There is a new star in Hong Kong’s emerging tech scene – Moongate. This pioneering startup has announced it has secured an impressive $2.7 million in seed funding to develop a unique Web3 engagement layer designed to bridge the gap between the real world and the exciting world of Web3.
The funding round, testament to the huge potential of Moongate’s approach, comes at a critical moment for Web3. With blockchain technology rapidly gaining popularity across industries, the need for user-friendly and engaging solutions to onboard new users is paramount. This is where Moongate steps in.
Moongate’s flagship product, a decentralized ticketing and membership platform, has already attracted significant attention with over 100,000 active users. This early success story highlights the growing demand for Web3 solutions that meet real-world applications.
But Moongate isn’t stopping there. The newly acquired seed funding will fuel the development of their ambitious “Modular Web3 Engagement Layer”. This innovative layer promises to be a game-changer, providing businesses and organizations with a versatile toolkit to seamlessly integrate Web3 functionalities into their existing operations.
Imagine a world where concert tickets are not just digital receipts, but NFTs that unlock exclusive content or merchandise. Picture loyalty programs that reward customers with crypto tokens usable in the partner ecosystem. These are just some of the possibilities unlocked by Moongate’s groundbreaking Web3 engagement layer.
“We are thrilled to have the support of our investors as we continue to build out our modular Web3 engagement layer,” said Jonathan Mui, Founder and CEO of Moongate. “This funding will accelerate our product development and advance our mission to drive meaningful Web3 adoption across a variety of industries.”
The funding round attracted a distinguished group of investors, highlighting the confidence in Moongate’s vision. Notably, the company received not only financial support but also ecosystem grants and support from major blockchain networks such as Arbitrum, Polygon, Avalanche, and BNB Chain. This collaborative approach positions Moongate for success in the ever-evolving Web3 landscape.
With a strong product, clear vision and the backing of industry veterans, Moongate is set to take the Web3 engagement space by storm. Their innovative solutions have immense potential to usher in a new era of user-friendly and accessible Web3 experiences, which will ultimately bridge the gap between the virtual and physical worlds.