Animoca Brands has announced the successful completion of a new funding round, securing $10 million. This investment will fuel the growth of the Mocaverse web3 platform, which emphasizes digital identity, interoperability, and the development of decentralized applications.
Yat Siu, co-founder and chairman of Animoca Brands, commented:
“Mocaverse and its Realm Network embody the core principles of web3, prioritizing decentralization and fostering shared network effects. We deeply appreciate the support from our strategic investors, which enables us to advance digital ownership rights and interoperability, paving the way for fairer decentralized systems.”
The primary goal of Mocaverse is to establish infrastructure that bridges various web3 applications, providing partners with tools like the Realm SDK. This toolkit simplifies platform integrations and ensures seamless interoperability.
In March, the project introduced Moca ID, a digital identity system that has already reached 1.79 million users. These technologies aim to streamline interactions within the web3 space and build a unified ecosystem.
To enhance its reach, Mocaverse is actively forming partnerships with prominent platforms and communities. Recent collaborators include Anime Foundation, MyAnimeList, and One Football, whose combined audience exceeds 218 million monthly users.
The latest funding round attracted significant investors such as OKX Ventures, CMCC Global, Hong Shan, and other major players, highlighting the strong interest in Mocaverse’s potential. The additional $10 million brings the total funding to $42 million, adding to the $31.88 million previously raised.
The funding was secured through Simple Agreements for Future Equity (SAFE), which will convert into shares six months post-closure. Investors also received rights to the $MOCA Coin, valued at $1 billion based on full issuance. The token’s deal price was $0.113, with a vesting schedule spanning 30 months.
These investments will support Mocaverse in further developing systems for identity, reputation, and account management, solidifying its position within the web3 ecosystem.
