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Crypto Updates

Moongate Raises $2.7 Million Seed Round To Develop a Modular Web 3.0 Engagement Layer for Real-World Activations

Moongate Raises $2.7 Million Seed Round To Develop a Modular Web 3.0 Engagement Layer for Real-World Activations

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April 2, 2024 – Hong Kong, Hong Kong

Moongate announces the closing of a $2.7 million seed round to develop a modular Web 3.0 engagement layer for real-world activations.

Backed by its success in disrupting the ticketing industry, the company aims to expand its reach into other sectors to transform interactive experiences using blockchain and AI.

The funding round was led by CMCC Global’s Titan Fund, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital and PHD Capital, as well as notable angel investors from Coingecko, Synthetix and Dolphin Browser.

The team also received ecosystem grants and support from Arbitrum, Polygon, Avalanche and BNB Chain.

Expressing his excitement for the investor support, Jonathan Mui, founder and CEO of Moongate, said,

“We are thrilled to have the backing of our investors as we continue to build out our modular Web 3.0 engagement layer.

“This funding will accelerate our product development and further our mission of driving meaningful Web 3.0 adoption across various industries.”

Affirming Moongate’s potential, Shiau Sin Yen, co-founder and managing partner of CMCC Global’s Titan Fund, said,

“Moongate is at the forefront of driving real-world adoption of Web 3.0 technologies. Their approach to creating a modular Web 3.0 engagement layer will unlock significant value for brands and consumers.

“The founders’ drive and commitment along with their achievements in the ticketing industry – illustrate their potential. We’re excited to support the team as they bring Web 3.0 to the next few hundred million people.”

Over 100,000 active users for flagship decentralized ticketing and membership platform

Moongate has already made significant strides with its flagship product a decentralized ticketing and membership platform.

By transforming RWAs (real-world assets) and experiences into immutable digital tokens on the blockchain, it allows brands to establish direct, authenticated channels with their fans, fostering deeper relationships and unlocking opportunities for personalized experiences, exclusive content and loyalty programs.

The company boasts an active user base exceeding 100,000 individuals, with major enterprise customers successfully implementing the solution.

Notable clients include Wonderfruit, one of Southeast Asia’s largest music festivals, ComplexCon, a globally renowned cultural conference by Complex and Siam Piwat, a…

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