Hong Kong’s Animoca Brands, a formidable web3 investor with a primary focus on gaming and the metaverse, has set the stage for a remarkable transformation with a resounding $20 million boost for its visionary project, Mocaverse. At its core, Mocaverse is dedicated to constructing web3-native tools tailored for the realms of gaming and entertainment, and Animoca Brands has an ambitious vision for it—to serve as the epicenter of identity and points within the web3 realms of gaming, culture, and entertainment.
In an official statement, Animoca Brands unveiled its strategic roadmap, ushering Mocaverse into the spotlight with a funding round led by CMCC Global, joined by esteemed investors such as Kingsway Capital, Liberty City Ventures, GameFi Ventures, and notable industry luminaries including Aleksander Larsen, co-founder of Sky Mavis, and Gabby Dizon, founder of Yield Guild Games. Notably, this funding round takes a unique twist as Animoca Brands rewards investors with a “free-attaching utility token warrant on a 1:1 dollar basis,” adding an innovative layer to their involvement in this groundbreaking initiative.
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The freshly secured capital is poised to ignite the Mocaverse project, primed for the imminent launch of Moca ID—a pioneering non-transferrable NFT collection meticulously crafted to empower users to forge their on-chain identities and actively participate in the thriving Mocaverse ecosystem. Holders of Moca ID will unlock exclusive access to a vibrant array of Mocaverse experiences, while also seizing the rare opportunity to accrue loyalty points through their active engagement.
Yat Siu, the visionary Co-founder and Executive Chairman of Animoca Brands, who also actively participated in this landmark funding round, shares his profound insights. He notes, “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.” Beyond its role in economic empowerment and community building, Mocaverse is poised to assume the mantle of a digital identity, reputation, and loyalty system, extending its influence to bolster decentralized organizations and entities.