Animoca said it raised $20 million in a funding round led by CMCC Global, participated by Kingsway Capital, Liberty City Ventures and GameFi Ventures.
Animoca said it has raised $20 million in a funding round led by CMCC Global, participated by Kingsway Capital, Liberty City Ventures and GameFi Ventures.
Animoca said today in a statement that it envisions Mocaverse as the identity and point system for web3 gaming, culture and entertainment. As part of the raise, Animoca has granted to the investors “a free-attaching utility token warrant on a 1:1 dollar basis,” according to the statement.Aniomca said that it plans to use the new capital to boost the Mocaverse project, which is expected to soon launch Moca ID — a non-transferrable NFT collection designed to enable users to craft their on-chain identities and participate in the Mocaverse ecosystem.
Yat Siu, Animoca Brand’s co-founder and executive chairman, who also participated in the round, said, “The ongoing evolution of the Internet involves a shift from hierarchical power structures to autonomous ones, and the DAO-based approach of Mocaverse ensures that its community will be focused on driving innovation and collaboration across the broader Animoca Brands ecosystem.”
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