Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Friday announced a second tranche of funding of $11.89 million for its non-fungible token (NFT) collection Mocaverse, following a first tranche investment of $20 million announced previously.
Animoca Brands said in a statement that 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 AUD 4.50 ($2.98); 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.
Source: Technode Global