Best P2E Games

Mocaverse Raises $20M to Boost Decentralized Identity Solutions in Animoca Brands Ecosystem

Share This with Other Gamers

Mocaverse Raises $20M to Boost Decentralized Identity Solutions in Animoca Brands Ecosystem

By leveraging Mocaverse you can become a participating member in the whole Animoca Brands web3 ecosystem and participate actively

Mocaverse, one of Animoca’s flagship products, has received strong support from Animoca Brands Corporation Limited for a fundraising round to accelerate development. Animoca Brands issued new shares at a price of A$4.50 per share, raising US$20 million, and as part of the financing, the Company awarded the round’s investors a free-attaching utility token warrant on a dollar-for-dollar basis.

Notable Investors

This successful funding round was led by CMCC Global, which was the main investor. Other investors included Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), institutional investors of Koda Capital, and a number of other blockchain investors. Yat Siu, who is the executive chairman of Animoca Brands and one of its co-founders, is also part of the funding round.

By using Mocaverse’s potential, you can become a member of the whole Animoca Brands web3 ecosystem. It will allow you to take part in an active way. It will work the same way as Mocaverse has become a valuable part of the ApeCoin ecosystem and will likely do the same for many other DAOs in the future. Unlike existing identity solutions, the Mocaverse will become a decentralized identity solution that can help all the participants in Web3 and the whole blockchain ecosystem get more out of the shared network effects.

Funding Will Fuel Mocaverse Expansion

The rasied amount will be used to move the Mocaverse project forward. This will include developing products, making it easier for people to use Web3, and making partnerships to grow the gaming, cultural, and entertainment ecosystem of Animoca Brands’ portfolio of about 450 investments in Web3 companies and projects. About 450 investments in Web3 companies and projects are now part of Animoca Brands’ portfolio.

The 450+ portfolio companies and partner network of over 700 million users that Animoca Brands has are seeding the Mocaverse ecosystem. This allows users to create their own online identity, build reputation, earn and spend reward points, and use their online identity to get into the Mocaverse platform.

Mocaverse is putting out Moca ID, a set of non-fungible tokens (NFTs), to help its users make unique credentials on the blockchain and join the Mocaverse ecosystem. People with a Moca ID will be able to earn loyalty points by doing things in the Mocaverse that are only available to people with a Moca ID. These points will fuel a decentralized, permissionless, and interoperable loyalty system that encourages third-party adoption and integration of Moca ID to increase Web3’s reach and use.

CMCC Global

CMCC Global was one of the first venture capital firms in Asia to invest in blockchain and Web3. It is a market leader and an early investor in many top projects, such as Ethereum (ETH) at $7, Solana (SOL) at $0.20, and Cosmos (ATOM) at $0.10. All of CMCC Global’s funds have more than $500 million in assets under management (AUM). CMCC manages a number of funds with different ways of investing, such as the CMCC Global Digital Asset Fund, the Titan Fund, and the Crest. The CMCC Global Digital Asset Fund has offices in Asia, North America, and Europe.

About Mocaverse

The Mocaverse is a membership NFT collection that includes all of the great companies, projects, investments, shareholders, and partners that make up Animoca Brands. This set of artifacts will show how the ecosystem is different and how it cares about digital property rights. The community members will help build, use, and support the services that Animoca Brands offers.

When people “mine” Mocaverse NFTs, they sign a License Agreement that lets them make some money from them. Holders will be given a “non-exclusive, non-transferable, royalty-free license to use the Licensed NFT Artwork in any formats and media,” as stated in the right Agreement. This means that the NFT could be put on the market.

About Animoca Brands

There are always a few people in uncharted places who carry the torch and show the way. Animoca Brands is one of the bright spots in Web 3, digital entertainment, video games, NFTs, and blockchain technology. Most of us who play video games already know about this company that is doing well. But if someone isn’t, they can learn about Animoca Brands and its fairy tale success along with us.

Animoca Brands is a leader in digital entertainment, blockchain, and gamification. It is helping to build the open metaverse and protect digital property. The company makes and releases games and other media based on licensed properties from companies like Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGPTM, and Formula E, as well as its own original properties like The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes.

Animoca Brands has invested in more than 450 Web3 companies. Simply put, this funding will allow them to improve the impact of Mocaverse and ensure its expansion to the web3 gaming world. Moreover, the project is backed by Animoca Brands, so it is evident that it will promote web3 culture and entertainment.

Animoca Brands Banks $20 Million for Mocaverse
Animoca Brands Banks $20 Million for Mocaverse

Play To Earn Games News 2023-2024

Thank you for visiting! Your one-stop shop for everything related to play-to-earn, crypto, NFTs, blockchain, and Web3. With reviews, videos, and articles available across platforms, you can stay up to date on the newest play-to-earn games.

We’re here to help you improve your gaming experience by providing information on game tokens, whitepapers, and social media buzz. Dive into our “Best Games” and “Game Lists” sections for top P2E picks, and check out our “Video Game News” section for daily updates.

Do you have any exciting game news? Send us your press release, and our PlayToEarn Game news team will cover it. Join us as we search for the best play-to-earn games and delve into the world of Web3 gaming. Choose for P2E news and excitement!

Let’s play a game of worldwide web-hopping! šŸŒ

So, wherever you are in the world, the gaming universe is just a click away! šŸŒšŸŽ‰

FAQ – Mocaverse Funding and Expansion

1. What is Mocaverse, and why is it important?

  • Mocaverse is a flagship product of Animoca Brands designed to offer a decentralized identity solution within the Web3 ecosystem. It allows users to create unique blockchain credentials, participate actively in Web3, and earn rewards. Mocaverse is crucial for enhancing shared network effects and promoting web3 culture and entertainment.

2. How much funding did Mocaverse secure, and who were the key investors?

  • Mocaverse raised $20 million in a successful fundraising round led by CMCC Global, a prominent venture capital firm with a strong track record in blockchain investments. Other notable investors included Kingsway Capital, Liberty City Ventures, GameFi Ventures, and individuals such as Aleksander Larsen and Gabby Dizon.

3. What will the funding be used for?

  • The funds raised will be used to advance the Mocaverse project, including the development of new products and the establishment of partnerships. Additionally, the funds will support the growth of Animoca Brands’ extensive portfolio of over 450 investments in Web3 companies and projects.

4. How does Mocaverse benefit users and the broader Web3 ecosystem?

  • Mocaverse empowers users to create their online identities, earn loyalty points, and engage with the Mocaverse platform. It offers a decentralized identity solution that enhances participation in Web3, fosters third-party adoption, and promotes interoperability within the blockchain ecosystem.

5. What is Moca ID, and how does it work?

  • Moca ID is a set of non-fungible tokens (NFTs) issued by Mocaverse to enable users to establish unique blockchain credentials. Users with Moca ID can earn loyalty points by participating in exclusive Mocaverse activities. These points contribute to a decentralized, permissionless, and interoperable loyalty system.

6. Who is Animoca Brands, and what is its role in this project?

  • Animoca Brands is a leader in digital entertainment, blockchain technology, and gamification. The company has invested in more than 450 Web3 companies and is committed to advancing the open metaverse and protecting digital property rights. Animoca Brands supports the Mocaverse project and plays a key role in its expansion.

7. How can individuals get involved with Mocaverse and the broader Animoca Brands web3 ecosystem?

  • By leveraging Mocaverse, individuals can become active participants in the entire Animoca Brands web3 ecosystem. They can create their online identities, earn rewards, and engage with the platform’s offerings, contributing to the growth of Web3 culture and entertainment.

8. What distinguishes CMCC Global as a key investor in this funding round?

  • CMCC Global is a leading venture capital firm in Asia with early investments in successful blockchain projects like Ethereum, Solana, and Cosmos. The firm brings credibility and expertise to the Mocaverse project and the broader Web3 space.

9. What is the vision for Mocaverse’s role in shaping the future of Web3?

  • Mocaverse aims to be a vital component in the web3 gaming world, promoting decentralized identity solutions and enhancing the web3 culture and entertainment landscape. It seeks to foster shared network effects, interoperability, and third-party adoption within the blockchain ecosystem.

10. Where can I find more information about Mocaverse and Animoca Brands?

  • For additional information about Mocaverse and Animoca Brands, you can visit their official websites and follow their social media channels. Stay updated on their latest developments and initiatives in the web3 space.

Mocaverse Raises $20M to Boost Decentralized Identity Solutions in Animoca Brands Ecosystem

If you like this game, share it with your friends:

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Top Crypto NFT Games Currently Available on Mobile App Stores

This informative blog post delves into a selection of top-notch crypto NFT mobile games that offer an avenue to explore the web3 world on both Android and Apple devices. Navigating the realm of NFT gaming on mobile platforms can be daunting due to the constant influx of captivating titles. The expansive mobile gaming industry presents a prime opportunity to boost the popularity of Web3 games. However, this expansion is hindered by the regulations imposed by industry giants like Apple and Google Play. Apple, for instance, mandates a 30% tax on NFT game transactions.

The article highlights several captivating play-to-earn crypto games accessible on Android and Apple platforms. While certain blockchain games have long dominated the field, others present fresh and intriguing possibilities for gamers.

Axie Infinity Origins:
Axie Infinity Origins is a game where players construct teams of diverse creatures known as Axies and deploy them in battles. They can engage in Arena battles against other players or take on the game’s villainous Chimeras in Adventure mode to vie for the top of the leaderboard. The game pioneers the play-to-earn genre, providing substantial in-game rewards and NFTs for completing missions, leveling up, and simply enjoying the game. The mobile-optimized release, Axie Infinity Origins, rolled out in May 2022, featuring enhanced visuals. In May 2023, it became available for free download on the iOS App Store.

Splinterlands offers a multiplayer Trading Card Game (TCG) experience that evokes nostalgia for beloved titles like Pokemon and Hearthstone. In contrast to traditional card games, the cards in Splinterlands possess real-world value and grant ownership to their holders. The game boasts a visually stunning deck-building strategy TCG optimized for mobile devices. Despite its straightforward rules, mastering the game proves to be a challenging endeavor.

Undead Blocks NFT Game:
Undead Blocks presents a thrilling first-person zombie survival shooter where players assemble unique weapons to fend off relentless waves of zombies. The game offers various modes, including Solo, Squads, SpeedRun, and Massacre, catering to different playstyles. The “play-to-earn” mechanic rewards players with in-game benefits for their engagement. Additionally, players earn Zbux, the in-game currency, by defeating zombies. The incorporation of governance tokens empowers players to influence the game’s ongoing development. The game supports a range of controllers and plans to release native apps for mobile devices soon.

Thetan Arena:
Thetan Arena, a blockchain-powered e-sport playable on mobile devices, invites players to participate in weekly tournaments, monthly events, and diverse game modes, including MOBA tower rush and battle royale. The game strikes a balance between teamwork and individual prowess, delivering an action-packed experience optimized for mobile platforms. Aspiring players can join as “guest players” to explore the game.

Galaxy Fight Club NFT:
Galaxy Fight Club offers users the opportunity to pit their favored NFTs against each other in tournaments for both recognition and real-world cash prizes. This cross-IP PVP NFT game stands out as a pioneering example and operates on the concept of the NFT Universe. With cross-platform capabilities, players can enjoy the game on mobile devices and personal computers alike. The game embodies an open and unrestricted market for digital objects and assets.

Upland enables users to trade virtual properties linked to real-world locations using blockchain technology. Built on the EOS blockchain, the game utilizes the UPX collectible token. Owning properties and landmarks yields passive income, and players are equipped with a custodial web3 wallet and marketplace. Upland bridges the gap between the digital economy and the physical world.

League of Kingdoms:
In League of Kingdoms, players have ownership of land and assets, fostering an inclusive and engaging environment. The game is designed to be accessible to players without prior knowledge of crypto concepts, making it a widely appealing real-time strategy game. Resource farming is possible without owning Land NFTs, contributing to the game’s approachability and entertainment value.

The blog hints at more exciting mobile games to be covered in the second part, promising readers a comprehensive exploration of the world of NFT mobile gaming. Stay tuned for further insights into these captivating experiences!

Read Game Review Ā»

Best P2E Games list 2024

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.