Animoca Brands’ NFT project tops $5.5m in trade volume

Photo credit: Animoca Brands

Animoca Brands announced the completion of Mocaverse‘s NFT minting event, which logged a sales volume of roughly US$5.5 million worth of ether for the digital assets.

Mocaverse is the membership NFT collection for the Animoca Brands ecosystem. During the event, Mocaverse minted 8,888 NFTs known as Mocas.

At the time of writing, the floor price of a Mocaverse NFT on OpenSea is nearly 1.6 ether (US$1,535).

The NFTs are classified into five “tribes” – dreamers, builders, angels, connectors, and neo-capitalists – representing stakeholders in the Web3 space.

Owners of Mocaverse NFTs can also gain access to masterclasses with crypto professionals, exclusive in-game assets, and an accelerator program, among other benefits.

See also: This NFT offers lifestyle memberships for a lifetime

Animoca Brands was reportedly looking to raise US$1 billion in the first quarter 2023 for Web3 and metaverse investments. CEO and co-founder Yat Siu told Bloomberg that interest in the Web3 space remains significant even after the downfall of FTX, which was once one of the largest crypto exchanges in the world.

Currency converted from ether to US dollar: US$1 = 0.00065 ETH.