Animoca Brands Secures $20M To Expand Mocaverse Web3 Identity Project.

Animoca Brands Secures $20M To Expand Mocaverse Web3 Identity Project.


Published Monday 11th September 2023

Animoca Brands, a leading blockchain gaming and non-fungible token (NFT) company, has recently announced that it has secured $20 million in funding to further expand its Mocaverse project. The funding round was led by CMCC Global, a venture capital firm specializing in blockchain technology, and included participation from Kingsway Capital, Liberty City Ventures, and GameFi Ventures. This significant investment will enable Animoca Brands to advance its web3 identity project, Mocaverse, which aims to revolutionize gaming and entertainment services.

Mocaverse is a groundbreaking initiative by Animoca Brands that leverages blockchain technology and NFTs to create a decentralized metaverse for gaming and entertainment. The project aims to provide users with a seamless and interconnected experience across various virtual worlds, allowing them to access and transfer their digital assets, identities, and achievements across different platforms. By bridging the gap between different games and virtual environments, Mocaverse seeks to enhance the overall gaming experience and empower users with true ownership and control over their virtual assets.

The $20 million funding secured by Animoca Brands will be instrumental in accelerating the development and expansion of the Mocaverse project. The company plans to utilize the funds to further enhance the web3 identity infrastructure, build partnerships with leading gaming and entertainment platforms, and onboard more developers and creators onto the Mocaverse ecosystem. This investment will enable Animoca Brands to scale its operations and realize its vision of a decentralized metaverse that offers seamless cross-platform experiences and true asset ownership for users.

CMCC Global, one of the lead investors in the funding round, has expressed confidence in Animoca Brands and its Mocaverse project. CMCC Global is known for its expertise in blockchain technology and its strong track record of successful investments in the crypto and gaming sectors. With this partnership, Animoca Brands will be able to leverage CMCC Global's industry knowledge and network to further propel the development and adoption of Mocaverse.

Furthermore, the involvement of other prominent investors such as Kingsway Capital, Liberty City Ventures, and GameFi Ventures underscores the growing interest and support for blockchain-based gaming and virtual worlds. These investors recognize the immense potential of Mocaverse and the transformative impact it can have on the gaming and entertainment industry. The funding not only validates Animoca Brands' vision and strategy but also provides the necessary financial resources to realize its ambitious goals.

In conclusion, the $20 million funding secured by Animoca Brands is a significant milestone that will enable the company to advance its Mocaverse project and revolutionize the gaming and entertainment landscape. The web3 identity project has the potential to reshape the way gamers interact with virtual worlds by providing seamless cross-platform experiences and true asset ownership. With the support of CMCC Global, Kingsway Capital, Liberty City Ventures, and GameFi Ventures, Animoca Brands is well-positioned to drive the development and adoption of Mocaverse and pave the way for the future of gaming.

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