Moongate Raises $2.7 Million to Revolutionize Web3 Engagement for Real-World Applications

Moongate secures $2.7M Seed funding led by CMCC Global's Titan Fund, aiming to expand its reach beyond the ticketing industry. Backed by its success with a decentralized ticketing platform, Moongate plans to develop a modular Web3 Engagement Layer for Real-World Activations. The funding will accelerate product development and drive meaningful Web3 adoption across various sectors, fostering deeper brand-consumer relationships and unlocking personalized experiences. Notable investors include Token Bay Capital, Penrose Ventures, and ecosystem giants such as Arbitrum, Polygon, Avalanche, and BNB Chain.

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

Hong Kong, Hong Kong, April 2nd, 2024 - Moongate, a pioneering Web3 engagement platform, has successfully closed a $2.7M seed funding round to expand its reach and transform interactive experiences across diverse industries. The funding will accelerate the development of Moongate's modular Web3 engagement layer, empowering brands and consumers to connect seamlessly and unlock the full potential of Web3 technologies.

Led by CMCC Global's Titan Fund, the investment round has attracted a consortium of esteemed venture capital firms and angel investors, including Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable individuals from Coingecko, Synthetix, and Dolphin Browser. Additionally, Moongate has secured ecosystem grants and support from leading blockchain platforms such as Arbitrum, Polygon, Avalanche, and BNB Chain, underscoring its strong industry backing.

"We are incredibly grateful for the unwavering support of our investors as we continue to build out our modular Web3 engagement layer," said Jonathan Mui, Founder and CEO of Moongate. "This funding will not only accelerate our product development but also enable us to further our mission of driving meaningful Web3 adoption across various sectors."

Driving Real-World Web3 Adoption

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund, expressed his confidence in Moongate's potential: "Moongate is at the forefront of driving real-world adoption of Web3 technologies. Their innovative approach to creating a modular Web3 engagement layer has the potential to unlock significant value for both brands and consumers. The founders' proven track record and unwavering commitment to the Web3 space make us highly optimistic about their ability to bring Web3 to the next level of mass adoption."

Flagship Ticketing and Membership Platform Powers Growth

Moongate has already achieved remarkable success with its flagship product, a decentralized ticketing and membership platform. The platform transforms real-world assets and experiences into immutable digital tokens on the blockchain, enabling brands to establish direct and authenticated channels with their fans. This fosters deeper relationships and unlocks a wealth of opportunities for personalized experiences, exclusive content, and loyalty programs.

With an active user base exceeding 100,000 individuals, Moongate has garnered the trust of major enterprise clients, including prominent events such as Wonderfruit, ComplexCon, and Siam Piwat. The company has also secured long-term service contracts with industry leaders like Binance and Avalanche, as well as with major regional crypto conferences in over 30 countries.

Building on its success in the ticketing sector, Moongate plans to introduce new feature sets and expand into adjacent industry segments, further solidifying its position as a driving force in Web3.

#MoonFarmer Campaign Showcases Web3 Engagement Layer

To showcase the transformative potential of its Web3 engagement layer, Moongate has launched the #MoonFarmer campaign. This initiative incentivizes users and creators to engage with the platform by rewarding them with points for completing various tasks. This fosters creativity, ownership, and community participation on-chain, laying the foundation for a vibrant and engaged Web3 ecosystem. Early access to the private beta of the Web3 engagement layer is set to roll out this week, followed by a public launch.

Driving Meaningful Web3 Adoption

As Moongate continues to innovate and grow, its unwavering commitment to driving meaningful Web3 adoption remains at the core of its mission. The company believes that Web3 technologies have the power to revolutionize the way brands and consumers interact in the digital age, creating more immersive, personalized, and rewarding experiences. With the support of its investors and the success of its flagship product, Moongate is well-positioned to lead this transformation.

Media Enquiries:

Jonathan Mui: [email protected]

About Moongate

Moongate is building a Modular Web3 Engagement Layer for Real-World Activations, abstracting the complexities of blockchain technology to record real-world experiences on-chain. This empowers users to create a 'phygital' passport that unlocks exclusive rewards, access, and communities tied to their omni-channel profiles. Moongate's flagship product, a decentralized ticketing platform, has demonstrated significant traction with over 100,000 active users and successful partnerships with industry leaders such as Binance, Avalanche, Wonderfruit, ItsTheShip, Token2049, Siam Piwat, and many more across 30+ countries. Backed by its proven success, Moongate aims to expand its reach into other sectors, transforming interactive experiences through the integration of blockchain and AI technologies.

About Titan Fund

Titan Fund offers accredited investors access to promising growth opportunities within the blockchain ecosystem. Utilizing a traditional equity venture capital investment strategy, the fund focuses on seed to Series A companies across key verticals such as Infrastructure, Fintech, and Consumer. Titan Fund is the latest strategic fund from CMCC Global and complements its Digital Asset Funds, which have invested in protocols and crypto assets since 2016, and SYZCrest, its fund of funds that invests in crypto quant funds.