Animoca Brands Secures $10M to Enhance Mocaverse Infrastructure

user avatar

by Giorgi Kostiuk

2 years ago

Animoca Brands has secured $10 million to expand the Web3 infrastructure of its Mocaverse project, aimed at promoting crypto adoption through innovative tools.

Securing Funding for Mocaverse

Animoca Brands, advocating for digital rights in the open metaverse, has raised $10 million for the Mocaverse project. Last year, the company raised $31.88 million for developing cryptocurrency options, bringing the total funding to over $40 million. Notable investors in the latest round include OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital.

Mocaverse's Innovations and Goals

The funds will be used to accelerate the development of Mocaverse, which aims to drive mass crypto adoption with interoperable tools like the Realm SDK and Moca ID. The project's infrastructure includes a warrant for the native utility token MOCA Coin, with an implied fully diluted value of $1 billion, reinforcing a strong trajectory for Mocaverse’s long-term growth.

Impact of Strategic Partnerships

Strategic partnerships with major platforms will onboard millions of users to the Moca Network. They will further expand the project's reach and adoption of its Web3 solutions.

Strategic partnerships will significantly expand Moca's user base.

The substantial funding and strategic partnerships have laid a solid foundation for the long-term success and growth of the Mocaverse project, aimed at widespread cryptocurrency adoption.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Sees Significant RWA Inflows

chest

Solana has recorded $348 million in net inflows of real-world assets over the past 30 days, increasing its tokenized RWA value to $720 million.

user avatarMaria Gutierrez

Aave Governance Considers Emergency Powers to Protect Users

chest

Aave governance is considering a proposal to grant emergency powers to guardians to freeze vulnerable lending pools during security threats.

user avatarDavid Robinson

Router Protocol Users Must Move Assets During Grace Period

chest

Router Protocol users must take action during the grace period to bridge assets back to origin chains before relayer nodes are disconnected.

user avatarJacob Williams

Arbitrum Proposes Disqualification of Three DeFi Protocols from Future Grants

chest

A new governance proposal by Arbitrum aims to disqualify three DeFi protocols from future DAO grant allocations due to alleged reporting failures and misuse of prior incentives.

user avatarAndrew Smith

Router Protocol to Shut Down Crosschain Network and Burn 303 Million Tokens

chest

Router Protocol has announced a deprecation plan to shut down its crosschain messaging network and burn 303 million ROUTE tokens due to unsustainable maintenance costs.

user avatarZainab Kamara

Ripple Partners with Florida Athletics to Introduce Digital Asset Payments

chest

Ripple has partnered with Florida Athletics to allow fans to use XRP and RLUSD for ticketing and merchandise, enhancing payment experiences and promoting digital asset adoption.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.