Animoca Brands has successfully secured an additional $10 million in funding for its Mocaverse project, with participation from investors including OKX Ventures, CMCC Global, and Hong Shan. This latest round brings the total fundraising to $41.88 million, following a previous raise of $31.88 million last year.

The funding was structured through a simple agreement for future equity (SAFE) with a free-attaching utility token warrant. The MOCA coin is valued at an implied fully diluted market cap of $1 billion. The funds will be used to accelerate Mocaverse's operations, aiming to enhance digital property rights and interoperability within decentralized systems.