Animoca Brands secures $10 million in funding to expand Mocaverse’s Web3 infrastructure.
Mocaverse aims to drive mass crypto adoption with interoperable tools like the Realm SDK and Moca ID.
Strategic partnerships with major platforms will onboard millions of users to the Moca Network.
Animoca Brands, which promotes digital property rights for the open metaverse, secured another $10 million to fund its Mocaverse project.
Last year, Animoca raised $31.88 million to develop cryptocurrency options for consumers. The total funding for Mocaverse is now over $40 million.
The latest tranche of funding includes participation from high-profile investors such as OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital.
The funding also includes a warrant for MOCA Coin, the project’s native utility token, which is pegged at an implied fully diluted value (FDV) of $1 billion. The structure mirrors previous investment rounds, reinforcing a strong trajectory for Mocaverse’s long-term growth.
Advancing Web3 Interoperability with Mocaverse
Animoca Brands plans to use this new capital to accelerate Mo…
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