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]

Grand Cayman, Cayman Islands, April 1st, 2024, Chainwire

Quick Take

• BSX, backed by Base Ecosystem Fund, is set to raise the bar as the world’s foremost premier, high-performance decentralized exchange, offering an enhanced DeFi trading experience that provides the best of both worlds by merging the benefits of centralized exchanges with the self-custody features of decentralized exchanges.
• BSX will begin trading on Base L2 Mainnet Alpha on April 1, 2024.

Following the conclusion of its Public Testnet trading phase in Q1, BSX – the new standard in premier, high-performance decentralized exchanges (DEXs) – is set to begin trading on the Base L2 Mainnet Alpha on April 1, 2024.

BSX is backed by a number of notable investors, including Base Ecosystem Fund, Bankless Ventures, CMS Holdings, No Limit Holdings, Saison Capital, Kyros Ventures, WW Ventures, among others. BSX is also being advised by Arthur Hayes, the founder and CIO of Maelstrom and the co-founder of BitMEX.

BSX aims to provide the ultimate DeFi trading experience, combining the liquidity, premium UX and user-friendly features of centralized exchanges (CEXs) with the pricing and self-custody features of (DEXs). By utilizing the Base network, BSX provides lightning quick transactions and inexpensive trading fees while ensuring transparency and accuracy through on-chain settlements.

BSX also streamlines the interface and flow for retail traders, who can conveniently connect their existing wallets, enable one-click trading, and securely execute trades on-chain. BSX users will be able to access a wide range of crypto products, including perpetuals, spot, and more, all in one place.

Core product offerings:

• Low-gas Trading: Base’s transaction costs are minimal and highly optimized, enabling near gas-free settlements. This makes the total trading costs comparable to CEXs.
• Unrivaled Performance: Our high-performance trading engine provides extremely low latency and instant, guaranteed execution. Coupled with our one-click instant trading feature, it offers an experience akin to, if not better than, CEX trading.
• Self-custody and Transparency: By settling all trades on-chain, BSX ensures you have full control over your funds without any hidden counterparty risks. Your keys, your coins.
• API Integrations: BSX’s Delegated Keys feature simplifies the use of external trading terminals without exposing your private keys or relinquishing custody of your funds.

BSX initiated its Private Testnet in November 2023 – welcoming early adopters from an extensive waitlist of 80,000 members – and its Public Testnet in January 2024 included 5,000 traders, who contributed to a robust total trading volume of $5B during the period.

BSX is positioned to compete with leading centralized exchanges like Binance and OKX, with crypto perpetuals trading in April, followed by other products later this year. Visit bsx.exchange to trade and participate in the upcoming exciting rewards program for new traders and/or go to the following:

Discord community: https://discord.gg/FWdPe5Vgjr

Twitter: https://twitter.com/bsx_labs

Public docs: https://docs.bsx.exchange/bsx-docs

Contact

Core Contributor


Henry N


BSX Protocol Foundation


[email protected]