1. BITBILIHome
  2. Article

Mocaverse secures $20M funding from Animoca Brands

• 26 views

TL;DR Breakdown

  • Animoca Brands has announced a $20 million funding round for its Mocaverse project.
  • Mocaverse aims to serve as the digital identity and point system for web3 gaming.
  • Moca ID holders will have exclusive access to the Mocaverse ecosystem and can earn loyalty points through active participation.

 

Description

In a significant move that underscores its commitment to the future of web3 gaming and entertainment, Hong Kong-based Animoca Brands announced a $20 million funding round for its Mocaverse project. The investment aims to accelerate the development of web3-native tools designed to revolutionize the gaming and entertainment sectors. The funding round drew attention from its … Read more

In a significant move that underscores its commitment to the future of web3 gaming and entertainment, Hong Kong-based Animoca Brands announced a $20 million funding round for its Mocaverse project. The investment aims to accelerate the development of web3-native tools designed to revolutionize the gaming and entertainment sectors.

The funding round drew attention from its high-profile backers. Leading the charge was CMCC Global, joined by Kingsway Capital, Liberty City Ventures, and GameFi Ventures. Notable industry figures like Aleksander Larsen, co-founder of Sky Mavis, and Gabby Dizon, founder of Yield Guild Games, also threw their weight behind the initiative.

Animoca Brands has ambitious plans for Mocaverse. The project aims to serve as the digital identity and point system for web3 gaming, culture, and entertainment. According to the company, Mocaverse is not just a project but an ecosystem. It will soon introduce Moca ID, a unique, non-transferrable NFT collection. This collection allows users to create their on-chain identities and actively engage with the Mocaverse ecosystem.

For those who hold a Moca ID, the perks are plenty. They will gain exclusive access to various experiences within the Mocaverse ecosystem and have the chance to earn loyalty points through active participation.

Yat Siu, Animoca Brand’s co-founder and executive chairman, who also invested in the round, spoke about the transformative potential of Mocaverse. He emphasized that the project aligns with the broader shifts happening on the Internet. “The Internet is evolving from hierarchical power structures to more autonomous ones,” Siu said. “Mocaverse, with its DAO-based approach, aims to drive innovation and collaboration across the Animoca Brands ecosystem.”

Siu also highlighted the broader applications of Mocaverse. He noted that the project would serve as other decentralized organizations’ digital identity, reputation, and loyalty systems. Doing so will empower users to tap into new economic opportunities and participate in a vibrant community.

The announcement comes when the web3 space is gaining traction, and Animoca Brands is positioning itself as a key player in this emerging landscape. With this investment, the company is not just funding a project; it’s investing in a vision for a more decentralized and user-centric digital world.

The $20 million investment in Mocaverse is pivotal for Animoca Brands and the Web3 community. It sets the stage for a new era of gaming and entertainment, one where users are not just consumers but active participants in shaping their digital experiences.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Mocaverse secures $20M funding from Animoca Brands

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月12日 02:17
Next 2023年9月12日 03:26

Related articles

  • McCarthy blames Washington’s spending for tax hikes

    TL;DR Breakdown House Speaker Kevin McCarthy blames over-spending, not insufficient revenue, for tax hikes. He holds steadfast against raising taxes, and suggests a spending cap instead. During a meeting with President Biden, the White House Speaker reiterated opposition to a “clean debt ceiling bill” and defense spending caps. In an emphatic stand for fiscal conservatism, House Speaker Kevin McCarthy has pointed to unrestrained governmental expenditure as the primary driver for tax hikes. Consistently maintaining his stance against rising tax rates, McCarthy is striving to curtail Washington’s mounting spending habits. McCarthy’s candid message In a straightforward video message, McCarthy emphasized that there is no shortage of revenue streaming into the government. Instead, he persuasively argued, the crux of the problem is the escalating level of spending that has touched unparalleled heights in contemporary history. Rather than resorting to higher taxes to top up the Treasury, the Speaker firmly underscored the urgent need to keep a check on the spending. He maintained that currently, government revenue is higher than the 50-year average and has been higher only twice in history. However, he…

    Article 2023年5月25日

  • Marathon’s Bitcoin mining suffered a slight declined in August

    TL;DR Breakdown Marathon Digital has announced that its Bitcoin production declined by 9% last month. Future expansion plans and financial milestones. Description In August 2023, Marathon Digital Holdings, a United States-based cryptocurrency mining operator, achieved significant milestones in its operations. The company produced 1,072 Bitcoin during the month, marking a 9% decrease from July but an impressive fivefold increase compared to August 2022. The firm recently shared unaudited BTC production and miner installation updates for August, providing … Read more In August 2023, Marathon Digital Holdings, a United States-based cryptocurrency mining operator, achieved significant milestones in its operations. The company produced 1,072 Bitcoin during the month, marking a 9% decrease from July but an impressive fivefold increase compared to August 2022. The firm recently shared unaudited BTC production and miner installation updates for August, providing insights into its growth and plans. Marathon Digital shares August BTC production figures One of the key highlights was the company’s continuous efforts to expand its mining capabilities in the United States. During August, Marathon increased its U.S. operational hash rate by 2%, reaching a…

    Article 2023年9月7日

  • Litecoin price analysis: LTC recedes to $92 after rejection

    TL;DR Breakdown Litecoin price analysis shows strong resistance at $93.8.Possible decrease in LTC’s market value suspected.The current support level is at $91.3. The latest Litecoin price analysis shows a bearish trend despite its efforts to surpass the $92.8 resistance. In the past few hours, the price has faced rejection at this level, resulting in a continuous downward drift. Sellers’ pressure has pushed the price down to $92.1, with red candlesticks dominating the current graph. Litecoin price: Daily chart gives bearish signals for the market Based on the 1-day price chart for Litecoin price analysis, it becomes apparent that bulls and bears have engaged in intense competition over the past couple of days. The coin experienced a robust bullish trend, reaching its highest point at $93.8 on May 17, 2023, accompanied by substantial value growth. However, maintaining the $93 level has posed challenges, resulting in the current price decline to $92.15. The return of selling pressure today has further contributed to the downward movement. LTC/USD 1-day price chart. Source: TradingView A comprehensive assessment of the Bollinger bands reveals an average value of…

    Article 2023年5月22日

  • EU and US join forces for AI standards interim solution

    TL;DR Breakdown The European Union (EU) and the United States are joining forces to address the need for minimum AI standards as new comprehensive AI legislation is being developed. The EU’s forthcoming AI Act could be the world’s first comprehensive AI legislation, but it may take one to two years to be fully implemented. The fourth ministerial-level meeting of the Trade and Technology Council (TTC) will discuss generative AI algorithms and the need for regulatory oversight. In an unprecedented move towards global collaboration in the realm of artificial intelligence (AI), the European Union (EU) and the United States are jointly addressing the pressing need for an interim solution to AI standards. The call for an expeditious response comes as new legislation governing the use of AI is on the horizon but has yet to be formalized and enacted. Establishing AI standards: A global imperative Margrethe Vestager, the EU’s tech czar and Vice-President of the European Commission, stressed on the urgency to establish minimum standards to bridge the gap until the new laws take effect. The forthcoming AI Act from the…

    Article 2023年5月25日

  • Cardano’s Light Wallet Lace Receives Crucial Updates, Bolstering Security and Usability

    TL;DR Breakdown Cardano’s in-house developers have given the Lace light wallet a significant facelift, focusing on enhancing security and usability for users. The updates include increased end-to-end test automation coverage, refined UI flow for multi-delegation, and load tests to improve the wallet’s performance and scalability. Description Cardano, one of the leading blockchain networks in the Web 3.0 space, has recently unveiled significant updates to its first decentralized light wallet, Lace. Developed by Cardano’s in-house team at Input Output Hong Kong, the Lace wallet was introduced earlier this year as a highly functional and user-friendly Web 3.0 wallet. With the aim of … Read more Cardano, one of the leading blockchain networks in the Web 3.0 space, has recently unveiled significant updates to its first decentralized light wallet, Lace. Developed by Cardano’s in-house team at Input Output Hong Kong, the Lace wallet was introduced earlier this year as a highly functional and user-friendly Web 3.0 wallet. With the aim of providing a seamless experience for users within and beyond the Cardano ecosystem, the recent updates to Lace promise enhanced security features…

    Article 2023年7月22日
TOP