Animoca Brands raises US$20 million to boost Mocaverse

Animoca Brands, a Hong Kong-based software and investment giant specializing in blockchain entertainment, announced Monday that it has raised $20 million to support the development of Mocaverse, its flagship project to build a decentralized metaverse. to accelerate.

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Brief information

  • The new capital will be used to develop Mocaverse’s core infrastructure, such as its digital identity system and loyalty program. In addition, the aim is to attract new partners and expand the reach of the project.
  • The funding round was led by Hong Kong-based venture capital firm CMCC Global along with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Sky Mavis founder Aleksander Larsen, Yield Guild Games founder Gabby Dizon and institutional investors from Koda Kapital.
  • Mocaverse is a decentralized metaverse designed to give users the ability to create their own digital identities, build reputation, and earn and spend loyalty points. It will also serve as a platform for users to access a variety of blockchain-based games, applications and services.
  • Mocaverse will soon launch Moca ID, a non-transferable NFT collection that allows users to create their own on-chain identities. Moca ID holders are expected to receive exclusive access to certain Metaverse features and the opportunity to earn loyalty points through active engagement.
  • “Mocaverse not only allows users to participate in a vibrant community that creates new economic opportunities, but will also serve as a digital identity, reputation and loyalty system for other decentralized organizations,” said Animoca chairman and co-founder Yat Siu in the press release Press release.

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TaraSubramaniam is a Dailynationtoday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. TaraSubramaniam joined Dailynationtoday in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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