Animoca Brands Gains $11.88 Million Investment to Boost Mocaverse NFT Project

Known for its digital assets and open metaverse solutions, Animoca Brands the company has finalized a second funding round, raising $11.88 million to support its NFT initiative. Mocaverse Key players in this funding round included Block1, Foresight Ventures, Polygon Ventures, and Dapper Labs, among others. OKX Ventures Animoca Brands indicated that the acquired funds would be used to elevate Mocaverse, aiming to create a digital identity and rewards system that enhances experiences in Web3 gaming, culture, and entertainment.

With this new investment, the total funding for the initiative has reached $31.88 million, following an earlier $20 million investment disclosed earlier in the year.

Mocaverse’s Frequent Player Program Set to Transform Loyalty Initiatives

At present, Mocaverse is in the process of crafting a Web3 Frequent Player Program, which is a loyalty framework powered by unique Mocaverse points referred to as 'Realm Points.' This system is designed to be

an adaptable loyalty program that allows third parties to adopt and integrate Moca ID. decentralized The newly launched Moca ID serves as a digital passport, granting users access to the benefits associated with Mocaverse’s Frequent Player Program. Holders of Moca ID will have the chance to gather Realm Points by actively engaging in the

ecosystem and later redeeming these points for tangible rewards. Mocaverse Mocaverse envisions providing an interconnected meta-experience layer for Web3 identity, social interaction, and personal growth. Participants will have the opportunity to create their digital identity, cultivate their reputation, and accumulate and spend Realm Points through their interactions within the Mocaverse ecosystem.

Recently, Animoca Brands announced a partnership following a $50 million investment from the NEOM Investment Fund, a sovereign wealth fund from Saudi Arabia. This collaboration aims to foster the development of robust Web3 enterprise service offerings expected to make a significant global impact.

These financial partnerships and collaborative efforts highlight Animoca Brands’ vision to push the boundaries of digital property rights and solidify a robust presence as the iGaming landscape continues to evolve. disclosed Please note that the information contained on this page is not intended to serve as legal, tax, investment, financial, or any other form of advice. It's crucial to only invest what you can afford to lose and seek independent financial advice if you have any reservations. For more details, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate and unbiased news, however, market conditions may shift without prior notice.

Alisa, a devoted journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With a sharp eye for emerging trends and technologies, she provides in-depth coverage to keep readers informed and engaged within the constantly changing realm of digital finance. Web3 .