Animoca Brands secures $20 million funding for Mocaverse launch

Animoca Brands Secures $20 Million for Mocaverse

Animoca Brands, an entertainment company based in Hong Kong, has successfully raised $20 million in funding for its latest project, Mocaverse. This web3 platform utilizes blockchain, NFTs, and AI technologies to enhance the gaming, culture, and entertainment industries. The funding round was led by CMCC Global, a venture capital firm that specializes in blockchain and web3 investments. Notable investors in the web3 space, including Kingsway Capital, Liberty City Ventures, and GameFi Ventures, also participated in the round.

Mocaverse: Immersive Experiences and Asset Ownership

Mocaverse offers users a range of immersive and interactive experiences, such as games, NFTs, VR, and social media. With this platform, users can own and trade their digital assets and characters on the blockchain. The $20 million funding will be utilized to develop and launch Mocaverse, establish strategic partnerships, and expand Animoca Brands’ presence in the global web3 market.

Recent Developments of Animoca Brands

Animoca Brands is a leading digital entertainment company that specializes in blockchain, gamification, and AI technologies. With offices in Hong Kong, Australia, Canada, and the United States, the company has a global presence. Animoca Brands is known for its diverse portfolio of products and services, including mobile games, NFTs, and VR experiences. Since 2018, the company has been integrating blockchain into its games, allowing users to have true ownership of their in-game items and characters. It has also formed partnerships with various brands and intellectual properties, enabling the creation of collectible NFTs.

Hot Take: Animoca Brands’ Expansion in Web3

Animoca Brands’ successful funding round for Mocaverse demonstrates the growing interest and investment in web3 platforms within the gaming and entertainment industries. With its expertise in blockchain and NFTs, the company is well-positioned to capitalize on the rising popularity of immersive experiences and digital asset ownership. The $20 million funding will not only support the development and launch of Mocaverse but also enable Animoca Brands to establish strategic partnerships and expand its global reach in the web3 market. As web3 continues to revolutionize the entertainment industry, Animoca Brands’ innovative approach places them at the forefront of this evolving landscape.