Animoca Brands Secures $10M for Mocaverse, MOCA Coin at $1B Valuation

• Animoca Brands secures $10 million in funding to expand Mocaverse’s Web3 infrastructure.
• Mocaverse aims to drive mass crypto adoption with interoperable tools like the Realm SDK and Moca ID.
• Strategic partnerships with major platforms will onboard millions of users to the Moca Network.

Animoca Brands, which promotes digital property rights for the open metaverse, secured another $10 million to fund its Mocaverse project.

Last year, Animoca raised $31.88 million to develop cryptocurrency options for consumers. The total funding for Mocaverse is now over $40 million.

The latest tranche of funding includes participation from high-profile investors such as OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital. 

The funding also includes a warrant for MOCA Coin, the project’s native utility token, which is pegged at an implied fully diluted value (FDV) of $1 billion. The structure mirrors previous investment rounds, reinforcing a strong trajectory for Mocaverse’s long-term growth.

Advancing Web3 Interoperability with Mocaverse

Animoca Brands plans to use this new capital to accelerate Mo…

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