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

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

Moongate proclaims 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 increase 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 workforce additionally acquired ecosystem grants and assist from Arbitrum, Polygon, Avalanche, 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 growth and additional our mission of driving significant Web3 adoption throughout varied 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 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 workforce as they bring about Web3 to the subsequent few hundred million folks.”

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 reworking real-world property 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 customized experiences, unique content material, and loyalty packages.

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The corporate boasts an energetic consumer base exceeding 100,000 people, with main enterprise prospects efficiently implementing the answer. Notable shoppers embody Wonderfruit, certainly one of Southeast Asia’s largest music festivals, ComplexCon, a globally famend cultural convention by Complicated, and Siam Piwat, a serious 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 characteristic units to disrupt adjoining trade segments.

Expertise Web3 Engagement via 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 varied 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 subsequent technology of Web3 experiences. The extremely anticipated early entry to the personal 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 increase its choices, the corporate stays devoted to its mission of driving significant Web3 adoption throughout varied industries. With the assist of its buyers 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.

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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 file real-world experiences on-chain. This enables customers to create a ‘phygital’ passport to unlock varied 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 consumer base of greater than 100,000 people and profitable partnerships with main enterprises corresponding to Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and plenty of extra throughout 30+ international locations. Backed by its success, Moongate goals to increase 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

​​About Titan Fund

Titan Fund presents accredited buyers publicity to engaging development alternatives inside the blockchain ecosystem via a conventional fairness enterprise capital funding technique specializing in seed to sequence A corporations alongside the important thing funding verticals of Infrastructure, Fintech and Client. The Titan Fund is CMCC World’s newest fund technique and enhances its Digital Asset Funds, which have been investing instantly into protocols and crypto property 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

 

Contact

CEO
Jonathan Mui
Moongate
[email protected]

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