Mocaverse is the flagship Web 3.0 project of Animoca Brands. The project is positioned to drive consumer adoption of cryptocurrency. According to the article, Animoca Brands secured an additional $10 million for Mocaverse. The funding is described as aimed at boosting consumer crypto adoption. The article does not provide operating metrics or further financial details. Mocaverse is positioned as an interoperable meta experience layer for Web3 identity, social, and growth, with a focus on a loyalty system called the Web3 Frequent Player Program. It centers on Moca ID, a digital passport that lets users earn, accrue reputation, and redeem Realm Points for exclusive benefits. The program is intended to be permissionless and progressively decentralized to enable third‑party adoption and integration of Moca ID. Mocaverse is seeded by Animoca Brands’ network, citing more than 400 portfolio companies and a partner network with over 700 million addressable users. The project has received staged funding from Animoca Brands, including a previously announced US$20.0 million tranche and an additional US$11,888,888 tranche, with capital issued via new ordinary shares at A$4.50 per share and accompanying token warrants. Participating investors in the recent tranche included Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs and others. Mocaverse is Animoca Brands' flagship membership NFT collection of 8,888 unique beings called 'The Mocas.' The project focuses on building tools to empower products in gaming, culture, and entertainment verticals and to enable users to create digital identities, collect reputation, and earn and spend loyalty points. Animoca Brands announced a $20 million raise to accelerate Mocaverse and advance product development. Planned initiatives include launching Moda ID, a non‑transferrable NFT collection designed to let users develop their on‑chain identities and participate in the Mocaverse ecosystem. The funds will also be used to facilitate Web3 adoption and secure partnerships to expand the gaming, culture, and entertainment ecosystem tied to Animoca Brands' portfolio. The project is positioned as part of Animoca Brands' broader Web3 investment strategy.

Total raised

$42M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2024