Animoca’s Mocaverse Secures $20 Million Funding for Web3 Gaming

Mocaverse is developing tailored Web3 tools to elevate gaming, culture, and entertainment experiences.

Animoca Brands, the powerhouse in the Metaverse and gaming venture capital arena, has triumphantly secured a staggering $20 million in funding for its groundbreaking Mocaverse project. This monumental financial achievement was spearheaded by a consortium of esteemed Web3 investors, spearheaded by none other than CMCC Global.

In this momentous investment endeavor, CMCC Global took the lead, while also enlisting the support of illustrious backers such as Kingsway Capital, Liberty City Ventures, and GameFi Ventures. Notably, Animoca Brands’ co-founder, Yat Siu, wholeheartedly joined this transformative funding initiative.

With this fresh influx of capital, Animoca Brands is poised to catapult the Mocaverse project to new heights. These funds will be instrumental in catalyzing the development of innovative products, simplifying the adoption of Web3 technology for the masses, and forging strategic partnerships to expand the frontiers of the gaming, culture, and entertainment network.

The Mocaverse project is nothing short of visionary, as it endeavors to craft specialized Web3 tools designed to elevate the realms of gaming, culture, and entertainment. These groundbreaking tools will empower users to craft their unique online personas, known as Mocha IDs (non-transferrable NFTs), nurture their digital reputation, accrue and utilize loyalty points, and ultimately harness this digital identity to seamlessly navigate the vast expanse of the Mocaverse ecosystem.

In recent times, Animoca Brands has carved a prominent niche as a driving force in NFT investments, blockchain gaming, and all things related to the metaverse. The company is offering a compelling opportunity for experienced and savvy investors through Simple Agreements for Future Equity (SAFEs), with the ambitious goal of raising a substantial $20 million (equivalent to approximately $31.3 million). These coveted SAFE agreements are being offered at a rate of A$4.50 per share.

Remarkably, after a mere six months, these SAFEs will seamlessly metamorphose into regular shares, requiring no manual intervention. The precise number of new shares issued will hinge on the prevailing exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD) at the time of this pivotal conversion. This strategic move signals Animoca Brands’ unwavering commitment to revolutionizing the Web3 landscape and solidifying its position as a trailblazer in the Metaverse and gaming realm.


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