Animoca Brands has achieved a significant milestone in the Web3-native gaming and entertainment arena by securing $20 million in the inaugural funding round for Mocaverse. Led by CMCC Global, this investment marks a pivotal moment for Mocaverse, which is dedicated to crafting innovative Web3 tools that enhance products in the gaming and entertainment sectors.
Animoca raised these funds by issuing new ordinary shares in the form of Simple Agreements for Future Equity (SAFEs). These SAFE shares will undergo automatic conversion into ordinary shares after a six-month period, with the number of new shares determined based on the AUD: USD exchange rate at settlement.
Currently, Animoca has 1,910,074,127 outstanding fully paid ordinary shares. As part of this fundraising endeavor, participating investors receive a utility token warrant, attainable at a nominal cost on a 1:1 dollar basis, subject to a 30-month vesting schedule.
Leading the Investment Charge
CMCC Global, led by co-founder Martin Baumann, expressed excitement about spearheading this initial round of funding into Mocaverse, emphasizing their enduring partnership with Animoca Brands.
A myriad of entities participated in this funding round, including Kingsway Capital, Liberty City Ventures, GameFi Ventures, and prominent figures in the crypto and gaming space like Aleksander Larsen (founder of Sky Mavis) and Gabby Dizon (founder of Yield Guild Games). Institutional investors from Koda Capital also joined the round, with active involvement from Yat Siu, the executive chairman and co-founder of Animoca Brands.
Fueling Mocaverse’s Vision
With the newly acquired capital, Animoca Brands is poised to drive the Mocaverse project forward. Key objectives include advancing product development, accelerating the adoption of Web3 technology, and forging strategic alliances to expand its already substantial Web3 investment portfolio.
Mocaverse’s core mission revolves around creating Web3-native tools that empower the gaming, culture, and entertainment sectors. These tools aim to facilitate the establishment of digital identities, reputation building, loyalty point accrual, and access to the Mocaverse ecosystem through digital profiles.
A significant development within the Mocaverse ecosystem is the impending launch of Moca ID, a collection of non-transferrable NFTs (non-fungible tokens). Moca ID will enable users to forge on-chain identities and engage with the Mocaverse ecosystem. Holders of Moca ID will enjoy exclusive access to various experiences within the ecosystem and have the unique opportunity to earn loyalty points through active participation.
Animoca’s Web3 Innovations
Animoca Brands has garnered a reputation for pushing the envelope in the Web3 space. With a diverse product portfolio ranging from original games to collaborations with renowned IPs like Disney, WWE, Snoop Dogg, and The Walking Dead, Animoca continues to innovate. The company boasts over 450 subsidiaries and a portfolio of more than 450 Web3 investments, including projects like Colossal, Axie Infinity, OpenSea, NBA Top Shot by Dapper Labs, Yield Guild Games, Harmony, Alien Worlds, Star Atlas, TinyTap, and more. Animoca’s influence extends to a partner network with over 700 million addressable users, cementing its position as a prominent player in the Web3 ecosystem.
