Animoca Brands Secures $20 Million in Funding for Mocaverse Project
Animoca Brands, an entertainment company based in Hong Kong, has recently announced that it has received $20 million in funding for its latest project, Mocaverse. This project is a web3 platform that combines blockchain, NFTs, and artificial intelligence technologies to cater to the gaming, cultural, and entertainment industries.
Investment Led by CMCC Global and Supported by Prominent Web3 Investors
The funding round for Mocaverse was led by CMCC Global, a venture company focusing on blockchain and web3 investments. Additionally, several prominent investors in the web3 space, including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Alexander Larsen (co-founder of Skye Mavis), and Gabe Dizon (co-founder of Return Guild Games), also participated in the round.
Immersive and Interactive Experiences on Mocaverse Platform
Mocaverse aims to provide users with a range of immersive and interactive experiences, including games, NFTs, virtual reality, and social media. Users will have the ability to own and trade their digital assets and characters on the blockchain.
Utilizing the Funding for Platform Development and Strategic Partnerships
The $20 million funding secured by Animoca Brands will be utilized to develop and launch the Mocaverse platform. Additionally, the company plans to establish strategic partnerships and expand its presence in the global web3 market.
Recent Developments of Animoca Brands
Animoca Brands is a leading digital entertainment company specializing in blockchain, gaming, and artificial intelligence technologies. Headquartered in Hong Kong, the company has a global presence with offices in Australia, Canada, and the United States.
Diversified Portfolio of Products and Services
Animoca Brands offers a diverse portfolio of products and services that cater to various segments of the digital entertainment market. The company is renowned for its work in mobile games, NFTs, and virtual reality. Popular products from Animoca Brands include F1 Delta Time, The Sandbox, Crazy Kings, Crazy Defense Heroes, Gamee, Quidd, Lympo, and REVV.
Integration of Blockchain in Games
Since 2018, Animoca Brands has been integrating blockchain technology into its games. This integration allows users to have real ownership and value in their in-game items and characters, enabling them to trade these assets on various markets.
Partnerships with Leading Trademarks and Intellectual Property
Animoca Brands has collaborated with multiple trademarks and intellectual property owners to create collectible NFTs. Some of the notable partners of the company include Formula 1, MotoGP, Marvel Comics, Atari, Manchester City FC, Bayern München FC, Dapper Labs (CryptoKitties), and others.
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