Animoca Brands Raises $10 Million for Mocaverse
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.
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.
The gaming industry, surpassing $200 billion in annual spending on in-game assets, is a thriving frontier for Web3 integration. However, the complexity of blockchain transactions has often disrupted gameplay.
As Bitcoin reached a peak of $88,364 on Monday before a slight dip, both MicroStrategy and Coinbase demonstrated the increasing influence of the cryptocurrency market on traditional equities.
This recent growth underscores the sector's momentum, with Bitcoin’s market cap alone accounting for over $1.7 trillion (at the time of writing), representing a 55.7% dominance in the crypto market.
According to FTX, this buyback, initiated by FTX’s then-CEO Sam Bankman-Fried (SBF), was financed with FTX’s native token, FTT, along with Binance’s tokens BNB and BUSD, despite FTX allegedly being insolvent at the time.