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Animoca Brands, a prominent Hong Kong-based game software company, has <a href="https://thecoinrise.com/animoca-brands-reports-over-2b-in-cash-and-tokens/" rel="noopener noreferrer nofollow">secured millions of dollars in fresh funding</a> for its Web3 platform, Mocaverse.&nbsp;
This new financial infusion comes just months after the platform joined forces with the TON Foundation for a $20 million initiative. The timing couldn’t be better as Mocaverse aims to accelerate the growth of decentralized ecosystems.
<h2 id="b-a-strategic-funding-round-to-propel-mocaverse-b">A Strategic Funding Round to Propel Mocaverse</h2>
On November 12, Animoca Brands announced a successful $10 million funding round for Mocaverse, with notable investors including OKX Ventures, CMCC Global, Kingsway Capital, and Republic Crypto.&nbsp;
This fresh capital will be crucial for accelerating the adoption of Web3 and expanding Mocaverse’s infrastructure.
Mocaverse’s core focus will be implementing a comprehensive system including account, identity, and reputation management. These areas are key components for enabling a truly interoperable Web3 experience.
As part of its efforts, the platform will launch the Realm SDK, a toolkit that enables companies to create custom reputation-based ecosystems.&nbsp;
These ecosystems will seamlessly interact with all projects built on the Moca Network, facilitating smoother integration across Web3.&nbsp;
This latest funding <a href="https://thecoinrise.com/animoca-brands-raises-20m-for-its-mocaverse-project/" rel="noopener noreferrer nofollow">follows an impressive $31.88 million raised by the software firm in 2023.</a>
<h2 id="b-details-of-the-animoca-brands-funding-structure-b">Details of the Animoca Brands Funding Structure</h2>
Animoca will issue Simple Agreements for Future Equity (SAFEs) with professional investors in the funding round. These SAFEs will convert to ordinary shares in six months. The number of shares issued will depend on the exchange rate between the AUD and USD at settlement.
Investors will also receive a bonus warrant for MOCA Coin, a utility token with an implied valuation of $1 billion.
Animoca Brands has laid the groundwork for a stronger, more interoperable Web3 ecosystem with this strategic funding round. As Mocaverse continues to evolve, the future looks increasingly decentralized, interconnected, and investor-driven.
<h2 id="b-mocaverse-strengthens-partnerships-for-growth-b">Mocaverse Strengthens Partnerships for Growth</h2>
Interestingly, Mocaverse is not only focused on developing technology; its game plan also includes building lasting relationships within various industries.
The platform has partnered with major industry players such as One Football, Anime Foundation, and MyAnimeList. This strategic partnership aims to make a meaningful impact across different industries and sectors.&nbsp;
The fresh injection of capital aims to push Mocaverse further along its journey of creating a decentralized and interconnected future.
<a href="https://thecoinrise.com/animoca-brands-ceo-believes-nfts-to-be-a-new-way-to-preserve-culture/" rel="noopener noreferrer nofollow">Animoca Brands co-founder Yat Siu</a> expressed his excitement about the funding round. He emphasized the importance of decentralization and shared network effects in advancing Web3.&nbsp;
He emphasized that the investment will advance the platform’s digital property rights, interoperability, and the evolution of a more equitable, decentralized Internet.
The post <a href="https://thecoinrise.com/animoca-brands-to-boost-web3-growth-with-new-10m-fund/" rel="noopener noreferrer nofollow">Animoca Brands To Boost Web3 Growth with New $10M Fund</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Animoca Brands To Boost Web3 Growth with New $10M Fund

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