Moongate Raises $2.7M in Seed Funding to Transform Web3 Engagement

Moongate has raised $2.7M in a seed round led by CMCC Global's Titan Fund to develop a modular Web3 engagement layer for real-world activations. With an active user base of over 100,000 for its decentralized ticketing and membership platform, Moongate aims to expand its reach into other sectors and transform interactive experiences using blockchain and AI. The funding will accelerate product development and drive meaningful Web3 adoption across various industries.

Moongate Secures $2.7 Million Seed Funding to Revolutionize Web3 Engagement

Hong Kong, April 2, 2024 – Moongate, a leading innovator in Web3 engagement, has successfully closed a $2.7 million seed funding round to accelerate the development of its modular Web3 engagement layer for real-world activations.

The funding round was spearheaded by CMCC Global's Titan Fund, with significant participation from esteemed investors such as Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and prominent angel investors associated with Coingecko, Synthetix, and Dolphin Browser. Moongate has also received invaluable ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.

Driving Real-World Adoption of Web3

Moongate's mission is to drive meaningful adoption of Web3 technologies across various industries by empowering brands and consumers with a robust, modular Web3 engagement layer. This layer will seamlessly bridge the gap between the physical and digital worlds, enabling organizations to create and manage interactive experiences that leverage the transformative power of blockchain and artificial intelligence (AI).

"We are thrilled to receive the support of our esteemed investors as we forge ahead in our mission," said Jonathan Mui, Founder and CEO of Moongate. "This funding will expedite our product development and expand our reach, allowing us to unlock the full potential of Web3 engagement for countless industries."

Proven Success and Industry Recognition

Moongate has already established a strong track record of innovation with its flagship product, a decentralized ticketing and membership platform. The platform has exceeded 100,000 active users and boasts a roster of renowned enterprise clients, including Wonderfruit, ComplexCon, and Siam Piwat, a leading Thai conglomerate with annual revenue exceeding $1.5 billion. Moongate has also secured long-term service contracts with Binance and Avalanche, as well as prominent regional crypto conferences spanning over 30 countries.

#MoonFarmer Campaign: Showcasing the Potential of Web3 Engagement

To showcase the transformative potential of its Web3 engagement layer, Moongate has launched the #MoonFarmer campaign, an initiative that incentivizes users and content creators for their engagement on the platform. Points earned through various tasks foster creativity, ownership, and vibrant community participation on-chain.

"Moongate's approach to building a modular Web3 engagement layer holds immense value for brands and consumers," said Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund. "Their team's drive, commitment, and achievements in the ticketing industry underscore their exceptional potential. We are honored to support their mission of bringing Web3 to the next few hundred million people."

Accelerated Product Development and Public Launch

Moongate is poised to rapidly expand its offerings, leveraging the seed funding to accelerate product development and expand its user base. The highly anticipated private beta launch, scheduled for this week, will provide early adopters with exclusive access to the platform. The public launch, set to follow shortly after, will unveil the full scope of Moongate's innovative solutions.

As Moongate continues to evolve, the company remains steadfast in its commitment to driving meaningful Web3 adoption across sectors. With the support of its renowned investors and the success of its flagship product, Moongate is well-positioned to transform the way brands and consumers interact in the digital age.

About Moongate

Moongate is a leading provider of a modular Web3 engagement layer for real-world activations, harnessing the power of blockchain to record real-world experiences on-chain. This innovative layer enables users to create 'phygital' passports, unlocking a world of rewards, exclusive access, and immersive communities tied to their omni-channel profiles. Moongate's flagship decentralized ticketing platform has garnered significant traction, with an active user base exceeding 100,000 and partnerships with major enterprises worldwide. Backed by its success, Moongate aims to extend its reach into other sectors, leveraging blockchain and AI technologies to revolutionize interactive experiences.

About Titan Fund

Titan Fund is a venture capital fund managed by CMCC Global, offering accredited investors exposure to promising growth opportunities within the blockchain ecosystem. The fund primarily invests in seed to Series A companies operating in the key verticals of infrastructure, fintech, and consumer. Titan Fund complements CMCC Global's existing investment strategies, including its Digital Asset Funds and SYZCrest fund of funds.

Media Contact

Jonathan Mui
Moongate
jon@moongate.id

Disclaimer

This press release is provided for informational purposes only and does not constitute investment advice. Individuals are strongly encouraged to conduct their own research before making any financial decisions.