Moongate, a leading Web3 engagement layer for real-world activations, has closed a $2.7M seed round led by Titan Fund, the venture arm of CMCC Global. With participation from Token Bay Capital, Penrose Ventures, and notable angel investors, Moongate aims to revolutionize brand-consumer interactions through blockchain technology. Its flagship decentralized ticketing platform has over 100,000 active users and partnerships with major enterprises like Binance, Avalanche, and Wonderfruit. Moongate plans to expand its reach into other sectors, transforming experiences using blockchain and AI.

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

Hong Kong, April 2nd, 2024 - Moongate, a leading innovator in Web3 engagement solutions, has closed a successful $2.7M seed funding round, led by CMCC Global's Titan Fund. This strategic investment will empower Moongate to accelerate its development of a modular Web3 engagement layer, enabling brands and consumers to seamlessly connect and unlock immersive experiences across the physical and digital realms.

The funding round witnessed the participation of a diverse group of renowned venture capital firms, including Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and prominent angel investors from Coingecko, Synthetix, and Dolphin Browser. Additionally, Moongate has received invaluable ecosystem grants and support from leading blockchain platforms such as Arbitrum, Polygon, Avalanche, and BNB Chain.

"We are incredibly honored to have the support of our esteemed investors as we embark on this exciting journey to reshape Web3 engagement and real-world experiences," exclaimed Jonathan Mui, Founder and CEO of Moongate. "This funding will serve as a catalyst for our product development, propelling our mission to drive meaningful Web3 adoption across multiple industries."

Shiau Sin Yen, Co-founder and Managing Partner of CMCC Global's Titan Fund, expressed his confidence in Moongate's transformative potential: "Moongate is spearheading the efforts to drive real-world adoption of Web3 technologies. Their innovative approach to creating a modular Web3 engagement layer will unlock immense value for brands and consumers alike. The founders' exceptional drive and commitment, coupled with their proven success in the ticketing industry, underscore their remarkable capabilities. We are thrilled to join forces with the Moongate team as they pave the way for Web3 to reach the next several hundred million people."

Moongate's Flagship Product: Empowering Real-World Activations with Decentralized Ticketing and Membership

Moongate's flagship product, a decentralized ticketing and membership platform, has already made significant strides, boasting an active user base exceeding 100,000 individuals. This innovative platform empowers brands to establish direct, authenticated connections with their fans, foster deeper relationships, and unlock exclusive content, personalized experiences, and loyalty programs.

Moongate's clientele includes esteemed enterprise partners such as Wonderfruit, Southeast Asia's premier music festival; ComplexCon, the globally renowned cultural conference by Complex; and Siam Piwat, a Thai conglomerate with over $1.5 billion in annual revenue. The company has also secured long-term service contracts with leading Web3 platforms, including Binance and Avalanche, as well as prominent crypto conferences across more than 30 countries. Building upon this success, Moongate is poised to introduce novel feature sets, disrupting adjacent industry segments.

MoonFarmer Campaign: A Showcase of Web3 Engagement Layer's Potential

To demonstrate the transformative potential of its Web3 engagement layer, Moongate has unveiled the #MoonFarmer campaign. This initiative incentivizes users and creators to engage with the platform, fostering creativity, ownership, and on-chain community participation. By completing various tasks, participants earn points that unlock exclusive rewards.

Moongate is dedicated to providing the utility and connectivity required for the next generation of Web3 experiences. The much-anticipated private beta early access is scheduled to roll out this week, paving the way for the forthcoming public launch. Further details about the engaging #MoonFarmer campaign can be found on the official website.

As Moongate continues to innovate and expand its offerings, it remains steadfast in its mission to drive meaningful Web3 adoption across diverse industries. With the unwavering support of its investors and the resounding success of its flagship product, Moongate is poised to revolutionize the way brands and consumers interact in the digital age, seamlessly bridging the physical and virtual worlds.

About Moongate

Moongate is a pioneering force in the development of a Modular Web3 Engagement Layer for Real-World Activations. By harnessing the transformative power of blockchain, Moongate simplifies the complexities of blockchain technology, enabling real-world experiences to be seamlessly recorded on-chain. This innovative approach allows users to create a 'phygital' passport, unlocking a world of rewards, exclusive access, and vibrant communities tied to their omni-channel profiles.

Moongate's flagship product, a decentralized ticketing platform, has already garnered significant traction, with an active user base of over 100,000 individuals. The company has forged 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 is determined to expand its reach into other sectors, transforming interactive experiences through the synergistic integration of blockchain and AI technologies.

About Titan Fund

Titan Fund provides accredited investors with access to exceptional growth opportunities within the blockchain ecosystem. Operating a traditional equity venture capital investment strategy, the fund focuses on seed to series A companies aligned with key investment verticals: Infrastructure, Fintech, and Consumer. Titan Fund is CMCC Global's latest fund strategy, complementing its Digital Asset Funds, which have been actively investing in protocols and crypto assets since 2016, and its SYZCrest fund of funds, which invests in crypto quant funds.

Media Contact

Jonathan Mui, CEO

Moongate

[email protected]