Can Animoca Brands’ $20 Million Funding Propel Mocaverse to Become Web3’s Premier Digital ID and Loyalty System? 😳

#Animoca Brands has closed a $20 million funding round to advance its #Mocaverse project, aiming to establish it as the primary digital identity and loyalty system for Web3 gaming, culture, and entertainment.

This DAO-based initiative prioritizes community collaboration across Animoca's ecosystem and beyond.

Moca ID, in the form of non-transferable #NFTs , will enable users to create digital identities, accumulate reputation, and earn/spend loyalty points.

CMCC Global led the funding round, emphasizing the project's potential to unite Animoca's diverse portfolio and grant access to over 700 million user addresses in the Web3 and metaverse realms.

Despite a decline in metaverse attention in recent years, this initiative reflects the enduring opportunities for digital connections in this space.

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