty system for other decentralised organisations.”
What Is Mocaverse?
The Mocaverse represents a distinctive NFT collection crafted by Animoca Brands, uniting their extended family of companies, projects, investments, shareholders, and partners. Within this unique ecosystem, it represents the fundamental principles of Web3 and digital ownership. Holders of the Mocaverse NFT collection will enjoy the opportunity to engage in various community-centric activities facilitated by Animoca Brands, structured around four main pillars: Learn, Play, Do Good, and Build.
The Mocaverse is a special NFT collection created by Animoca Brands, uniting their family of companies, projects, investments, shareholders, and partners. It showcases the core values of Web3 and digital ownership within its unique ecosystem. Holders of the Mocaverse NFT collection will have the opportunity to engage in various community-centric activities powered by Animoca Brands. These activities are structured around four main pillars: Learn, Play, Do Good, and Build.
For example, under “Learn”, holders can look forward to participating in masterclasses and AMAs hosted by industry leaders, alongside gaining access to valuable educational research insights. The “Play” aspect involves offering exclusive game passes and a chance to access unique in-game assets and airdrops.
Animoca Brands stands as a formidable entity, working relentlessly to uphold digital property rights and pave the path for establishing an open metaverse, an objective that resonates well with its vision and efforts towards crafting a comprehensive and inclusive digital landscape.
The Mocaverse is a special NFT collection created by Animoca Brands, uniting their family of companies, projects, investments, shareholders, and partners. It showcases the core values of Web3 and digital ownership within its unique ecosystem. Holders of the Mocaverse NFT collection will have the opportunity to engage in various community-centric activities powered by Animoca Brands. These activities are structured around four main pillars: Learn, Play, Do Good, and Build.
For example, under “Learn”, holders can look forward to participating in masterclasses and AMAs hosted by industry leaders, alongside gaining access to valuable educational research insights. The “Play” aspect involves offering exclusive game passes and a chance to access unique in-game assets and airdrops.
Animoca Brands stands as a formidable entity, working relentlessly to uphold digital property rights and pave the path for establishing an open metaverse, an objective that resonates well with its vision and efforts towards crafting a comprehensive and inclusive digital landscape.
For instance, within the “Learn” category, holders can expect to participate in masterclasses and Ask Me Anything (AMA) sessions hosted by industry leaders. Also, they will gain access to valuable educational research insights. In the “Play” segment, exclusive game passes, access to unique in-game assets, and airdrops await participants.
Animoca Brands stands as a formidable force, tirelessly championing digital property rights and actively contributing to the realization of an open metaverse. This mission integrates perfectly with the company’s vision and commitment to shaping a comprehensive and inclusive digital landscape.