Animoca Brands Raises $20M from Web3 Investors for New Metaverse Project Mocaverse

Animoca Brands raised $20M for its metaverse project Mocaverse from Web3 investors including CMCC Global and Kingsway Capital.
Animoca co-founder Yat Siu also participated personally in the funding round.
Animoca has been a leading investor in NFTs, blockchain gaming, and metaverse companies.
Mocaverse aims to provide tools for users to build gaming and entertainment products in the metaverse.
The funding was raised via SAFEs that will convert to ordinary shares in 6 months.

coindesk.com

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9/16/2023

Animoca's Darewise to Launch Metaverse Token on Bitcoin via Ordinals, Taps Horizen for Expertise

Crypto gaming and metaverse investment company Animoca Brands plans to launch a metaverse ecosystem token on Bitcoin through its subsidiary Darewise Entertainment, aiming to create a comprehensive metaverse ecosystem centered around Bitcoin Ordinals, a protocol that allows users to inscribe NFT-like assets to the blockchain and create BRC-20 tokens on Bitcoin. The project will include gaming, brand integrations, real-world experiences, and more, with Life Beyond Studios' upcoming metaverse game being the first to implement the Bitcoin-based metaverse token for in-game assets and virtual lands.