November 12, 2024
Animoca Brands has announced a $10 million funding boost for its Mocaverse platform, aimed at accelerating growth in the Web3 space. Major investors, including OKX Ventures, CMCC Global, and Hong Shan (formerly Sequoia China), contributed to the round, bringing Mocaverse’s total funding to $41.88 million. The additional capital is set to improve Mocaverse’s infrastructure, with a focus on developing tools for wider consumer adoption of Web3 technology.
The latest investment will support Mocaverse’s work in building a flexible framework around user identity and engagement. Core components of this initiative include foundational systems for Account, Identity, and Reputation, intended to facilitate interconnected experiences across the decentralized platform. A key element of Mocaverse’s approach is the Realm SDK, a toolkit enabling partners to develop reputation-based applications, allowing various app experiences to easily integrate within the Mocaverse network.
Mocaverse’s expanding ecosystem already includes partnerships with Web3 projects like Pixels, BLOCKLORDS, and Trust Wallet, which have helped register 1.79 million Moca IDs and facilitated over 160 activations. New alliances with the Anime Foundation and MyAnimeList, with their combined reach of more than 218 million monthly users, as well as a planned integration with the TON Foundation and its 900 million Telegram user base, reflect Mocaverse’s ambition to widen its influence across the Web3 landscape.
About Mocaverse
Mocaverse is an interoperable infrastructure developed by Animoca Brands, designed to enhance Account, Identity, and Reputation systems within the digital ecosystem. It aims to empower users by enabling seamless interaction across Web3 platforms. Mocaverse leverages Animoca Brands' expertise in digital property rights and decentralized technologies to build a more open and connected digital economy.
Website: https://www.mocaverse.xyz/
X: @Moca_Network
About Investors
OKX Ventures
OKX Ventures, the investment arm of OKX, supports the growth of decentralized infrastructure through early-stage investments in blockchain and Web3 technologies worldwide.
Location: Seychelles
Website: https://www.okx.com/ventures
CMCC Global
CMCC Global invests in digital assets and blockchain technologies, supporting projects that contribute to a decentralized economy.
Location: Hong Kong / Toronto
Website: https://www.cmcc.vc/
Hong Shan
Hong Shan, previously Sequoia China, invests across blockchain and tech sectors, focusing on projects that advance Web3 innovation and expansion.
Location: China
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