PANews reported on November 12 that according to the official blog, Animoca Brands announced that it had raised an additional $10 million for its Web3 project Mocaverse, following an investment of $31.88 million announced last year. The investment comes with a free additional warrant for the MOCA Coin utility token, with an implied fully diluted value (FDV) of $1 billion, and its structure is similar to the two parts announced previously. Participants in this round of financing include OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital, etc., with the aim of accelerating and expanding the scale of operations of Mocaverse against the backdrop of the project's substantial growth since its first financing.
The company will use the new funds to advance its goal of accelerating Web3 mass adoption and interoperability by continuing to expand and build the Mocaverse, an interoperable infrastructure layer for account, identity and reputation systems for consumer cryptocurrency adoption. This includes Realm SDK, an interoperable software development kit (SDK) that allows partners to create their own reputation-based ecosystems and provide corresponding application experiences that are interoperable with all ecosystems built on top of the Moca network.
