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Crypto & Web3

Animoca Brands Secures $10M for Mocaverse Web3 Infrastructure Expansion

Nicole Kristine Jovero
Last updated: November 18, 2024 1:00 am
Nicole Kristine Jovero
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  • Animoca secures additional $10M to expand Web3 infrastructure development
  • Platform targets mass crypto adoption through identity and reputation systems
  • Strategic partnerships position access to over 1.1 billion potential users

Contents
Strategic Investment RoundMass Adoption InfrastructureMassive User Base Integration

Strategic Investment Round

Hong Kong’s Animoca Brands raises additional $10 million for Mocaverse, bringing total investment to $41.88 million.

The funding includes participation from major players OKX Ventures, CMCC Global, and HongShan (formerly Sequoia China), featuring MOCA Coin utility token warrants at $1 billion implied fully diluted value.

Mass Adoption Infrastructure

Mocaverse focuses on building interoperable infrastructure for consumer crypto adoption through Realm SDK development.

The platform’s recent launch of Moca ID demonstrates progress in creating on-chain

identity systems, targeting seamless integration across diverse digital ecosystems.

Massive User Base Integration

The project secures partnerships poised to onboard over 1.1 billion users, including 218 million from Anime Foundation, MyAnimeList, and One Football, plus potential access to 900 million Telegram users through TON Foundation collaboration.

These partnerships aim to bridge traditional user bases into Web3 through cultural verticals.

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