Moongate successfully secures $2.7 million in seed funding to develop a Modular Web3 Engagement Layer focused on real-world activations.

Located in Hong Kong, Hong Kong, on April 2nd, 2024, Chainwire

Moongate has finalized a $2.7 million seed round aimed at building a Modular Web3 Engagement Layer geared for real-world applications. Following its success in revolutionizing the ticketing space, Moongate is now set on expanding its influence into various industries, seeking to redefine interactive experiences through blockchain and AI. 

The funding round saw leadership from CMCC Global’s Titan Fund , alongside engagements from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and distinguished angel investors from Coingecko, Synthetix, and Dolphin Browser. The initiative also garnered ecosystem grants and assistance from Arbitrum, Polygon, Avalanche, and BNB Chain. 

Expressing his enthusiasm, Jonathan Mui, Founder and CEO of Moongate , stated, \"We’re overjoyed to have support from our investors as we advance the development of our modular Web3 engagement layer. This funding will expedite our product innovation and enhance our goal of fostering substantial Web3 adoption across multiple sectors.\"

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global’s Titan Fund , highlighted Moongate’s promise: \"Moongate is leading the charge in promoting real-world integration of Web3 technologies. Their method of constructing a modular Web3 engagement layer stands to deliver immense value to both brands and their consumers. The founders’ passion and determination, coupled with their accomplishments in the ticketing arena, reflect their immense potential. We’re thrilled to support them as they extend Web3 to a larger audience.\"

Flagship Decentralized Ticketing and Membership Platform Hits Over 100,000 Active Users

Moongate has already made impressive advancements with its primary offering, a decentralized ticketing and membership platform. By evolving tangible assets and experiences into secure digital tokens on the blockchain, it enables brands to create direct and verified connections with their fanbase, nurtures stronger relationships, and opens doors for customized interactions, exclusive content, and loyalty rewards.

The platform proudly claims an active community of more than 100,000 users, alongside major enterprises effectively adopting the solution. Some notable clients include Wonderfruit, one of the largest music festivals in Southeast Asia, ComplexCon, a globally recognized cultural event organized by Complex, and Siam Piwat, a conglomerate in Thailand with a whopping $1.5 billion in annual revenue. Additionally, Moongate has established long-term agreements with leading Web3 platforms like Binance and Avalanche, as well as with major crypto conferences operating in over 30 countries. With an eye toward the future, Moongate plans to introduce new features aimed at disrupting parallel industry segments. 

Engage with Web3 Using the #MoonFarmer Initiative

To demonstrate the capabilities of its Web3 engagement layer, Moongate has launched the #MoonFarmer campaign. This project aims to reward users and creators with points for their participation in various activities on the platform, encouraging creativity, ownership, and community involvement on-chain.

The company is dedicated to offering the necessary utility and connectivity for the next wave of Web3 experiences. The highly anticipated early access to the private beta is set to commence this week, leading up to a public rollout. More information about the campaign can be accessed through the linked post .

As Moongate continues to innovate and broaden its offerings, it stays committed to its vision of fostering significant Web3 adoption across different industries. With robust investor backing and the triumph of its flagship product, Moongate is in a prime position to transform the dynamics between brands and consumers in the evolving digital landscape.

For press inquiries, users can reach out to:

Jonathan Mui:

About Moongate 

Moongate is working on a Modular Web3 Engagement Layer designed for real-world activations, simplifying the complexities of blockchain to document real-life experiences on-chain. This system allows users to generate a ‘phygital’ passport that unlocks various rewards, along with access to communities linked to their multi-channel profiles. The company's leading product, a decentralized ticketing platform, has demonstrated substantial engagement, boasting over 100,000 active users and successful collaborations with major enterprises such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and numerous others across more than 30 nations. Fueled by its successes, Moongate intends to venture into further sectors to revolutionize interactive experiences utilizing blockchain and AI technologies.

For more information, users can visit Moongate’s Official Website Twitter LinkedIn  

About Titan Fund

Titan Fund offers accredited investors opportunities to engage with appealing growth prospects within the blockchain sphere through a traditional equity venture capital investment strategy that targets seed to series A companies, focusing on key investment streams including Infrastructure, Fintech, and Consumer. The Titan Fund represents CMCC Global’s latest funding strategy and complements its Digital Asset Funds which have been actively investing in protocols and crypto assets since 2016, as well as its SYZCrest fund of funds, which allocates resources to crypto quant funds.

To learn more users can visit Titan Fund Official Website

Contact

CEO
Jonathan Mui
Moongate