{"id":84277,"date":"2023-09-11T13:38:22","date_gmt":"2023-09-11T10:38:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84277"},"modified":"2025-09-12T16:24:11","modified_gmt":"2025-09-12T13:24:11","slug":"animoca-brands-raises-20-million-for-the-mocaverse-metaverse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/animoca-brands-raises-20-million-for-the-mocaverse-metaverse\/","title":{"rendered":"Animoca Brands raises $20 million for the Mocaverse metaverse"},"content":{"rendered":"<p>The Hong Kong-based blockchain-gaming operator Animoca Brands raised $20 million for the <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-metaverse\">metaverse<\/a> Mocaverse through a secondary issuance of ordinary shares.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Mocaverse has raised $20M via our mothership, <a href=\"https:\/\/twitter.com\/animocabrands?ref_src=twsrc%5Etfw\">@animocabrands<\/a> ???<a href=\"https:\/\/twitter.com\/hashtag\/MocaFam?src=hash&#038;ref_src=twsrc%5Etfw\">#MocaFam<\/a>, we&#8217;re about to level up from all fronts:<br \/>?\ufe0f Product development<br \/>? Web2 and Web3 adoption<br \/>? Redefining web3 culture and entertainment ecosystem<\/p>\n<p>Full press release: <a href=\"https:\/\/t.co\/lybQtUH5iY\">https:\/\/t.co\/lybQtUH5iY<\/a><\/p>\n<p>\u2014 Mocaverse?? (@MocaverseNFT) <a href=\"https:\/\/twitter.com\/MocaverseNFT\/status\/1701021387450917215?ref_src=twsrc%5Etfw\">September 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding round was led by CMCC Global. Participants included Kingsway Capital, Liberty City Ventures, GameFi Ventures and a number of private individuals, including Yat Siu, the executive chairman and co-founder of Animoca Brands.<\/p>\n<p>As part of the funding, the company signed Simple Agreements for Future Equity with the investors, providing corresponding warrants in the form of utility tokens.<\/p>\n<p>The funds will be used by Animoca Brands to advance the project, including product development, fostering the adoption of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>, and partnership programs to broaden the gaming, cultural and entertainment ecosystem.<\/p>\n<p>According to the statement, Mocaverse is developing Web3 tools that enable users to create digital identities, accumulate reputation, earn and spend loyalty points. Users will gain access to a virtual world that unites 450 portfolio projects of Animoca Brands with more than 700 million registered participants.<\/p>\n<p>The first product will be a non-transferable NFT collection called Moca ID. The tokens will allow holders to create digital personas for interacting with the Mocaverse metaverse.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;In addition to giving users the ability to participate in an active community that expands economic opportunities, Mocaverse will also serve as a system of digital identity, reputation and loyalty for other decentralised organisations,&#8221; said Yat Siu.<\/p>\n<\/blockquote>\n<p>Earlier in November 2022, <a href=\"https:\/\/u1f987.com\/en\/news\/animoca-brands-to-launch-2-billion-fund-for-metaverse-investments\">he announced<\/a> the creation by the company of a fund of up to $2 billion to invest in metaverse companies. In 2023, Animoca Brands <a href=\"https:\/\/u1f987.com\/en\/news\/animoca-brands-trims-metaverse-fund-target-to-800-million\">reduced the target amount<\/a> for the structure to $800 million.<\/p>\n<p>As of 30 April, the operator\u2019s consolidated assets <a href=\"https:\/\/u1f987.com\/en\/news\/animoca-brands-assets-reach-3-4-billion\">stood at $3.4 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong-based blockchain-gaming operator Animoca Brands raised $20 million for the Mocaverse metaverse project via a secondary issuance of ordinary shares.<\/p>\n","protected":false},"author":1,"featured_media":84278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1689,52,1353],"class_list":["post-84277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-animoca-brands","tag-investments","tag-metaverses"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=84277"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84277\/revisions"}],"predecessor-version":[{"id":84279,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/84277\/revisions\/84279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/84278"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=84277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=84277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=84277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}