Moongate has raised a $2.7 million seed round to develop a modular Web3 engagement layer for real-world activation.

by chain wire

Posted: Apr 1, 2024 10:03 PM Updated: Apr 1, 2024 10:03 PM

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

Moongate announced that it has closed a $2.7 million seed round to develop a modular Web3 engagement layer for real-world activation. Buoyed by its success in transforming the ticketing industry, the company aims to expand its reach into other sectors using blockchain and AI to transform interactive experiences.

The funding round was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital and prominent angel investors from Coingecko, Synthetix and Dolphin Browser. Additionally, the team has received ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.

“We are thrilled to have the support of our investors as we continue to build our modular Web3 engagement layer. “This funding will accelerate our product development and further our mission to drive meaningful Web3 adoption across a variety of industries.” Jonathan Mui, Moongate founder and CEOExpressed his expectations for investor support.

Shiau Sin Yen, Co-Founder and Managing Partner, CMCC Global Titan Fund, confirmed Moongate’s potential. “Moongate is at the forefront of driving real-world adoption of Web3 technology. An approach that creates a modular Web3 engagement layer will deliver significant value to brands and consumers. The founders’ drive and dedication, along with their achievements in the ticket industry, demonstrate their potential. We’re excited to support the team as they bring Web3 to the next hundreds of millions of people.”

100,000+ active users for our flagship decentralized ticketing and membership platform

Moongate has already made significant progress with its flagship product, a decentralized ticketing and membership platform. By transforming real-world assets and experiences into immutable digital tokens on the blockchain, brands can build direct, authenticated channels with their fans, fostering deeper relationships and opening opportunities for personalized experiences, exclusive content, and loyalty programs.

The company boasts an active user base of over 100,000 and its solutions have been successfully implemented by major enterprise customers. Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, Complex’s world-renowned cultural conference, and Siam Piwat, a major Thai conglomerate with annual revenues exceeding $1.5 billion. Moongate has also signed long-term service agreements with major Web3 platforms, including Binance and Avalanche, as well as major regional cryptocurrency conferences in over 30 countries. Moongate plans to build on its success by introducing a new set of features that will revolutionize adjacent industry sectors.

Experience Web3 participation through the #MoonFarmer campaign.

To demonstrate the potential of the Web3 participation layer, Moongate #moonfarmer work out. The initiative is designed to incentivize users and creators by rewarding them with points for participating in various tasks on the platform and fostering creativity, ownership, and community participation on-chain.

The company is committed to providing the utility and connectivity needed for next-generation Web3 experiences. Early access to the highly anticipated private beta will be released this week, leading up to the public release. More details about the campaign can be found in the linked post.

Moongate continues to innovate and expand its products while remaining committed to its mission to drive meaningful Web3 adoption across a variety of industries. With the support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the way brands and consumers interact in the digital age.

For media inquiries, please contact:

Jonathan Mui: (email protected)

Introduction to Moongate

Moongate abstracts the complexity of blockchain by building a modular Web3 participation layer for real-world activations, recording real-world experiences on chain. This allows users to create a ‘phygital’ passport to unlock various rewards, access and communities linked to an omnichannel profile. The company’s flagship decentralized ticketing platform has already demonstrated significant traction with an active user base of over 100,000 and successful partnerships with leading companies such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and more. It spans over 30 countries. Building on its success, Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI technologies.

For more users, visit Moongate official website | Twitter | linkedin

​​Introduction to Titan Fund

Titan Fund provides accredited investors with exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy with a focus on seed to Series A companies along the key investment sectors of infrastructure, fintech and consumer. . The Titan Fund is CMCC Global’s latest fund strategy and complements the Digital Asset Fund, which has been investing directly in protocol and cryptocurrency assets since 2016, and the SYZCrest Fund, which invests in a cryptocurrency quant fund.

To find out more users, please visit Titan Fund official website.

contact

chief executive
Jonathan Mui
moon gate
(email protected)

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