Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Mocaverse, a flagship product of Animoca Brands Corporation Limited, has successfully raised $20 million in a fundraising round led by CMCC Global, a prominent venture capital firm specializing in blockchain and Web3 investments. Other notable investors include Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), institutional investors of Koda Capital, and Yat Siu, executive chairman of Animoca Brands.This funding will be instrumental in advancing the Mocaverse project, which plays a pivotal role in the broader Animoca Brands web3 ecosystem. Mocaverse aims to provide users with a decentralized identity solution, allowing them to participate actively in Web3 and the blockchain ecosystem, enhancing shared network effects. The project includes the issuance of Moca ID, a set of non-fungible tokens (NFTs), enabling users to create unique blockchain credentials and earn loyalty points within the Mocaverse platform.The funds raised will support the development of Mocaverse products, the expansion of partnerships, and the growth of Animoca Brands' extensive portfolio of over 450 investments in Web3 companies and projects. These investments and partnerships are integral to seeding the Mocaverse ecosystem, offering users opportunities to build online identities, earn rewards, and engage with the platform's offerings.CMCC Global's involvement in the funding round adds credibility to the project, given its track record of early investments in successful blockchain projects like Ethereum, Solana, and Cosmos. Animoca Brands, a leader in digital entertainment, blockchain technology, and gamification, is committed to advancing the open metaverse and protecting digital property rights. The company has a strong track record of creating games based on licensed properties from brands like Disney, WWE, Snoop Dogg, and more.In summary, the successful fundraising for Mocaverse, supported by Animoca Brands and led by CMCC Global, will fuel the expansion of this essential component of the web3 gaming ecosystem. As Animoca Brands continues to invest in and promote web3 culture and entertainment, Mocaverse is poised to play a vital role in shaping the future of Web3 and decentralized identity solutions.

Animoca Brands Notre Game joins forces with MMA One Championship to bring web3 NFT game One Fight Arena with plans to launch in 2024. These two notable companies are creating One Fight Arena. An NFT-powered MMA mobile game that will make use of the extensive IP library and a rich lineup of fighters from ONE Championship. Later this year, the NFT game will be tested to figure out shortcomings or glitches before its actual launch in 2024. It will be free to download when it launches on both Google Play and Apple's App Store.

Blockchain gaming firm Cross the Ages announced funding from Ubisoft, Polygon, and crypto gaming unicorn Animoca Brands among others.

Animoca Brands joins hand with Hong Kong venture accelerator Brinc to invest and start a new Guild Accelerator Program.

Great news for Bored ape NFT's holders as new projects and games involving the Bored NFTs are about to go sky-high.

Animoca Brands is a Hong Kong-based blockchain game developer and is behind bringing K-pop to the NFT domain.