Moongate Raises $2.7M to Enhance Web3 Engagement for Real-World Experiences

Moongate secures $2.7M in Seed funding led by Titan Fund, backed by renowned investors and ecosystem partners, to develop a Modular Web3 Engagement Layer. This funding propels Moongate's mission to expand its success in the ticketing industry into diverse sectors, empowering brands and consumers to transform interactive experiences using blockchain and AI.

Moongate Secures $2.7M Seed Funding to Advance Web3 Engagement Layer for Real-World Activations

Hong Kong, Hong Kong - Moongate, the pioneering developer of modular Web3 engagement solutions for real-world experiences, has announced the successful closing of a $2.7M seed funding round. This strategic investment will empower Moongate to accelerate the development and deployment of its innovative Web3 engagement layer, transforming interactive experiences across diverse industries.

The seed round was led by CMCC Global's Titan Fund, with significant 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. In addition, Moongate received valuable ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain, further bolstering its mission to drive widespread Web3 adoption.

"We are thrilled to have secured the support of our esteemed investors as we forge ahead in building our modular Web3 engagement layer," said Jonathan Mui, Founder and CEO of Moongate. "This funding will serve as a catalyst for our ongoing product development, enabling us to expand our reach and fulfill our vision of driving meaningful Web3 adoption across various industries."

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund, expressed confidence in Moongate's potential: "Moongate is poised at the vanguard of driving real-world adoption of Web3 technologies. Their modular approach to Web3 engagement promises to unlock immense value for brands and consumers alike. The founders' unwavering drive and exceptional track record in the ticketing industry are a testament to their capabilities. We are excited to join forces with Moongate as they embark on their journey to bring Web3 to the forefront for millions more."

Moongate has already established a strong foundation with its flagship product, a decentralized ticketing and membership platform. By harnessing the power of blockchain technology, Moongate transforms real-world assets and experiences into immutable digital tokens, enabling brands to forge direct and verifiable connections with their audiences. This innovative approach fosters deeper relationships, unlocks personalized experiences, and opens up opportunities for exclusive content and loyalty programs.

The company has amassed an active user base exceeding 100,000 individuals, with notable enterprise clients such as Wonderfruit (one of Southeast Asia's premier music festivals), ComplexCon (the globally renowned cultural conference by Complex), and Siam Piwat (a Thai conglomerate with annual revenue exceeding $1.5 billion) embracing Moongate's solutions. Furthermore, Moongate has secured long-term service contracts with leading Web3 platforms, including Binance and Avalanche, as well as major regional crypto conferences in over 30 countries.

Building upon its success, Moongate plans to introduce a suite of new features aimed at disrupting adjacent industry segments. The company's commitment to innovation is further demonstrated by the launch of the #MoonFarmer campaign, designed to showcase the potential of its Web3 engagement layer. This initiative incentivizes users and creators by rewarding them with points for active participation in platform activities, fostering creativity, cultivating ownership, and encouraging community engagement on the blockchain.

The company is steadfast in its mission to provide the essential utility and seamless connectivity required for the next generation of Web3 experiences. The highly anticipated early access to the private beta is scheduled for release this week, paving the way for the forthcoming public launch.

As Moongate continues to pioneer new horizons, the company remains dedicated to driving meaningful Web3 adoption across a spectrum of industries. With the unwavering support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize the way brands and consumers engage in the digital realm.

About Moongate

Moongate is a technology company building a modular Web3 engagement layer for real-world activations. By abstracting the complexities of blockchain technology, Moongate captures and records real-world experiences on-chain, enabling users to create a 'phygital' passport that unlocks rewards, access, and communities tied to their omni-channel profiles.

The company's flagship product, a decentralized ticketing platform, has gained significant traction, boasting an active user base of over 100,000 individuals and successful partnerships with major organizations such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its success, Moongate aims to expand its reach into other sectors, leveraging blockchain and AI technologies to transform interactive experiences.

About Titan Fund

Titan Fund provides accredited investors with access to compelling growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment approach. The fund focuses on seed to Series A investments in companies operating in key verticals, including infrastructure, fintech, and consumer.

Titan Fund is CMCC Global's latest fund strategy, complementing its Digital Asset Funds, which have been investing directly in protocols and crypto assets since 2016, and its SYZCrest fund of funds, which invests in crypto quant funds.

Contact:

Jonathan Mui, CEO
[email protected]