In a significant leap for the Web3 landscape, Moongate has announced the successful closure of a $27 million seed funding round. This strategic financial backing aims to develop a Modular Web3 Engagement Layer designed for real-world activations. Following its remarkable success in the ticketing industry, Moongate is poised to broaden its horizons into various sectors, fundamentally transforming interactive experiences through the power of blockchain and artificial intelligence.
Key Investors and Support
The funding round was spearheaded by CMCC Global's Titan Fund, with notable participation from:
- Token Bay Capital
- Penrose Ventures
- RNR Capital
- Cogitent Ventures
- GBV Capital
- PHD Capital
In addition, the initiative garnered support from prominent angel investors affiliated with Coingecko, Synthetix, and Dolphin Browser. Moongate also received ecosystem grants from key blockchain players such as Arbitrum, Polygon, Avalanche, and BNB Chain, reinforcing its robust foundation in the industry.
Proven Success in the Ticketing Space
Moongate’s flagship product, a decentralized ticketing and membership platform, has already demonstrated substantial traction, boasting an active user base exceeding 100,000 individuals. The platform revolutionizes how brands connect with their audiences by transforming real-world assets into immutable digital tokens on the blockchain. This innovation enables brands to forge authenticated channels with fans, thereby fostering deeper relationships and unlocking opportunities for:
- Personalized experiences
- Exclusive content
- Loyalty programs
The company has successfully partnered with major enterprise clients, including:
- Wonderfruit: One of Southeast Asia's largest music festivals
- ComplexCon: A globally recognized cultural conference
- 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 Web3 platforms, including Binance and Avalanche, and has established relationships with major regional crypto conferences spanning over 30 countries.
The MoonFarmer Campaign: Engaging Users Creatively
To showcase the capabilities of its Web3 engagement layer, Moongate has launched the MoonFarmer campaign. This initiative aims to incentivize users and creators by rewarding them with points for engaging in various platform tasks. This approach not only fosters creativity and ownership but also encourages community participation within the blockchain ecosystem.
The highly anticipated early access to the private beta is set to roll out this week, leading up to a public launch. Further details regarding the campaign are readily available through associated channels.
Driving Meaningful Web3 Adoption
As Moongate continues its innovative trajectory, the company remains steadfast in its mission to drive meaningful Web3 adoption across diverse industries. With the unwavering support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the interaction between brands and consumers in the ever-evolving digital age.
Through the development of its Modular Web3 Engagement Layer, Moongate is not only abstracting the complexities of blockchain but also enabling users to create a "phygital" passport. This passport unlocks a multitude of rewards, access points, and communities tied to their omni-channel profiles. The future looks bright as Moongate aims to expand its reach and disrupt adjacent industry segments with innovative blockchain and AI technologies.
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