Animoca Brands Corporation Limited has successfully secured US$20 million (approximately A$31.3 million) in funding. The company, known for its commitment to advancing digital property rights in gaming and the open metaverse, has garnered strong support from investors to accelerate its flagship project, Mocaverse.
A Boost from Leading Investors
The funding round, led by CMCC Global, brought together a diverse group of investors, including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), institutional investors of Koda Capital, and more. Yat Siu, the executive chairman and co-founder of Animoca Brands, also joined in the round, underlining his commitment to the project.
The Vision of Mocaverse
Mocaverse aims to revolutionize the gaming, culture, and entertainment industries by creating Web3-native tools. These tools empower users to construct their digital identities, accumulate reputation, earn and spend loyalty points, and access the Mocaverse ecosystem. This ecosystem is backed by Animoca Brands’ extensive portfolio and partner network, reaching over 700 million potential users.
Mocaverse represents the membership NFT collection at the heart of Animoca Brands’ expansive ecosystem. It serves as a symbolic representation of the company’s commitment to Web3 and digital property rights, encapsulating the values and diversity of its community.
Within Mocaverse, five distinct Moca tribes — Dreamers, Builders, Angels, Connectors, and Neo-Capitalists — come together to create a vibrant and collaborative community. While each tribe possesses unique abilities, the true magic emerges when they unite for a common purpose.
Holders of Mocaverse membership NFTs gain access to a wealth of utilities, co-created by the community, for the community. These utilities encompass opportunities for learning, playing, doing good, and building within the metaverse. Whether it’s exclusive game passes, educational resources, or opportunities to contribute to social causes, Mocaverse offers a multifaceted experience.
Details of the Raise
Animoca Brands utilized Simple Agreements for Future Equity (SAFEs) to raise the US$20 million, with automatic conversion to ordinary shares after six months. The precise number of new shares will be determined by the AUD:USD exchange rate at the time of settlement. As part of the raise, participating investors were granted a free-attaching utility token warrant on a 1:1 dollar basis with a 30-month vesting schedule.
Animoca Brands’ successful funding round marks a significant milestone in the journey towards a decentralized digital future. With Mocaverse at its core, this funding injection will undoubtedly drive innovation and growth across the Web3 landscape. As the project unfolds, it promises to reshape how we interact with digital identities, loyalty systems, and decentralized organizations.
About Animoca Brands
Animoca Brands stands at the forefront of digital entertainment, blockchain, and gamification. The company’s extensive portfolio includes original games and products featuring popular intellectual properties. With over 450 Web3 investments, Animoca Brands plays a pivotal role in advancing digital property rights and contributing to the open metaverse’s establishment.
Roi is an ardent writer specializing in GameFi, DeFi, and Web3, possesses extensive experience with renowned GameFi companies and crypto news platforms.