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Following the heels of a recent $20 million funding round, Animoca Brands has raised a further $11.88 million to enhance its Metaverse, Mocaverse. Now, the developers behind the virtual space have a total of $31.88 million to strengthen the ecosystem’s point system and digital identity tailored for Web3. Spurred by Animoca Brands issuing ordinary shares at a rate of A$4.50 each, the latest funding round saw participation from numerous prominent investors, including OKX Ventures, Polygon Ventures, Dapper Labs, Block1, and Foresight Ventures, among others.Additionally, to entice these investors, each capital-raising phase awarded the funders a utility token warrant free of charge, mirroring the value of their dollar investments. We are pleased to announce that we have raised an additional US$11.88 million for @MocaverseNFT to build the digital identity and point system for #Web3 #gaming, culture, and entertainment.🎉 Full details:— Animoca Brands (@animocabrands) December 8, 2023A New Era for MocaverseMocaverse is backed by Animoca Brands’ broad array of 400+ portfolio companies and partners, extending its reach to over 700 million users. Users of the Metaverse, celebrated for its “Web3 Frequent Player Program”, typically enjoy exploring the thriving ecosystem to craft their very own virtual identities and earn and spend “Realm Points” for real-life rewards and advantages.Now that the Animoca team has a mighty $31.88 million to play around with, users can anticipate a more immersive and robust Mocaverse than before. The mission of the platform is to solidify its stance on blockchain gaming, entertainment, and culture. It aims to achieve such goals by making its points system more dynamic and integrated than ever before.As Mocaverse grows, it remains a leader in defining the future of virtual gaming and community engagements in the ever-expanding Web3 realm. Be sure to keep an eye out for new, intriguing advancements.Want more? Connect with NFT PlazasJoin the Weekly NewsletterFollow us on TwitterLike us on FacebookFollow us on Instagram*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.Digital art fanatic who brings a unique perspective to NFT news.

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