In a move to bolster the development of its web3 gaming metaverse, Planet Mojo has announced a significant round of strategic funding. The funding, led by prominent investors including Animoca Brands, Merit Circle, and Courtside VC, marks a crucial milestone for the company, bringing its total raised capital to $10.5 million.

The US-based game developer Mystic Moose only recently introduced the native ecosystem token $MOJO. The company also revealed plans for token airdrops, signaling further expansion within the gaming community. In this article, we will cover everything you need to know about the fresh new funding, $MOJO token and exclusive eligibility for airdrops.

Backed By Top Investors

This latest round follows a previous seed funding of $5 million, led by Animoca Brands in December 2021, highlighting the continued support and confidence in Planet Mojo's vision and potential. The participation of additional investors such as Spartan Group, Citizen Capital, Sfermion, and others underscores the widespread interest and belief in the future of Planet Mojo's endeavors within the web3 gaming space.

In a statement shared via a post on X, Planet Mojo expressed gratitude, stating, “This milestone marks a significant step forward in the development of the Mojo Ecosystem and our growth trajectory. Our journey has been made possible with the support of our lead backers.”

Airdrop $MOJO Tokens

Following the recent Mojo Madness March giveaway campaign, players can now anticipate a token airdrop. This initiative aims to reward participants and foster engagement within the gaming ecosystem. Moreover, crypto exchange Bybit has initiated an airdrop event valued at $150,000 in $MOJO tokens, set to run until April 7th. To qualify, users must fulfill various cross-community missions, including content sharing across social channels.

The $MOJO token, deployed on Polygon, is currently locked and will be fully accessible upon the token's listing on a Centralized Exchange (CEX). Notably, non-US participants are required to complete KYC verification to participate in the airdrop.

Founder and CEO of Mystic Moose, Mike Levine, expressed enthusiasm about the recent developments, stating, "This is the next step in fulfilling our vision of empowering players through web3 asset ownership and true interoperability, fulfilling a much-touted feature of web3 gaming."

Fresh Funding

The fresh injection of capital is slated to fuel the ongoing development of the Mojo ecosystem, as well as accelerate the studio's growth trajectory. Mojo Melee, Planet Mojo’s flagship game within its metaverse platform, made its debut in 2023. Described as a next-gen AutoChess Battler game, Mojo Melee allows players to engage in battles and earn real rewards as they play.

GoGo Mojo: A Dynamic Endless Runner 

One of the highlights of Mystic Moose's latest offerings is the introduction of a new game called GoGo Mojo. This dynamic endless runner is set to captivate the gaming community, providing an immersive experience for both community members and token holders.

GoGo Mojo stands out by allowing players to utilize their customized Mod-able Mojos from Mojo Melee, fostering an interoperable and engaging gaming environment complete with power-ups, competitive leaderboards, and enticing rewards. Simultaneously, the Mojo Maker, the on-chain avatar system of Planet Mojo, is set to become a standalone web application, further enhancing the player experience within the ecosystem.

Final Thoughts

Since its launch, Mojo Melee has achieved significant milestones, including a strategic partnership with Amazon Prime announced in August 2023, enabling Prime members to access exclusive Mojo Melee NFTs. The game, built on Polygon’s highly scalable and fast blockchain, facilitates seamless interaction within the web3 gaming community, further enhancing the immersive experience for players.

With the continued support of investors and strategic partnerships, Planet Mojo is poised to further innovate within the web3 gaming landscape, offering players engaging experiences and opportunities for real rewards.