ChainCatcher news, Moongate announces the launch of its native token MGT. The protocol will distribute a portion of the total supply of MGT through a community airdrop, with the snapshot taken on November 15, 2024.It is reported that Moongate has raised a total of over $5.2 million. This funding includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital.

ChainCatcher news, according to Decrypt, the NFT application layer Moongate has completed a $2.7 million seed round financing, led by Titan Fund under CMCC Global, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV, PHD Capital, and angel investors such as Coingecko, Synthetix, and Dolphin Browser. In addition, ecosystems like Arbitrum, Polygon, Avalanche, and BNB Chain have also provided support.It is reported that Moongate's flagship product, a decentralized ticketing and membership platform, has successfully attracted over 100,000 active users and established partnerships with major brands such as Wonderfruit, ComplexCon, SiamPiwat, and Binance. The platform is preparing to launch a V2 upgrade, which will include a points system and plans to issue tokens this year.