• Animoca Brands raises an additional $10 million for Mocaverse, with top investors including OKX Ventures and CMCC Global, aimed at scaling Web3 adoption.
• The new funding will help Mocaverse expand its interoperable Web3 infrastructure, including the development of the Moca ID and Realm SDK systems.

Animoca Brands has announced the successful completion of a $10 million funding round for its flagship project, Mocaverse, bringing the total investment for the project to $41.88 million. This latest funding tranche includes participation from major investors, such as OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital, all of whom are set to help accelerate the development of Mocaverse’s interoperable infrastructure.

Mocaverse is designed to provide a decentralized Web3 platform that facilitates consumer crypto adoption. The project’s core technology, the Realm SDK, enables the creation of reputation-based ecosystems that are interoperable across different platforms.

The funding will be used to scale Mocaverse’s operations, build out its network, and onboard millions of users through collaborations with large companies and communities. Mocaverse is already gaining traction, with the launch of Moca ID, an on-chain identity system, attracting over 1.79 million registered users. Additionally, the platform has partnered with major brands like Pixels, BLOCKLORDS, Trust Wallet, and OKX Wallet to integrate Web3 features into their ecosystems.

Mocaverse has also formed key partnerships to drive user growth, including collaborations with the Anime Foundation, MyAnimeList, and One Football. These partnerships are expected to bring over 218 million monthly active users to the Moca Network through new identity systems like Anime ID and Football ID. Furthermore, a strategic alliance with the TON Foundation will help Mocaverse reach a broader audience by tapping into Telegram Messenger’s 900 million active users, focusing on sectors like gaming, sports, and IP experiences.

Yat Siu, co-founder and executive chairman of Animoca Brands, emphasized the importance of the investment, stating:

“With Mocaverse and its Realm Network, we are bringing the Web3 ethos of interoperability to life, driving decentralization and shared network effects across the broader Web3 ecosystem.”

This funding will further the company’s goal of making digital property rights and decentralized systems accessible to millions globally.

In addition to the funding, investors will receive a warrant for the utility token, MOCA Coin, which will be issued at a fully diluted valuation of $1 billion. The new investment also includes Simple Agreements for Future Equity (SAFEs), which will convert into shares after six months.

Mocaverse aims to be at the forefront of consumer crypto adoption, with the potential to reshape how digital identities, reputation systems, and social engagement are integrated within the Web3 space.