Moongate Raises $2.7 Million to Transform Real-World Experiences with Web3 Module

Moongate has raised $2.7 million in seed funding to develop a Web3 engagement layer for real-world activations. The round was led by CMCC Global's Titan Fund, with participation from Token Bay Capital, Penrose Ventures, and others. Moongate aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI. The company's flagship product, a decentralized ticketing platform, has already demonstrated traction, with an active user base of over 100,000 individuals and successful partnerships with major enterprises.

Moongate Secures $2.7 Million Seed Funding to Revolutionize Real-World Engagements with Modular Web3 Layer

Hong Kong, April 2, 2024 - Moongate, a trailblazing blockchain company, has announced a successful $2.7 million seed funding round to advance its mission of transforming interactive experiences through a modular Web3 engagement layer. Boasting an active user base of over 100,000, Moongate's flagship decentralized ticketing and membership platform has already disrupted the industry, and the company now aims to expand its reach into other sectors.

Investment Support from Industry Leaders

Led by CMCC Global's Titan Fund, the funding round garnered participation from prominent investors such as Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and notable angel investors from Coingecko, Synthetix, and Dolphin Browser. Moongate has also received ecosystem grants and support from Arbitrum, Polygon, Avalanche, and BNB Chain.

"We are thrilled to have the support of such esteemed investors who share our vision of empowering brands and consumers with the transformative power of Web3," said Jonathan Mui, Founder and CEO of Moongate.

Recognizing Moongate's Potential

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund, expressed confidence in Moongate's potential to reshape real-world applications of Web3 technologies: "Moongate is at the forefront of driving consumer adoption of Web3. Their modular approach to engagement will unlock tremendous value for both brands and consumers. We are excited to join them on their mission to bring Web3 to the next few hundred million people."

Disrupting the Industry

Moongate's decentralized ticketing and membership platform has made significant strides in transforming real-world experiences into immutable digital tokens on the blockchain. This enables brands to establish direct and authenticated channels with their fans, fostering deeper relationships and unlocking new opportunities for personalized engagement, exclusive content, and tailored loyalty programs.

Major enterprises, including Wonderfruit, ComplexCon, and Siam Piwat, have successfully implemented Moongate's solutions. The company has also secured long-term service contracts with Binance and Avalanche, as well as major regional crypto conferences in over 30 countries. Building upon this success, Moongate plans to introduce new feature sets to disrupt adjacent industry segments.

#MoonFarmer Campaign

To showcase the versatility of its Web3 engagement layer, Moongate has launched the #MoonFarmer campaign. This initiative empowers users and creators by rewarding them with points for engaging in various on-platform tasks, fostering creativity, ownership, and community participation on-chain.

The company is committed to providing the infrastructure and connectivity essential for the next generation of Web3 experiences. Early access to the private beta is scheduled to roll out this week, paving the way for the public launch. Further details about the campaign can be found on the official post.

Driving Web3 Adoption

As Moongate continuously innovates and expands its offerings, the company remains steadfast in its mission to drive meaningful Web3 adoption across industries. With the support of its investors and the success of its flagship product, Moongate is well-positioned to revolutionize digital interactions between brands and consumers.

About Moongate

Moongate is building a Modular Web3 Engagement Layer for Real-World Activations, simplifying the complexity of blockchain to record real-world experiences on-chain. This allows users to create a "phygital" passport to access rewards, exclusive content, and communities tied to their omni-channel profiles. The company's flagship decentralized ticketing platform has gained significant traction, with over 100,000 active users and partnerships with 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, transforming interactive experiences with blockchain and AI technologies.

About Titan Fund

Titan Fund provides accredited investors with access to growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy. The fund focuses on seed to Series A companies along the key investment verticals of Infrastructure, Fintech, and Consumer. Titan Fund is CMCC Global's latest fund strategy, complementing its Digital Asset Funds and SYZCrest fund of funds.

For Media Inquiries:

Jonathan Mui, Moongate
jon@moongate.id