Animoca Brands raises $20M for Mocaverse Web3 project

Animoca Brands raises $20M for Mocaverse Web3 projectCredit: VentureBeat


13 days ago

Animoca Brands, a big advocate of the Web3 open metaverse, said it raised $20 million for its flagship project, Mocaverse.

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Animoca Brands, a Hong Kong-based mobile game developer and publisher, has raised $20 million from venture capital firms and a consortium of major game companies. The new funding is said to be used by the company to help develop its Mocaverse Web3 project, a blockchain-based gaming platform that will allow developers to build and launch decentralized games. The platform will leverage blockchain technology to offer new features such as in-game asset ownership, secure gaming networks, and NFTs (non-fungible tokens). With the new funding, Animoca Brands is looking to build an expansive Web3 gaming ecosystem that will revolutionize the gaming industry.

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Frequently asked questions

What is the Mocaverse Web3 project?

The Mocaverse Web3 project is an initiative by Animoca Brands to develop a blockchain-based game platform with user-generated content and non-fungible tokens.

How much funding did Animoca Brands receive for the Mocaverse Web3 project?

Animoca Brands received $20M in funding for the Mocaverse Web3 project.

What type of content can be created on the Mocaverse Web3 platform?

The Mocaverse Web3 platform enables users to create and share games, art, and stories with others on the platform.

How will the funding be used for the Mocaverse Web3 project?

The funding will be used to develop and launch the Mocaverse Web3 platform, as well as to expand the team and acquire additional resources to support the project.

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