Animoca Brands Corporation Limited, a Hong Kong-based company that operates in the gaming and open metaverse sector, has recently secured an additional investment of $11.88 million for its Mocaverse project. This follows a previous announcement of $20 million in funding and highlights a major achievement for the company’s expansion in the field of digital property rights.
This latest funding round saw participation from several key investors, including Block1, OKEx Ventures, Foresight Ventures, Polygon Ventures, and Dapper Labs. These contributions demonstrate the growing confidence in Animoca Brands’ vision for the Mocaverse, an innovative non-fungible token (NFT) collection.
To facilitate this funding, Animoca Brands issued new ordinary shares at a price of AUD 4.50 ($2.98) each. Additionally, investors from both tranches were awarded a utility token warrant, attached on a one-to-one dollar basis, further incentivizing their investment in the Mocaverse project.
The company views this new funding as a testament to Mocaverse’s potential to shape the future of Web3 culture and entertainment. Animoca Brands envisions Mocaverse as a pivotal empowerment layer, designed to simplify the onboarding process and support the growth of various Web3 projects.
A significant part of this vision involves the development of the Web3 Frequent Player Program. This loyalty system, powered by Mokaverse Loyalty Points (Realm Points), aims to create an interoperable meta-experience layer for Web3 identities, social interaction, and development.