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Promising news for global blockchain and digital lifestyle company Animoca Brands, as they have secured $20 million in strategic funding from venture capital firm investment firm SNZ Holdings and their partners for their ambitious Mocaverse metaverse project.
The funding will enable Animoca Brands to fast-track the development, launch and growth of the highly anticipated Mocaverse metaverse project, a digital universe where users develop, play, and trade digital assets utilizing the non-fungible token (NFT) technology of the Ethereum blockchain. It is a groundbreaking platform that seeks to bring to life a whole new world for digital entertainment and empower a new generation of gamers and creators, which Animoca Brands have referred to as the “Mocaverse.”
The funding will also enable Animoca Brands to launch a range of products and services, so users can explore the unique opportunities that the Mocaverse has to offer. These services will include virtual worlds, gaming, digital marketplaces, and social activities, in addition to a host of other features and initiatives designed to redefine the digital landscape.
It is estimated that the Mocaverse will be ready to launch by 2021, and this strategic investment will give Animoca brands the resources they need to launch their proposed metaverse platform in a timely and successful manner.
This news is especially exciting for NFT enthusiasts as the Mocaverse will foster the rapid development of digital ownership and trading, making NFT’s an even bigger part of the global digital economy. The Mocaverse will open up the advancement of a variety of exciting experiences by utilizing NFTs in the Mocaverse.
The funding is a testament to Animoca Brands’ drive to develop and promote innovation in the blockchain space, which will bring fresh new features to the digital world and cater to an ever-growing user base. With these resources and Animoca Brands’ innovative vision for the digital future, it is likely that the Mocaverse project will revolutionize the space and significantly advance the use of blockchain technology.