• Courtside VC, Merit Circle, and Animoca Brands are leading Planet Mojo’s $10.5 million in strategic investments.

• The money will be used to develop Planet Mojo’s Web3 gaming metaverse, which includes the recently released GoGo Mojo and its main game, Mojo Melee.

• Introducing $MOJO tokens and organizing token airdrops to encourage community participation and pay contributors

Significantly strengthening its Web3 game metaverse, Planet Mojo has revealed a large round of strategic funding.

Leading investors include Courtside VC, Animoca Brands, and Merit Circle. This funding represents a significant turning point for the business, raising $10.5 million in total.

The strategic funding round at Planet Mojo propels the development of the Web3 gaming metaverse

The fundraising, led by Animoca Brands, Merit Circle, and Courtside VC, represents a turning point in Mojo’s development. This fundraising round comes after Animoca Brands led a $5 million seed round in December 2021, demonstrating ongoing belief in Planet Mojo’s web3 gaming proposition.

Notable new investors who demonstrate broad interest in the company’s activities include Spartan Group, Citizen Capital, Sfermion, and others.

Coins and Airdrop Projects

In keeping with its growth plan, Mojo just unveiled the native ecosystem token $MOJO. Additionally, plans for token airdrops to encourage community involvement and reward participation were revealed.

To start an airdrop event worth $150,000 in MOJO tokens, the company has teamed up with cryptocurrency exchange Bybit. Users are encouraged to finish cross-community activities to be qualified.

Excited about these advancements, Mystic Moose founder and CEO Mike Levine emphasized their dedication to enabling players through Web3 asset ownership and interoperability, two essential aspects of Web3 gaming.

Development of Ecosystems Fueled

The infusion of new money will quicken the studio’s development trajectory and support the continuous growth of the Mojo ecosystem. With its 2023 release, Mojo Melee, the company’s main game, gives players a next-generation AutoChess Battler experience with real prizes.

Furthermore, the launch of GoGo Mojo, a dynamic endless runner, demonstrates the company’s dedication to offering engaging gaming experiences. GoGo Mojo distinguishes itself by including Mojo Melee’s customised mod-able mojos, which create an interoperable gaming world with power-ups, competitive leaderboards and alluring prizes.

The on-chain avatar system, Mojo Maker, is expected to improve player experiences throughout the ecosystem and further establish Mojo’s standing in the web3 gaming market.

Mojo is a firm dedicated to innovation and community involvement as it advances in the ever-changing Web3 gaming industry. With its recent strategic fundraising round driving its efforts, Planet Mojo intends to shift towards more metaverse growth and evolution.

Using the Principles of Web3

Mojo’s ethos is committed to decentralization, interoperability, and user empowerment, which are Web3 technical concepts. The startup wants to completely reimagine gaming using blockchain technology to let players own and profit from their in-game assets.

ALSO, READ: Thailand Enhances Regulation of Digital Assets by Cooperation

Inspiring Community Involvement

Mojo’s thriving and welcoming gaming, developer, and enthusiast community lies at the heart of its success. The company promotes a feeling of belonging and shared ownership among its stakeholders through token airdrops, community gatherings, and cooperative alliances.

Breaking through limits with creativity

Pioneers in the Web3 game industry, Mojo never stops pushing the envelope of what is thought to be feasible. By introducing novel gaming mechanics, integrating NFTs, and investigating new technologies, the business aims to produce engaging and unforgettable experiences that deeply connect with players.

Joining the Real and Virtual Worlds

Mojo works to close the gap between the virtual and actual worlds outside the digital domain. The company looks at ways to take the gaming experience outside the screen and haze the boundaries between fantasy and reality through intelligent partnerships with brands, platforms, and content producers.

Creative and expressive empowerment

Mojo’s mission centers on the conviction that expression and creativity are powerful. The company helps ambitious developers and content producers realize their ideas inside the Mojo ecosystem, adding to the metaverse’s overall fabric.

ALSO, READ: Awakening of African Blockchains Encourages Investor Optimism, Says CV Summit

Final Thought

Since its founding, Mojo Melee has reached important turning points, such as a strategic alliance with Amazon Prime that improves Prime members’ access to special Mojo Melee NFTs.

Built on the Polygon blockchain, it provides more scalability; the game offers players engaging experiences and chances to win actual prizes by enabling smooth communication within the Web3  community.

Mojo is positioned to propel innovation in the web3 industry and guarantee interesting experiences for gamers everywhere through ongoing investor support and key alliances.