TechFlow News, November 12 — According to an official announcement, Mocaverse, a Web3 project under Animoca Brands, has completed a $10 million funding round. Investors include OKX Ventures, CMCC Global, Sequoia (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital. The financing includes warrants for MOCA Coin token subscription, with a fully diluted valuation reaching $1 billion.
Mocaverse will use the new funds to expand its interoperable infrastructure, including account, identity, and reputation systems, with a focus on developing the Realm SDK. Since launching its Moca ID system earlier this year, over 1.79 million Moca IDs have been registered, and the project has partnered with more than 160 Web3 projects including Trust Wallet and OKX Wallet.
