Moongate Raises $2.7 Million in Funding to Create Modular Web 3.0 Engagement Layer for Real-World Activation

Bittime - Moongate announced it raised $2.7 million in seed funding to develop a modular Web 3.0 engagement layer for real-world activations.

Moongate, which previously succeeded in bringing major changes to the ticket sales industry, is now expanding into other sectors. It is an attempt to transform interactive experiences using blockchain technology and AI.

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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 well-known individual investors from Coingecko, Synthetix and Dolphin Browser. 

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

Moongate CEO's expression of joy

Jonathan Mui, founder and CEO of Moongate, expressed his delight at the investors' support. He said he was thrilled to have the support of investors as he continues to build out the modular Web 3.0 engagement layer. 

"This funding will accelerate our product development and advance our mission to drive meaningful adoption of Web 3.0 across industries," he said.

Shiau Sin Yen, co-founder and Managing Partner of CMCC Global's Titan Fund, sees huge potential in Moongate. He said that Moongate is at the forefront of encouraging the adoption of Web 3.0 technology in the real world. 

Their approach to creating a modular Web 3.0 engagement layer will unlock significant value for brands and consumers. The founders' passion and commitment - along with their achievements in the ticketing industry - illustrate their potential. 

“We're excited to support this team as they bring Web 3.0 to the next hundreds of millions of people,” said Sin Yen.

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Over 100,000 Active Users for Decentralized Ticketing and Membership Platform

Moongate has made significant strides with their main product, which is a decentralized ticketing and membership platform.

By converting real-world assets and experiences (RWA) into immutable digital tokens on the blockchain, the platform enables brands to build direct, authenticated channels with their fans. 

This drives deeper relationships and opens up opportunities for personalized experiences, exclusive content, and loyalty programs.

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The company has an active user base that exceeds 100,000 people. This includes large companies as clients who have successfully implemented the solution. 

Some high-profile clients include Wonderfruit (one of Southeast Asia's largest music festivals) and ComplexCon (a renowned global cultural conference by Complex). In addition there is Siam Piwat (a large conglomerate in Thailand with annual revenues of more than $1.5 billion).

Moongate has also secured long-term service contracts with leading Web 3.0 platforms - including Binance and Avalanche - as well as with major regional crypto conferences in more than 30 countries.

Building a #MoonFarmer Campaign to Drive Web 3.0 Engagement

To demonstrate the potential of their Web 3.0 engagement layer, Moongate has launched the #MoonFarmer campaign. 

This initiative is designed to incentivize users and creators by giving them points for engaging in various tasks on the platform. This encourages creativity, ownership, and community participation on-chain.

The company is committed to providing the utilities and connectivity necessary for the next generation of Web 3.0 experiences. The highly anticipated early access to the closed beta is scheduled to release this week, ahead of the public launch.

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Moongate: Pioneering the Future of Brand-Consumer Engagement

By continuing to innovate and expand its offerings, Moongate remains committed to its mission to drive meaningful adoption of Web 3.0 across industries. 

With investor backing and the success of its flagship product, Moongate is well positioned to revolutionize the way brands and consumers interact in the digital era.

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