Moongate has recently closed a $2.7M Seed round to work on a Modular Web3 Engagement Layer for Real-World Activations. With a track record of shaking up the ticketing industry, the company is now setting its sights on other sectors, leveraging blockchain and AI to revolutionize interactive experiences.
The funding round was spearheaded by CMCC Global’s Titan Fund, accompanied by Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and prominent angel investors from Coingecko, Synthetix, and Dolphin Browser. The team also secured 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 100k Active Users for Flagship Decentralized Ticketing and Membership Platform
Moongate has made impressive progress with its flagship product, a decentralized ticketing and membership platform. By transforming tangible assets and real-life encounters into unchangeable digital tokens on the blockchain, brands can establish direct and verified connections with their supporters. This paves the way for stronger relationships and the potential for tailored experiences, exclusive content, and loyalty programs.
The company has an impressive user base of over 100,000 users, and many major enterprise customers have successfully implemented the solution. Client portfolio boasts impressive names such as Wonderfruit, a prominent music festival in Southeast Asia, ComplexCon, a highly respected cultural conference organized by Complex, and Siam Piwat, a major conglomerate in Thailand generating over $1.5 billion in annual revenue.
Additionally, Moongate has established secure, long-term service agreements with prominent Web3 platforms such as Binance and Avalanche. It has also partnered with major regional crypto conferences in over 30 countries. With its track record of success, Moongate is poised to shake up other industry segments by introducing innovative new feature sets.
Explore the world of Web3 Engagement with the exciting #MoonFarmer Campaign
Moongate has recently launched the #MoonFarmer campaign to demonstrate the capabilities of its Web3 engagement layer. This program aims to motivate users and creators by offering them points for participating in different activities on the platform. It encourages creativity, ownership, and community involvement on the blockchain.
The company is dedicated to delivering the utility and connectivity needed for the future generation of Web3 experiences. With the private beta set to be released this week, excitement is building for the highly anticipated early access before the public launch.
With Moongate’s relentless pursuit of innovation and continuous expansion of its offerings, the company remains steadfast in its mission to foster widespread adoption of Web3 technology across diverse industries. Thanks to strong investor backing and the impressive performance of its flagship product, Moongate is poised to transform the way brands and consumers engage in the digital era.
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