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Animoca Brands announced on Monday that it has raised $20 million for its Mocaverse project, an initiative to develop a decentralized, blockchain-based virtual universe. The project will involve the creation of decentralized applications, or “DApps,” based on the Ethereum blockchain and will integrate gaming, virtual reality, and other interactive entertainment experiences. The Mocaverse project will also include features such as in-game asset trading, digital marketplaces, and other social and economic activities for users. The project will also leverage Animoca Brands' existing portfolio of games and intellectual property, including popular titles such as Crazy Kings, The Sandbox, and Crazy Defense Heroes. The company is currently in the process of launching its first game, The Sandbox Evolution, which is set to be released on the Ethereum blockchain later this year.
The Mocaverse project is an initiative from Animoca Brands to create a decentralized gaming app platform using blockchain technology.
The purpose of the Mocaverse project is to create a secure and transparent platform for decentralized gaming applications.
Animoca Brands raised $20 million for the Mocaverse project.
Animoca Brands is the primary investor in the Mocaverse project, but other investors include SBI Investment, GMO Global Payment Fund, and Dentsu Inc.
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