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Legend of Arcadia (LOA) has secured $4 million in strategic backing from notable investors including Animoca Brands, OKX Ventures, Arche Fund, Summer Everest, Mysten Labs, Borget Sebastien, PANONY Group, Faculty Group, and Oak Grove VC. Additionally, Moku has announced a $5.35 million investment led by Sky Mavis and a16z SPEEDRUN, with strong backing from Arca, hiFramework, and 32bit Ventures. The announcement was made on September 9, 2024. Both companies are leveraging these investments to advance their positions in the web3 and gaming sectors, with Moku also receiving support from angel investors.
Our thesis is that web3 can completely upend the traditional publishing and community framework for games. That’s why we’re excited to lead the round in @Moku_HQ. They work with some of the top projects in the space, and have cracked the distribution puzzle. https://t.co/FmidRGIQIU
So proud of this team. The round is a coalition of the greatest minds in web3 distribution. It’s an honor to have participated both as an angel and through @SkyMavisHQ https://t.co/jiemlGiYSP https://t.co/tpBfLuPwXm
✨ It's a big day at Moku! ✨ We're pumped to announce that we've secured a $5.35MM investment, led by @SkyMavisHQ and @a16zGames @speedrun, with strong backing from @arca, @hiFramework, and @32bitventures. We're also honored to have the support of incredible angels like… https://t.co/wdJ6NcxFlq