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.
The pre-seed attracted a diverse group of investors, including early-stage backers from Panama and international supporters.
In response, Alex Falcon, the creator of X Empire, addressed the complaints in a Telegram post on Saturday, explaining that "active friends" was a crucial factor in determining airdrop eligibility, alongside players' profit-per-hour rate and quest completion.
The funds will fuel the development of Azra’s flagship project, currently code-named "Project Legends," as well as other upcoming titles.