Moongate Raises $2.7M to Revolutionize Web3 Engagement for Real-World Interactions

Moongate, a provider of Web3 engagement solutions, secured $2.7M in a Seed round led by CMCC Global's Titan Fund to develop a Modular Web3 Engagement Layer for real-world activations. The funding will accelerate product development and expand the company's reach beyond its successful ticketing platform into other sectors, leveraging blockchain and AI to transform interactive experiences. Notable investors include Token Bay Capital, Penrose Ventures, and angel investors from Coingecko, Synthetix, and Dolphin Browser.

Moongate Secures $2.7M Seed Funding to Revolutionize Web3 Engagement for Real-World Interactions

Hong Kong, April 2nd, 2024 - Moongate, a pioneering Web3 engagement platform, has successfully closed a $2.7M Seed funding round to accelerate its mission of transforming interactive experiences. The funding will fuel the development of Moongate's Modular Web3 Engagement Layer, a groundbreaking solution that empowers brands and individuals to harness the transformative power of blockchain and AI.

Investor Confidence in Moongate's Vision

This significant investment round was led by CMCC Global's Titan Fund, with notable participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and esteemed angel investors hailing from Coingecko, Synthetix, and Dolphin Browser. Moongate's renowned track record, particularly in the ticketing industry, played a crucial role in attracting such a diverse and prestigious group of investors.

"We're honored by the unwavering support of our investors as we embark on this exciting journey to establish a cutting-edge Web3 engagement layer," said Jonathan Mui, Founder and CEO of Moongate. "This funding will propel our product development and serve as a catalyst for widespread Web3 adoption across diverse industries."

CMCC Global's Titan Fund Expresses Confidence in Moongate's Potential

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund, extols Moongate's transformative approach, stating, "Moongate is positioned at the forefront of driving real-world adoption of Web3 technologies. Their innovative Web3 engagement layer will unlock unparalleled value for brands and consumers alike. The founders' exceptional drive, coupled with their proven success in the ticketing industry, underscores their immense potential. We are thrilled to support Moongate's mission to bring Web3 to the next wave of millions of users."

Decentralized Ticketing Platform Paves the Way for Web3 Expansion

Moongate's flagship decentralized ticketing and membership platform has already garnered over 100,000 active users. By leveraging blockchain technology, Moongate empowers businesses to seamlessly transform real-world assets and experiences into immutable digital tokens. This paradigm shift enables brands to establish direct and authenticated channels with their loyalists, fostering deeper connections and unlocking a myriad of opportunities for personalized experiences, exclusive content, and lucrative loyalty programs.

Moongate's Client Roster Boasts Industry Titans

The company's impressive client portfolio includes industry leaders such as Wonderfruit, Southeast Asia's premier music festival; ComplexCon, Complex's globally acclaimed cultural conference; and Siam Piwat, a Thai conglomerate with over $1.5 billion in annual revenue. Moreover, Moongate has secured long-term service contracts with Binance and Avalanche, leading Web3 platforms, and major regional crypto conferences across more than 30 countries.

Expanding Horizons through Strategic Partnerships

Building on its success in the ticketing industry, Moongate is poised to introduce groundbreaking features and functionalities that will disrupt adjacent industry segments. By integrating blockchain and AI technologies, the company aims to transform the very nature of consumer engagement.

#MoonFarmer Campaign: A Showcase of Web3 Engagement

To demonstrate the transformative potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer campaign. This ingenious initiative incentivizes users and creators to engage in various platform activities, rewarding them with points that unlock exclusive rewards, foster creativity, and promote community participation on-chain.

Early Access to Private Beta

The highly anticipated early access to Moongate's private beta is scheduled for this week, paving the way for the upcoming public launch. Further details about the #MoonFarmer campaign and private beta can be found by visiting the campaign's dedicated post.

Mission to Drive Meaningful Web3 Adoption

Moongate is unwavering in its mission to drive widespread Web3 adoption across a diverse spectrum of industries. The company's innovative solutions, coupled with the support of its esteemed investors and the success of its flagship product, position Moongate as a pivotal force in shaping the future of brand-consumer interactions in the digital era.

About Moongate

Moongate is a pioneering Web3 engagement platform building a Modular Web3 Engagement Layer for Real-World Activations. By abstracting the complexities of blockchain technology, Moongate empowers users to record real-world experiences on-chain, creating a 'phygital' passport that unlocks a world of rewards, access, and communities tied to their omni-channel profiles. Moongate's flagship decentralized ticketing platform has gained widespread recognition, attracting over 100,000 active users and establishing partnerships with industry giants such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its proven success, Moongate is poised to expand its reach into new sectors, transforming interactive experiences through the convergence of blockchain and AI technologies.

About Titan Fund

Titan Fund, an initiative of CMCC Global, offers accredited investors exposure to promising growth opportunities within the blockchain ecosystem. The fund employs a traditional equity venture capital investment strategy, focusing on seed to series A companies operating in key verticals such as Infrastructure, Fintech, and Consumer. Titan Fund complements CMCC Global's existing Digital Asset Funds, which have invested directly in protocols and crypto assets since 2016, and its SYZCrest fund of funds, which invests in crypto quant funds.