Animoca Brands Raises $20M to Pursue ‘Single Native Web3 Project’ Mocaverse

Animoca Brands Raises $20M to Pursue ‘Single Native Web3 Project’ MocaverseCredit: Decrypt


11 days ago

A set of 8,888 NFTs will provide holders access to the company’s ecosystem and a chance to accumulate loyalty points.

Despite cooling interest in the metaverse, Animoca Brands has closed a $20 million funding round, primarily targeting the introduction of metaverse project The Mocaverse. Central to this metaverse i…

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Animoca Brands, a Hong Kong-based mobile gaming and entertainment company, announced that it has raised $20 million in a strategic round of financing to pursue its “single native Web3 project” Mocaverse. The round was led by venture capital firm MindFund, with participation from True Global Ventures, Terra Ventures, and 500 Startups. The company plans to use the funds to continue to build out the Mocaverse platform, which is designed to create a single, fully integrated, Web3-native metaverse. Through the platform, users can access and interact with a variety of virtual worlds, including gaming, entertainment, and social experiences. The company also hopes to use the funds to further develop its portfolio of blockchain-based products, such as its recently launched Decentraland-based game, Axie Infinity.

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Frequently asked questions

What is Animoca Brands?

Animoca Brands is a technology company specializing in digital entertainment products and services, with a focus on games and sports.

What is the purpose of the $20M raised?

The $20M raised by Animoca Brands will be used to pursue the development of its 'Single Native Web3 Project' Mocaverse.

What is Mocaverse?

Mocaverse is an open-world gaming experience that utilizes blockchain and non-fungible tokens (NFTs) to enable users to collect, trade, and engage with digital assets.

What are non-fungible tokens (NFTs)?

Non-fungible tokens (NFTs) are unique digital assets that are stored on a blockchain, and they represent ownership of a digital item. They are not interchangeable or divisible like cryptocurrency, and can be used to represent digital items such as artwork, collectibles, and in-game items.

What is Landindex?

Landindex is the world’s most trusted and accurate source for Metaverse market information, pricing, and data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics. Landindex is a U.S. company registered in the United States of America. Landindex has been the premier price-tracking website for Metaverse sales and acquisitions, including those in the Metaverse. It is the most referenced and trusted source for comparing thousands of land properties, including those within Metaverse, in the real estate space by users, institutions, and media. Landindex firmly stands for accurate, timely, and unbiased information, enabling each end user to draw their own informed conclusions from Landindex data, including Metaverse analytics, Metaverse land price, Metaverse floor price, and Metaverse statistics.

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