Animoca Brands Raises $10M to Power Mocaverse and Drive the Future of NFT-based Entertainment
Animoca Brands Corporation Limited, a global Web3 leader focused on digital property rights and blockchain-based entertainment, has secured an additional $10 million to expand Mocaverse, its flagship Web3 platform.
This latest funding round, which adds to the previous $31.88 million investment announced last year, brings together high-profile participants like OKX Ventures, CMCC Global, and HongShan (formerly Sequoia China), with the collective aim of scaling Mocaverse’s interoperable technology for mass consumer crypto adoption.
With this new capital, Animoca Brands plans to supercharge Mocaverse's development to further position the platform as an interoperable infrastructure layer for identity, reputation, and account systems within Web3. Core to this vision is the MOCA Coin utility token, offering investors a unique, free-attaching warrant at a valuation of $1 billion FDV, underscoring its substantial growth potential.
Expanding Web3 Horizons with Mocaverse
Mocaverse's Realm SDK sits at the heart of this expansion, providing an interoperable toolkit that enables partners to create ecosystems integrated across the Mocaverse platform.
Since its debut, Moca ID has seen widespread adoption, amassing 1.79 million registrations and over 160 partner driven Web3 activations with leading names like Trust Wallet, OKX Wallet, and others.
According to Yat Siu, Animoca Brands’ co-founder and executive chairman, Mocaverse serves as an essential bridge to mainstream crypto adoption.
Envisioning a Network of Cultural Ecosystems
Mocaverse’s growth strategy includes integrating large-scale ecosystems through key partnerships, with recent alliances across diverse sectors.
Mocaverse’s new Anime Foundation, MyAnimeList, and One Football partnerships aim to onboard millions of new users, capitalizing on the 218+ million monthly active users from these brands alone.
Additionally, Mocaverse’s collaboration with the TON Foundation has the potential to onboard hundreds of millions of users from Telegram Messenger through cultural hubs like gaming, sports, and entertainment, effectively creating a cross-platform network that spans multiple interests and demographics.
Investor Confidence and Vision for Mocaverse
Jeff Ren, partner at OKX Ventures, praised Mocaverse as a forward-looking investment that aligns with the future of digital ecosystems. “Mocaverse integrates various cultural economies, maximizing Web3’s network effects,” Ren stated. “OKX Ventures is thrilled to participate in advancing Web3 and exploring innovative solutions within Mocaverse.”
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Similarly, CMCC Global’s co-founder Martin Baumann expressed optimism about Animoca Brands’ ability to drive blockchain innovation in consumer applications. “Yat Siu and his team have an unmatched record of pioneering applications in blockchain and the metaverse. Mocaverse has become CMCC Global’s largest investment, and we’re excited to support this next wave of consumer-focused Web3 technology,” said Baumann.
The $10 million raised was secured through Simple Agreements for Future Equity (SAFEs), with shares to be converted to ordinary stock after six months. Investors also received MOCA Coin utility token warrants at $0.113 per token, enabling long-term participation in the platform’s growth.
