The movie subscription service MoviePass has completed seed round financing, led by Animoca Brands

2023-01-13 00:13:43

Collection

ChainCatcher news, the movie subscription service MoviePass has completed its seed round financing, led by Animoca Brands, with participation from Claritas Capital, Emerald Plus, Gaingels, Harlem Capital, PKO VC, and Sandhill Angels. As part of the deal, Yat Siu, the executive chairman and co-founder of Animoca Brands, will join the board of MoviePass.

MoviePass stated that it plans to use the new funds to accelerate the testing phase of its cinema subscription service relaunch and to develop and implement the company's Web3 strategy, which includes virtual reality cinema experiences and using technology to drive theater traffic. Spikes noted that Animoca Brands believes there is an overlap between moviegoers and fans of the metaverse and blockchain. (source link)

Related tags

MoviePass Animoca

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.