Moongate Raises $2.7 Million Seed Round To Develop a Modular Web 3.0 Engagement Layer for Real-World Activations
April 2, 2024 – Hong Kong, Hong Kong
Moongate announces the closing of a $2.7 million seed round to develop a modular Web 3.0 engagement layer for real-world activations.Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI.
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 and PHD Capital, as well as notable angel investors from Coingecko, Synthetix and Dolphin Browser.
The team also received ecosystem grants and support from Arbitrum, Polygon, Avalanche and BNB Chain.
Expressing his excitement for the investor support, Jonathan Mui, founder and CEO of Moongate, said,
“We are thrilled to have the backing of our investors as we continue to build out our modular Web 3.0 engagement layer.
“This funding will accelerate our product development and further our mission of driving meaningful Web 3.0 adoption across various industries.”
Affirming Moongate’s potential, Shiau Sin Yen, co-founder and managing partner of CMCC Global’s Titan Fund, said,
“Moongate is at the forefront of driving real-world adoption of Web 3.0 technologies. Their approach to creating a modular Web 3.0 engagement layer will unlock significant value for brands and consumers.
“The founders’ drive and commitment – along with their achievements in the ticketing industry – illustrate their potential. We’re excited to support the team as they bring Web 3.0 to the next few hundred million people.”
Over 100,000 active users for flagship decentralized ticketing and membership platformMoongate has already made significant strides with its flagship product – a decentralized ticketing and membership platform.
By transforming RWAs (real-world assets) and experiences into immutable digital tokens on the blockchain, it allows brands to establish direct, authenticated channels with their fans, fostering deeper relationships and unlocking opportunities for personalized experiences, exclusive content and loyalty programs.
The company boasts an active user base exceeding 100,000 individuals, with major enterprise customers successfully implementing the solution.
Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, a globally renowned cultural conference by Complex and Siam Piwat, a major conglomerate in Thailand with over $1.5 billion in annual revenue.
Moongate has also secured long-term service contracts with leading Web 3.0 platforms – including Binance and Avalanche – as well as with major regional crypto conferences across more than 30 countries.
Building upon its success, Moongate plans to introduce new feature sets to disrupt adjacent industry segments.
Experience Web 3.0 engagement through the #MoonFarmer campaignTo showcase the potential of its Web 3.0 engagement layer, Moongate has unveiled the #MoonFarmer campaign.
This initiative is designed to incentivize users and creators by rewarding them with points for engaging in various tasks on the platform, fostering creativity, ownership and community participation on-chain.
The company is committed to providing the utility and connectivity required for the next generation of Web 3.0 experiences.
The highly-anticipated early access to the private beta is scheduled to roll out this week, leading up to the public launch.
Further details about the campaign can be found here.
As Moongate continues to innovate and expand its offerings, the company remains dedicated to its mission of driving meaningful Web 3.0 adoption across various 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.
About MoongateMoongate is building a modular Web 3.0 engagement layer for real-world activations, abstracting the complexity of blockchain to record real-world experiences on-chain.
This allows users to create a ‘phygital’ passport to unlock various rewards, access and communities tied to their omni-channel profiles.
The company’s flagship product – a decentralized ticketing platform – has already demonstrated significant traction, with an active user base of more than 100,000 individuals and successful partnerships with major enterprises such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat and many more across over 30 countries.
Backed by its success, Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI technologies.
To learn more, users can visit the links below.
About Titan FundTitan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem – through a traditional equity venture capital investment strategy focusing on seed to series A companies along the key investment verticals of infrastructure, fintech and consumer.
The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and crypto assets since 2016, and its SYZCrest fund of funds that invests into crypto quant funds.
To learn more, users can visit Titan Fund’s official website.
ContactJonathan Mui, CEO of Moongate
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