Mocaverse receives $10 million in funding in connection with expansion plans for the Animoca brand

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  • Animoca Brands increased the amount 10 million dollars in a fresh round of financing for Mocaversebringing the total amount to $41.88 million.
  • Financing was organized in the form of: SAFE contractwith a warrant for the MOCA token worth $1 billion.
  • Mocaverse continues its expansion by integrating-chain identity systems and creating partnerships with platforms like Anime Foundation and MyAnimeList aiming to reach over 1.1 billion monthly dynamic users.

Animoca Brands announced it has raised $10 million for its fresh project financing round for the Mocaverse projectwith the participation of investors such as OKX Ventures, CMCC Global and Hong Shan (formerly Sequoia China).

We will get used to this fresh capital speed up Mocaversea platform focused on creating interoperable infrastructure for consumers cryptocurrency adoption. Thanks to this injection of funds, the total amount collected for the project is now approx $41.88 million.

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Financing was organized in the form of: Simple Agreement for Future Equity (SAFE)with an attached MOCA utility token warrant at a fully diluted value $1 billion. This warrant is offered to investors on a $1:1 ratio and is subject to a 30-month vesting schedule.

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Mocaverse connects with 1 billion users through partnerships

The Mocaverse project, which has already seen significant growth since its previous funding round in 2023, aims to achieve this accelerate mass adoption of Web3 creating interoperable account, identity and reputation systems for cryptocurrency users. Additionally, it launched on-chain identity systems such as Moca ID by integrating 1.79 million registrations and activations with more than 160 partners in the Web3 industry.

Mocaverse’s strategy is to grow the network through partnerships with huge user ecosystems, including Anime Foundation and MyAnimeList, with the potential to integrate into 218 million monthly dynamic users. Additionally, it has entered into a strategic partnership with the TON Foundation to connect with maximum 900 million dynamic Telegram users

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