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 publicizes 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 business, 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 World’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel buyers from Coingecko, Synthetix, and Dolphin Browser. The group additionally obtained ecosystem grants and assist from Arbitrum, Polygon, , and BNB Chain.

“We’re thrilled to have the backing of our buyers 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,” mentioned Jonathan Mui, Founder and CEO of Moongate, expressing his pleasure for the investor assist.

Shiau Sin Yen, Co-founder and Managing Accomplice of CMCC World’s Titan Fund, affirmed Moongate’s potential: “Moongate is on the forefront of driving real-world adoption of Web3 applied sciences. Their strategy to making a modular Web3 engagement layer will unlock important worth for manufacturers and customers. The founders’ drive and dedication, together with their achievements within the ticketing business, illustrate their potential. We’re excited to assist the group as they bring about Web3 to the following few hundred million individuals.”

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

Moongate has already made important strides with its flagship product, a decentralized ticketing and membership platform. By reworking 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 consumer base exceeding 100,000 people, with main enterprise clients efficiently implementing the answer. Notable shoppers embody Wonderfruit, one among Southeast Asia’s largest music festivals, ComplexCon, a globally famend cultural convention by Advanced, 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 international locations. Constructing upon its success, Moongate plans to introduce new function units to disrupt adjoining business segments.

Expertise Web3 Engagement by 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 partaking in numerous duties on the platform, fostering creativity, possession, and group participation on-chain.

The corporate is dedicated to offering the utility and connectivity required for the following era 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 in regards to 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 buyers and the success of its flagship product, Moongate is well-positioned to revolutionize the best way manufacturers and customers work together within the digital age.

For media enquiries, customers can contact:

Jonathan Mui: jon@moongate.id

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 enables 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 important traction, with an energetic consumer base of greater than 100,000 people and profitable partnerships with main enterprises equivalent to Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and plenty of extra throughout 30+ international locations. Backed by its success, Moongate goals to develop its attain into different sectors to remodel interactive experiences utilizing blockchain and AI applied sciences.

To be taught extra customers can go to Moongate’s Official Web site | Twitter | LinkedIn

​​About Titan Fund

Titan Fund gives accredited buyers publicity to engaging development alternatives inside the blockchain ecosystem by a standard fairness enterprise capital funding technique specializing in seed to collection A corporations alongside the important thing funding verticals of Infrastructure, Fintech and Shopper. The Titan Fund is CMCC World’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 be taught extra customers can go to Titan Fund Official Web site

ContactCEOJonathan MuiMoongatejon@moongate.id

This text was initially revealed on Chainwire