Moongate Raises $2.7M Seed Round to Develop a Modular Web3 Engagement Layer for Real-World Activations

Hong
Kong,
Hong
Kong,
April
2nd,
2024,
Chainwire

Moongate
announces
the
closing
of
a
$2.7M
Seed
round
to
develop
a
Modular
Web3
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,
PHD
Capital,
and
notable
angel
investors
from
Coingecko,
Synthetix,
and
Dolphin
Browser.
The
team
also
received
ecosystem
grants
and
support
from
Arbitrum,
Polygon,
Avalanche,
and
BNB
Chain. 

“We
are
thrilled
to
have
the
backing
of
our
investors
as
we
continue
to
build
out
our
modular
Web3
engagement
layer.
This
funding
will
accelerate
our
product
development
and
further
our
mission
of
driving
meaningful
Web3
adoption
across
various
industries,”
said

Jonathan
Mui,
Founder
and
CEO
of
Moongate,
expressing
his
excitement
for
the
investor
support.

Shiau
Sin
Yen,
Co-founder
and
Managing
Partner
of
CMCC
Global’s
Titan
Fund,
affirmed
Moongate’s
potential:
“Moongate
is
at
the
forefront
of
driving
real-world
adoption
of
Web3
technologies.
Their
approach
to
creating
a
modular
Web3
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
Web3
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
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
major
conglomerate
in
Thailand
with
over
$1.5
billion
in
annual
revenue.
Moongate
has
also
secured
long-term
service
contracts
with
leading
Web3
platforms,
including
Binance
and
Avalanche,
as
well
as
with
major
regional
crypto
conferences
across
more
than
30
countries.
Building
upon
its
success,
Moongate
plans
to
introduce
new
feature
sets
to
disrupt
adjacent
industry
segments. 

Experience
Web3
Engagement
through
the
#MoonFarmer
Campaign

To
showcase
the
potential
of
its
Web3
engagement
layer,
Moongate
has
unveiled
the

#MoonFarmer
campaign.
This
initiative
is
designed
to
incentivize
users
and
creators
by
rewarding
them
with
points
for
engaging
in
various
tasks
on
the
platform,
fostering
creativity,
ownership,
and
community
participation
on-chain.

The
company
is
committed
to
providing
the
utility
and
connectivity
required
for
the
next
generation
of
Web3
experiences.
The
highly
anticipated
early
access
to
the
private
beta
is
scheduled
to
roll
out
this
week,
leading
up
to
the
public
launch.
Further
details
about
the
campaign
can
be
found
in
the
linked

post.

As
Moongate
continues
to
innovate
and
expand
its
offerings,
the
company
remains
dedicated
to
its
mission
of
driving
meaningful
Web3
adoption
across
various
industries.
With
the
support
of
its
investors
and
the
success
of
its
flagship
product,
Moongate
is
well-positioned
to
revolutionize
the
way
brands
and
consumers
interact
in
the
digital
age.

For
media
enquiries,
users
can
contact:

Jonathan
Mui:


[email protected]

About
Moongate 

Moongate
is
building
a
Modular
Web3
Engagement
Layer
for
Real-World
Activations,
abstracting
the
complexity
of
blockchain
to
record
real-world
experiences
on-chain.
This
allows
users
to
create
a
‘phygital’
passport
to
unlock
various
rewards,
access,
and
communities
tied
to
their
omni-channel
profiles.
The
company’s
flagship
product,
a
decentralized
ticketing
platform,
has
already
demonstrated
significant
traction,
with
an
active
user
base
of
more
than
100,000
individuals
and
successful
partnerships
with
major
enterprises
such
as
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
to
transform
interactive
experiences
using
blockchain
and
AI
technologies.

To
learn
more
users
can
visit
Moongate’s

Official
Website
|

Twitter
|

LinkedIn 

​​About
Titan
Fund

Titan
Fund
offers
accredited
investors
exposure
to
attractive
growth
opportunities
within
the
blockchain
ecosystem
through
a
traditional
equity
venture
capital
investment
strategy
focusing
on
seed
to
series
A
companies
along
the
key
investment
verticals
of
Infrastructure,
Fintech
and
Consumer.
The
Titan
Fund
is
CMCC
Global’s
latest
fund
strategy
and
complements
its
Digital
Asset
Funds,
which
have
been
investing
directly
into
protocols
and
crypto
assets
since
2016,
and
its
SYZCrest
fund
of
funds
that
invests
into
crypto
quant
funds.

To
learn
more
users
can
visit

Titan
Fund
Official
Website

Contact

CEO
Jonathan
Mui
Moongate
[email protected]