Moongate Raises $2.7M Seed Spherical to Develop a Modular Web3 Engagement Layer for Actual-World Activations

Hong Kong, Hong Kong, April 2nd, 2024, Chainwire

Moongate declares the closing of a $2.7M Seed spherical to develop a Modular Web3 Engagement Layer for Actual-World Activations. Backed by its success in disrupting the ticketing trade, the corporate goals to develop its attain into different sectors to remodel interactive experiences utilizing blockchain and AI.

The funding spherical was led by CMCC International’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel traders from Coingecko, Synthetix, and Dolphin Browser. The staff additionally acquired ecosystem grants and assist from Arbitrum, Polygon, Avalanche, and BNB Chain.

“We’re thrilled to have the backing of our traders as we proceed to construct out our modular Web3 engagement layer. This funding will speed up our product improvement and additional our mission of driving significant Web3 adoption throughout numerous industries,” stated Jonathan Mui, Founder and CEO of Moongate, expressing his pleasure for the investor assist.

Shiau Sin Yen, Co-founder and Managing Companion of CMCC International’s Titan Fund, affirmed Moongate’s potential: “Moongate is on the forefront of driving real-world adoption of Web3 applied sciences. Their method to making a modular Web3 engagement layer will unlock vital worth for manufacturers and shoppers. The founders’ drive and dedication, together with their achievements within the ticketing trade, illustrate their potential. We’re excited to assist the staff as they carry Web3 to the subsequent few hundred million individuals.”

Over 100,000 Lively Customers for Flagship Decentralized Ticketing and Membership Platform

Moongate has already made vital strides with its flagship product, a decentralized ticketing and membership platform. By remodeling real-world belongings and experiences into immutable digital tokens on the blockchain, it permits manufacturers to ascertain direct, authenticated channels with their followers, fostering deeper relationships and unlocking alternatives for personalised experiences, unique content material, and loyalty applications.

The corporate boasts an energetic person base exceeding 100,000 people, with main enterprise clients efficiently implementing the answer. Notable shoppers embrace Wonderfruit, certainly one of Southeast Asia’s largest music festivals, ComplexCon, a globally famend cultural convention by Complicated, and Siam Piwat, a significant conglomerate in Thailand with over $1.5 billion in annual income. Moongate has additionally secured long-term service contracts with main Web3 platforms, together with Binance and Avalanche, in addition to with main regional crypto conferences throughout greater than 30 nations. Constructing upon its success, Moongate plans to introduce new characteristic units to disrupt adjoining trade segments.

Expertise Web3 Engagement by way of the #MoonFarmer Marketing campaign

To showcase the potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer marketing campaign. This initiative is designed to incentivize customers and creators by rewarding them with factors for participating in numerous duties on the platform, fostering creativity, possession, and neighborhood participation on-chain.

The corporate is dedicated to offering the utility and connectivity required for the subsequent technology of Web3 experiences. The extremely anticipated early entry to the non-public beta is scheduled to roll out this week, main as much as the general public launch. Additional particulars concerning the marketing campaign will be discovered within the linked submit.

As Moongate continues to innovate and develop its choices, the corporate stays devoted to its mission of driving significant Web3 adoption throughout numerous industries. With the assist of its traders and the success of its flagship product, Moongate is well-positioned to revolutionize the way in which manufacturers and shoppers work together within the digital age.

For media enquiries, customers can contact:

Jonathan Mui: [email protected]

About Moongate

Moongate is constructing a Modular Web3 Engagement Layer for Actual-World Activations, abstracting the complexity of blockchain to report real-world experiences on-chain. This permits customers to create a ‘phygital’ passport to unlock numerous rewards, entry, and communities tied to their omni-channel profiles. The corporate’s flagship product, a decentralized ticketing platform, has already demonstrated vital traction, with an energetic person base of greater than 100,000 people and profitable partnerships with main enterprises corresponding to Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and lots of extra throughout 30+ nations. Backed by its success, Moongate goals to develop its attain into different sectors to remodel interactive experiences utilizing blockchain and AI applied sciences.

To study extra customers can go to Moongate’s

​​About Titan Fund

Titan Fund affords accredited traders publicity to engaging development alternatives throughout the blockchain ecosystem by way of a conventional fairness enterprise capital funding technique specializing in seed to sequence A firms alongside the important thing funding verticals of Infrastructure, Fintech and Shopper. The Titan Fund is CMCC International’s newest fund technique and enhances its Digital Asset Funds, which have been investing immediately into protocols and crypto belongings since 2016, and its SYZCrest fund of funds that invests into crypto quant funds.

To study extra customers can go to Titan Fund Official Web site

Contact

CEO
Jonathan Mui
Moongate
[email protected]