Animoca Brands, a leading Metaverse development company, announced on November 12, 2024, the successful closure of a $10 million funding round for its flagship project, Mocaverse. The investment was secured from prominent ventures including OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Digital, Decima Fund, Kingsway Capital, and other significant investors.
The funding round was conducted through Simple Agreements for Future Equity (SAFEs), allowing investors to contribute capital in exchange for future equity in Animoca Brands. The terms of the agreement outline a $10 million investment at a share price of $4.5. Furthermore, Animoca Brands disclosed that investors will receive MOCA tokens over a 30-month period, with a fully diluted valuation (FDV) of $1 billion.
This recent investment follows two previous successful funding rounds for Mocaverse:
- September 10, 2023: $20 million raised from investors like CMCC Global, Kingsway Capital, and various partners.
- December 8, 2023: $11.89 million secured from OKX Ventures, Dapp Labs, P2 Ventures, and others.
With this latest funding, Animoca Brands aims to accelerate Mocaverse’s development and broaden its reach within the global cryptocurrency community and market.
Earlier in 2024, Mocaverse launched Moca ID, an on-chain identity solution within its ecosystem. Moca ID has been deployed across several large communities, including the Anime Foundation, with exclusive identities like Anime ID and Football ID.
Mocaverse ID provides access to the Mocaverse ecosystem.
Currently, Mocaverse is collaborating with the Ton Foundation to tap into the vast user base on Telegram. This partnership aims to leverage Telegram’s extensive network to expand Mocaverse’s user base and strengthen its presence in the Web3 space.
mocaverse hợp tác với ton
Mocaverse partners with Ton Foundation to expand reach.
“We are thrilled to invest in Mocaverse, a core project for Animoca Brands’ vast ecosystem,” said Jeff Ren, Partner at OKX Ventures. “By building an easily compatible infrastructure layer for dApps, Mocaverse has integrated a diverse range of economic models and optimized the network effect of its partners. We are also excited to establish a strategic partnership between OKX Wallet, Mocaverse, and X Layer – OKX’s Layer 1.”
Martin Baumann, Co-founder and Managing Partner at CMCC Global, added, “Animoca Brands is a pioneering enterprise in developing blockchain applications in Asia. At CMCC Global, we’ve invested in successful blockchain projects from very early stages, mostly in Seed rounds. We believe the next wave will propel Animoca Brands and Mocaverse to become market leaders. That’s why Mocaverse has become CMCC Global’s largest investment to date.”
“With Mocaverse, we are realizing the Web3 ethos of interoperability, fostering decentralization and a distributed future,” stated Yat Siu, Co-founder and Executive Chairman of Animoca Brands. “The participation of these significant and reputable investors in this funding round is a great honor for us.”
This latest funding round underscores the confidence investors have in Mocaverse’s potential and Animoca Brands’ vision for the future of the Metaverse. The strategic partnerships and continuous development efforts position Mocaverse for significant growth and solidify its position as a key player in the evolving Web3 landscape.
