Following a recent $20 million funding round, Animoca Brands has raised another $11.88 million to improve its Metaverse, mocaverse. Now, the developers behind the virtual space have a total of $31.88 million to strengthen the ecosystem's points system and the digital identity adapted to Web3.
Driven by the issuance of Animoca Brands ordinary shares at a rate of A$4.50 each, the latest funding round saw participation from numerous prominent investors including OKX Ventures, Polygon Ventures, Dapper Labs, Block1 and Foresight Ventures , among others.
Additionally, to attract these investors, each capital raising phase gave funders a token free profit guarantee, reflecting the dollar value of their investments.
We are pleased to announce that we have raised an additional $11.88 million for @MocaverseNFT build the digital identity and the points system to #web3 #gamingculture and entertainment. Full details: https://t.co/g4GXNp1NEB pic.twitter.com/yCt5wfmPET
– Animoca Brands (@animocabrands) December 8, 2023
A new era for Mocaverse
Mocaverse is supported by the broad range of more than 400 companies and partners in Animoca Brands' portfolio, expanding its reach to more than 700 million users. Users of the Metaverse, famous for its “Web3 Frequent Player Program,” generally enjoy exploring the thriving ecosystem to create their own virtual identities and earn and spend “Realm Points” for real-life rewards and perks.
Now that the Animoca team has $31.88 million to play with, users can anticipate a more immersive and robust Mocaverse than before. The platform's mission is to solidify its stance on gaming, entertainment, and blockchain culture. It aims to achieve these goals by making its points system more dynamic and integrated than ever.
As Mocaverse grows, it continues to be a leader in defining the future of virtual gaming and community engagement in the ever-expanding Web3 space. Be sure to stay tuned for new and intriguing trailers.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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