Get 1-month GTA+ subscription with pre-order.
Pre-Order GTA 6 Now
Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, has announced a second tranche of funding of US$11,888,888 for Mocaverse, following a first tranche investment of US$20 million announced previously (see announcement of 11 September 2023). Participants in this second tranche of funding for Mocaverse included Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, Dapper Labs, and others.
In both tranches Animoca Brands raised the funds via the issue of new ordinary shares at a price per share of A$4.50; as part of each raise, the Company granted to the investors in each round a free-attaching utility token warrant on a 1:1 dollar basis.
The Company views the funding announced today as further validation of the vision of Mocaverse to establish and serve as the empowerment layer for web3 culture and entertainment, facilitating seamless onboarding and sustained growth for web3 projects. As part of this vision, Mocaverse is creating the web3 Frequent Player Program, a loyalty system powered by Mocaverse loyalty points (“Realm Points”).
Mocaverse will serve as an interoperable meta-experience layer for web3 identity, social, and growth. Mocaverse users will be empowered to create their own digital identity, accrue reputation, and earn and spend Realm Points by engaging within the Mocaverse ecosystem, seeded by Animoca Brands' more than 400 portfolio companies and its partner network with over 700 million addressable users.
Mocaverse’s recently announced Moca ID will serve as a digital passport and the gateway for users to earn and enjoy the benefits offered by Mocaverse’s web3 Frequent Player Program. Moca ID holders will be able to earn Realm Points through participation and active engagement within the Mocaverse ecosystem and redeem the points to receive exclusive access to real-life benefits and rewards provided by Mocaverse and Animoca Brands.
The Company envisions Mocaverse’s web3 Frequent Player Program as a permissionless and interoperable loyalty system that will be progressively decentralized to enable third-party adoption and integration of Moca ID, with the aim to advance the accessibility and growth of web3’s broader ecosystem. In other more recent news, Mocaverse and social RPG Pixels unveiled plans to integrate a Mocaverse metagame into the Pixels universe. Mocaverse NFT holders can now access the Moca Clubhouse within the Pixels universe, introducing a distinct game loop and exclusive rewards. According to Pixels CEO Luke Barwikowski, this will include “the biggest rewards we’ve ever done in Pixels” which has generated considerable interest from web3 gamers.
Pixels, having exceeded 100,000 DAUs post-Ronin deployment, is adding another layer to its appeal with its latest integration with Mocaverse. Now, exclusive pets, accessible solely through the Moca Clubhouse, will offer players a chance to enhance their gaming experience with unique companions.
To facilitate a smooth transition, Mocaverse has increased the distribution of invite codes, specifically for Pixels users. Players can enter using their basic Mocaverse avatar or opt for exclusive avatars available to Moca ID holders. This news also follows Mocaverse's recent integration of Ubisoft's Champions Tactics Grimoria Chronicles, promising an expanded and interconnected gaming experience within web3.
The Moca community also boasts a very active ecosystem, with 41,000 Moca IDs already minted to date at the time of reporting. Animoca Brands, Amazon Web Services (AWS), and Polygon Labs recently introduced the MoonRealm Express Accelerator, a collaborative effort to enhance the development of web3 products and solutions within Animoca Brands' Mocaverse project.
The MoonRealm Express Accelerator aims to empower web3 builders globally, focusing on areas such as decentralized identity, SocialFi, and GameFi. The MoonRealm Express Accelerator represents just another exciting collaborative effort, ushering in a new era of web3 innovation by synergizing the strengths of Animoca Brands, AWS, and Polygon Labs, and paving the way for Mocaverse to flourish as a platform in the web3 landscape. Stay tuned for more updates!
