Foresight

Future

Equity

Realm

Polygon

Quick take: 
<ul> 
 <li>Animoca Brands has announced an additional $11.88 million for Mocaverse bringing the total raised for its Web3 loyalty project to $31.88 million.</li> 
 <li>This second tranche of funding was joined by Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs, and others.</li> 
 <li>The Web3 investment company raised $20 million in the first tranche, which was led by CMCC Global.</li> 
</ul> 
Animoca Brands has secured an additional $11.88 million in the second tranche of funding for Mocaverse. The round attracted participation from Block1, OKX Ventures, Foresight Ventures, Polygon Ventures and Dapper Labs among others. 
This latest fundraising brings the total raised to $31.88 million following the <a href="https://www.nftgators.com/animoca-brands-ramps-up-mocaverse-project-with-20m-funding-led-by-cmcc-global/">$20 million led by CMCC Global</a> in September. The company plans to use the latest funding to accelerate the development of digital identity and point system for <a href="https://www.nftgators.com/what-is-a-blockchain-game/">Web3 gaming</a>, culture, and entertainment in Mocaverse. 
Animoca Brands sees Mocaverse as the empowerment layer for Web3 culture and entertainment, as it seeks to facilitate seamless onboarding and growth for Web3 projects. Mocaverse has created the Web3 Frequent Player Program, a loyalty program powered by “Realm Points”. 
The project allows users to create their own digital identity, accrue reputation, and earn and spend Realm Points by engaging within the Mocaverse ecosystem. Mocaverse’s first members came from Animoca Brands’ 400 portfolio companies, which is currently a community of more than 700 million users. 
Mocaverse recently unveiled Moca ID, which will grant holders access to the Mocaverse ecosystem allowing them to earn through the Mocaverse Frequent Player Program. The points earned can be redeemed for exclusive access to real-life benefits and rewards from Animoca Brands and Mocaverse. 
Anomoca Brands has created the Mocaverse Web3 Frequent Player Program with interoperability in mind, allowing the system to be progressively decentralised to enable third-party adoption and integration of Moca ID. 
Like in the first tranche, the funds were raised via the issuance of new ordinary shares at a price per share of A$4.50, with the company granting investors a free-attaching utility token warrant on a 1:1 dollar basis. 
The company is issuing Simpmle Agreements for Future Equity (SAFE), which will be automatically converted to ordinary shares after six months. 
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The post <a href="https://www.nftgators.com/animoca-brands-secures-additional-11-88m-additional-funding-for-mocaverse/">Animoca Brands Secures Additional $11.88M Additional Funding for Mocaverse</a> appeared first on <a href="https://www.nftgators.com">NFTgators </a>.

Animoca Brands Secures Additional $11.88M Additional Funding for Mocaverse

NFTgators

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