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Animoca Brands Completes $10 Million Financing for Mocaverse, with Participation from OKX Ventures, CMCC Global, Hong Shan and Others
2024-11-12 06:08
Odaily News According to official news, Animoca Brands announced that it has completed $10 million in financing for its Mocaverse. This round of financing was participated by OKX Ventures, CMCC Global, Hong Shan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital, etc. It has previously raised $31.88 million in financing. The new funds will enable users to accelerate their goal of large-scale adoption and interoperability of Web3 by continuing to expand and build Mocaverse, an interoperable infrastructure layer for cryptocurrency accounts, identities and reputation systems adopted by consumers. This includes Realm SDK, an interoperable software development kit (SDK) that allows partners to create their own reputation-based ecosystems and provide corresponding application experiences that are interoperable with all ecosystems built on the Moca Network. At the same time, this investment comes with a free warrant for the utility token MOCA, which has an FDV of $1 billion.