In a world where digital innovation is the key to the future, Animoca Brands Corporation Limited is making waves. The company is at the forefront of advancing digital property rights for gaming and the open metaverse. On the 11th of September 2023, they made an exciting announcement – they’ve secured $20 million (approximately A$31.3 million) in funding to accelerate their groundbreaking project, Mocaverse.
The Vision Behind Mocaverse
Mocaverse isn’t just another project; it’s poised to become the identity and point system for the exciting realm of Web3 gaming, culture, and entertainment. As we step into the future of the internet, Animoca Brands is leading the charge towards decentralization and autonomy. In a time when the internet is evolving from hierarchical power structures to autonomous ones, Mocaverse’s DAO-based approach ensures a community focused on innovation and collaboration within Animoca Brands’ expansive ecosystem.
Mocaverse has raised $20M via our mothership, @animocabrands 👁👁👁#MocaFam, we're about to level up from all fronts:
🛠️ Product development
🤝 Web2 and Web3 adoption
🎮 Redefining web3 culture and entertainment ecosystemFull press release: https://t.co/lybQtUH5iY
— Mocaverse💼🪐 (@MocaverseNFT) September 10, 2023
The Investors
This groundbreaking funding round was led by CMCC Global, a venture capital company in Asia specializing in blockchain and Web3 investments. With an impressive track record of investing early in leading projects like Ethereum (ETH) at $7 and Solana (SOL) at $0.20, CMCC Global is known for its high-conviction investments. The round also saw participation from Kingsway Capital, Liberty City Ventures, GameFi Ventures, and notable individuals like Aleksander Larsen and Gabby Dizon. Notably, Yat Siu, the executive chairman and co-founder of Animoca Brands, is also actively involved in this initiative.
The Future of Mocaverse
So, what does the future hold for Mocaverse? This funding will be used to push the boundaries of this project, from product development to facilitating the adoption of Web3. The aim is to secure partnerships that will expand the gaming, culture, and entertainment ecosystem of Animoca Brands, which boasts an impressive portfolio of approximately 450 investments in Web3 companies and projects.
Mocaverse is dedicated to building Web3-native tools that empower users in the gaming, culture, and entertainment industries. Users will have the opportunity to create their own digital identities, accumulate reputation, earn and redeem loyalty points, and use their digital identity to access the Mocaverse ecosystem. This ecosystem is seeded by Animoca Brands’ vast portfolio companies and a partner network that reaches over 700 million users.
The Exciting Launch of Moca ID
One of the most anticipated developments in the Mocaverse project is the launch of Moca ID, a collection of non-transferrable NFTs (Non-Fungible Tokens). These NFTs will enable users to craft their own on-chain identities, allowing them to participate fully in the Mocaverse ecosystem. Moca ID holders will enjoy exclusive access to unique Mocaverse experiences and will have the privilege of earning loyalty points through active engagement. These loyalty points will drive a permissionless and interoperable loyalty system, with plans to gradually decentralize it, allowing third-party adoption and integration of Moca ID. This move aims to enhance the accessibility and growth of Web3, promising an exciting future for users.
A Word About CMCC Global
CMCC Global, as one of Asia’s first venture capital companies exclusively focused on blockchain and Web3 investments, has an exceptional record in the space. With an enviable AUM (Assets Under Management) of over $500 million across its various funds, they are known as high-conviction investors.
The Takeaway
In the fast-evolving landscape of digital innovation, Animoca Brands is taking a pioneering role in shaping the future. Their commitment to decentralization and the creation of the Mocaverse ecosystem is a testament to their dedication to innovation and collaboration. The Mocaverse project is not just an exciting leap in the world of Web3; it’s a statement about the future of digital identity, reputation, and loyalty systems.
Get ready to witness the birth of a new digital era. As Mocaverse takes its first steps, it promises to open the doors to new economic opportunities and collaborative potential. With the support of investors who believe in their vision, Animoca Brands is ready to redefine the future of the internet.
FAQs
1. What is Web3 gaming, and how does Mocaverse fit into it?
Web3 gaming represents the next generation of online gaming, characterized by decentralized and blockchain-based systems. Mocaverse aims to be the identity and point system for this evolving landscape, allowing users to have a digital presence and earn rewards.
2. Who are the key investors in Mocaverse?
CMCC Global led the funding round, with participation from Kingsway Capital, Liberty City Ventures, GameFi Ventures, and notable individuals like Aleksander Larsen and Gabby Dizon. Yat Siu, the executive chairman of Animoca Brands, is also actively involved.
3. What is Moca ID, and why is it significant?
Moca ID is a collection of non-transferrable NFTs that enable users to create on-chain identities within the Mocaverse ecosystem. It provides exclusive access to unique experiences and the opportunity to earn loyalty points, fostering a thriving digital community.
4. How will Mocaverse benefit the Web3 ecosystem?
Mocaverse is set to enhance the Web3 ecosystem by offering users digital identities, reputation, and loyalty systems. This will open up new economic opportunities and foster innovation in a decentralized environment.
5. Where can I find more information about Animoca Brands and Mocaverse?
You can learn more about Animoca Brands and their projects, including Mocaverse, by visiting their website at www.animocabrands.com.
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