Coin overview
MOCA
Ended--
Last price (USDT)
38.26K
24h total (USDT)
83.94K
Total vol (USDT)
2024-06-27 12:00:00 ~ 2024-07-11 09:30:00
Trading time (UTC+0)
2024-07-11 14:00:00
Delivery time (UTC+0)
Total supply8.88B
Resources
Introduction
$MOCA is the underlying resource that powers the Moca Network, an interoperable consumer network with a pre-existing ecosystem of 450+ companies seeded by Mocaverse and Animoca Brands. With $MOCA, users can gain access to and participate in consumer dApps in key cultural verticals like gaming, sports, music, and IP. This is enabled by Mocaverse’s interoperable infrastructure layer of Account, Identity, Points, and Reputation.
104 whale wallets control 57% of all Ether in a bullish signal
Ethereum's (CRYPTO:ETH) whale wallets now control 57% of the total Ether supply, according to on-chain analytics firm Santiment. The platform reported on December 16 that 104 whale wallets, each holding over 100,000 Ether, now hold an estimated $333 billion worth of the cryptocurrency. This marks the highest level of Ether concentration in whale wallets to date. Meanwhile, wallets holding between 10,000 and 100,000 Ether have decreased to a historic low of 33.46%, while wallets with less than 100 Ether represent just 9.19% of the total supply. Santiment stated that this increasing dominance of whale wallets could be a long-term bullish sign for Ether. "It is still generally a bullish long-term signal when a coin’s most prominent key stakeholders continue accumulating. Especially when it’s a 9-year-old asset with whales holding their highest-ever portion of coins," Santiment explained. Along with this, Santiment highlighted a rise in Ethereum wallet activity, noting that the daily average of new Ethereum addresses surpassed 130,200 in December. This marks an 8-month high for the network. Ethereum's price also saw a positive trend, reaching the $4,000 mark on December 7 for the first time since March. The current price of Ether is $4,007, though it is still 17% below its all-time high of $4,891, which was reached in November 2021. Analysts predict that Ethereum could potentially surpass its all-time high in early 2025, fueled in part by recent market changes. Santiment also noted a shift in social sentiment, with Bitcoin (CRYPTO:BTC), Vanachains (VANA), and Moca Networks (MOCA) becoming popular discussion topics among crypto enthusiasts. At the time of reporting, the price of Ethereum (ETH) was $4,025.56.
New spot margin trading pair — MOCA/USDT!
We are thrilled to announce that Bitget has launched isolated spot margin trading for MOCA/USDT. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at low or zero interest, while the trading bonuses can be used directly in margin trading. You can claim coupons and trading bonuses via the Coupons Center. References: Make margin trading at low cost with spot margin trading coupons Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Top 5 Gainers of the Last Week (December 9-16): AVA, FARTCOIN, WHITE, MOCA, HYPE
In a bullish crypto market that took Bitcoin to a new ATH above $106,000, more digital assets recorded significant gains during the last week. Here are the top five coins with the highest surges between December 9 and 16. Top 5 Gainers of the Last 7 Days Top 5 gainers of last week 1. Travala (AVA) AVA recorded the highest price surge during the last seven days. AVA surged by 199%, kicking off a strong price rise on December 12 from $0.76 to $3.39. Now, AVA has a market cap of over $127 million. AVA 7-day price in USD AVA’s price rally was triggered by CZ’s mention of the project via a post on X in which Binance’s founder said that they invested in this crypto travel platform before the covid pandemic, before the crypto winter, and continued to hold. On December 11, the platform announced hitting $100 million in annual revenue and announced the AVA and BTC treasury reserve strategy. CZ via X 2. Fartcoin (FARTCOIN) FARTCOIN recorded a surge of almost 170% during the past seven days. The coin debuted a price surge on December 10 from $0.32, topping $0.88 earlier today. The memecoin has a market cap of over $790 million, at the moment of writing this article. FARTCOIN 7-day price in USD Earlier today, the team posted an announcement via X revealing that on December 15, FARTCOIN flipped GOAT’s market cap becoming the 2nd largest AI memecoin. FARTCOIN is a memecoin on Solana. 3. WhiteRock (WHITE) WHTE recorded a price surge of over 165% in the past 7 days. The coin debuted a notable price surge on December 13 from a market cap of $138 million, reaching over $295 million on December 15. WHITE 7-day price in USD On December 10, the team behind the project shared a preview of WhiteRock’s order book DEX and on December 14, they shared the upcoming roadmap via X. WhiteRock is a real-world asset protocol designed to tokenize economic rights to traditional financial assets like stocks, bonds, property, options, and derivatives. 4. Moca Network (MOCA) MOCA recorded a price surge of over 160% in the past 7 days, with a notable price spike today from $0.09 to $0.41 and a market cap of $572 million. Now, the coin has a market cap of $338 million, following its earlier surge. MOCA 7-day price in USD Earlier today, Upbit crypto exchange announced the listing of MOCA supporting the BTC, KRW, and USDT markets. The announcement triggered the coin’s significant price surge. Moca Network is a project under the Animoca Brands Group that aims to build the largest metaverse consumer network, allowing users to create their own digital IDs, accumulate reputation, and earn/spend user points. Mocaverse is a decentralized ecosystem that uses blockchain to foster a cultural and economic landscape. MOCA is the native utility and governance token. 5. Hyperliquid (HYPE) HYPE recorded a price surge of over 113% in the past 7 days. The coin debuted an ascendant trajectory on December 10 from $12 levels and reached over $26 today, a new ATH. At the moment of writing this article, HYPE has a market cap of $7.25 billion. HYPE 7-day price in USD On December 10, the team announced via X that users can long or short Magic Eden (ME) with up to 5x leverage. Hyperliquid is a platform that introduces a novel L1 blockchain engineered to optimize performance and scalability. Among its components, there is a DEX with more than 100 perps and spots.
Mocaverse: Moca 3.0 will build a project's digital identity infrastructure with embedded user accounts
Mocaverse posted on the X platform that Moca 3.0 has arrived, progressing from 1.0 → 2.0 → to the current 3.0: Moca 1.0 (B2C): Building a core community using Moca NFT and XP; Moca 2.0 (B2C): Developing distribution and community through Moca ID and RP to incentivize partners and holders to grow together; Moca 3.0 (B2B2C): Building digital identity infrastructure for projects, creating universal embedded accounts for users for holding assets, identities, and reputation data while joining various consumer applications so all users can easily port each other. Moca 3.0 will solve the problem of digital fragmentation, shifting from project-centric to user-centric in building an open network rather than being user-centric: Users own their data and monetize it; Data unified under one identity; Maximizing rewards for users based on aggregated identity; An open network shared with everyone with the consent of the user; Connecting ecosystems through shared accounts and identities.
How much key market intelligence did you miss on December 16?
Featured News 1.QCP: Bitcoin/gold ratio hits a record high, further strengthening its position as "digital gold" 2.Vana ecosystem NFT V plummeted to 0.45 ETH, down more than 60% in 24 hours 3.Binance Futures will launch MOCAUSDT perpetual contract 4.Solv Protocol: Native token SOLV will be on Hyperliquid 5. Trump's crypto advisor's NFT Mixie AI floor price rose by more than 500% in a short period of time, and now fell back to 2.258 SOL. Trending topics Source: Overheard on CT (tg: @overheardonct), Kaito FARTCOIN: +97 basis points. FARTCOIN has become an important topic of discussion today, mainly due to its recent surge in market value, surpassing GOAT to become the second largest AI meme coin. Despite the decline in market value, FARTCOIN's cultural relevance and meme strength have kept it in the spotlight, with many predicting that it could become a top 25 cryptocurrency. The coin’s popularity stems from its absurdity and high return potential, often being compared to other successful meme coins such as Dogecoin. The narrative surrounding FARTCOIN suggests that it could become a major player in the current crypto cycle, with discussions highlighting its potential to reach new heights. MOCA: Up +41bps. MOCA is in the spotlight today due to its upcoming listing on Upbit, South Korea’s leading digital asset exchange. The listing is expected to extend MOCA’s reach to over 28 million KYC-completed users in South Korea, a key market for the Moca Network. The news led to a significant increase in MOCA’s price, reportedly 3-4x. The listing is part of Moca’s broader strategy to build a cross-chain digital identity infrastructure. Additionally, MOCA’s involvement in the NFT space and partnerships with major players such as Animoca Brands have further fueled interest. AVAX: Up +36bps. The main discussion around AVAX today has focused on the upcoming Avalanche9000 upgrade, which is being hailed as the largest network upgrade in Avalanche's history. The upgrade is expected to reduce chain deployment costs by 99.9% and transaction fees by 25 times, sparking excitement and anticipation within the community. In addition, Avalanche has raised $250 million to expand its blockchain ecosystem, further strengthening confidence in its future growth. The upgrade is expected to significantly enhance scalability and development tooling, with more than 500 first-level chains currently being developed on Avalanche. Threads&Tweets 1. Hyperliquid’s bull case@fmoulin7 2. What comes after Agent@Defi0xJeff Featured Articles 1.《EVM is not online yet, how to evaluate the future of Hyperliquid? 》 fmoulin7, Crypto Kol Hyperliquid attracts users through low fees and strong incentives, with an estimated first-year incentive of nearly $1 billion and an inflation rate of 11.65%. After the launch of EVM, it may become an important platform for new DeFi protocols to drive the growth of HYPE demand. The platform makes profits through transaction fees and token auctions, and fee allocation is automatically executed to support staking rewards, platform operations and token destruction. Increased capital inflows, especially through Kucoin, will drive HYPE prices if more market funds can be attracted. However, centralization and EVM transition risks may affect user experience, and investors need to be cautious and do research. 2.《From the timestamp of on-chain data, when will this bull market cycle peak? 》 Murphy, on-chain data analyst There are two core concepts in the on-chain data analysis of BTC, namely "timestamp" and "price stamp". The transparency of the blockchain allows us to observe each on-chain transaction and identify two key details: 1. The time when the chip movement occurs: timestamp; 2. The price when the transaction occurs: price stamp; When we analyze the transition of phased trends, the data used, such as turnover cost, profit realization, demand inflow, and hot supply, are mainly based on "price stamp". If we want to observe and analyze the timeliness of the BTC cycle, we need to use "timestamp" more. Each BTC exists in a UTXO, and the timestamp function of UTXO means that each BTC has an age, which does not refer to the time when it was mined, but the time from the last move to the present. Biggest Gainers & Losers Token volatility on December 16, sorted by trading volume Top Gainers 1.$MOCA 2.$MEMESAI 3.$COW Top Loser 1.$CTXC 2.$COS 3.$BLUE On-chain data On-chain fund flow on December 16
3 Cryptocurrencies That Reached All-Time Highs Today — December 16
The cryptocurrency market has experienced a surge today, with the total market capitalization (TOTAL) reaching a new high. Bitcoin (BTC), the leading cryptocurrency, also climbed to a new all-time high, further fueling the market’s bullish momentum. This surge has propelled several altcoins to new heights, with three cryptocurrencies —Moca Coin (MOCA), DeepBook Protocol (DEEP), and Fartcoin (FARTCOIN) — leading the charge. Moca Coin (MOCA) MOCA, the native token of Animoca Brands’ Mocaverse, hit a new all-time high of $0.42 today before experiencing a pullback. Despite this, the token maintains a bullish bias. The Moving Average Convergence Divergence (MACD) indicator supports this sentiment. Currently, MOCA’s MACD line (blue) is above its signal line (orange), signaling bullish momentum. The MACD measures the relationship between two moving averages of an asset’s price, using its MACD line, signal line, and a histogram to identify trends and momentum. When the MACD line is above the signal line, it suggests upward momentum, indicating the asset’s price may continue to rise. MOCA Price Analysis. Source: TradingView If this momentum holds, MOCA’s price could attempt to break resistance at $0.21 and $0.26. Clearing these levels would pave the way for the token to reclaim its all-time high. On the other hand, its price could dip to $0.17 if profit-taking intensifies. DeepBook Protocol (DEEP) DeepBook Protocol is a decentralized trading platform that lets its users execute trades directly on-chain. Its native token, DEEP, is another altcoin that climbed to a new all-time high today. The token touched $0.11 during Monday’s early Asian session before shedding some of these gains. As of this writing, the altcoin trades at $0.10 and is still up 16% over the past 24 hours. DEEP’s Aroon indicator confirms the strength of its current uptrend. At press time, its Aroon Up Line is 100%, while its Down Line is 0%. The Aroon Indicator determines the strength and direction of an asset’s price trend by measuring the time since the asset’s highest high (Aroon Up) and lowest low (Aroon Down) within a set period. As with DEEP, When the Aroon Up line is at 100%, a new high was recently achieved, signaling strong upward momentum and the potential continuation of a bullish trend. DEEP Price Analysis. Source: TradingView If the demand for DEEP continues to grow, it will revisit its all-time high and attempt a rally beyond it. However, a spike in selloffs will invalidate this bullish projection. A surge in selling pressure could cause DEEP’s price to drop to $0.08. Fartcoin (FARTCOIN) Meme coin FARTCOIN is another altcoin that traded at an all-time high today. The token briefly traded hands at a peak price of $0.89 before witnessing a pullback. It is now trading at $0.75, reflecting a 16% decline from its peak. At its current price, the meme coin sits above support formed at $0.68. If this support level holds, it will propel FARTCOIN’s price toward its all-time high and potentially past it. FARTCOIN Price Analysis. Source: TradingView However, if the bulls fail to defend this price level, the token’s price may plummet to $0.55.
As Bitcoin Starts the Week with a Record, News from South Korea Sends This Altcoin Rocketing!
South Korea’s largest cryptocurrency exchanges Upbit and Bithumb announced today that they have listed the altcoin Moca Network (MOCA). While Upbit lists MOCA in KRW, BTC, and USDT pairs, Bithumb announced that it only lists it in KRW trading pair. Following these listings, the price of MOCA increased by up to 370%. Bithumb also announced that it has listed a memecoin called MOODENG on the KRW pair, in addition to MOCA. Yat Siu, co-founder of Animoca Brands, commented on the support of South Korean exchanges to Mocaverse and MOCA, saying, “Thank you Upbit and Bithumb. You brought mass adoption to web3 by welcoming South Korea to Moca Network.” While the price of MOCA rose rapidly after the listing announcements, this rise did not continue at the same pace. MOCA price then pulled back and continues to trade at $0.255 with a 160% increase. *This is not investment advice.
Affected by the listing of Korean CEX, MOCA rose by nearly 300% in a short period of time
On December 16, according to market data, affected by the listing on Upbit, MOCA rose by nearly 300% in a short period of time and is currently quoted at US$0.334.
Mocaverse floor price breaks through 2.9 ETH, 24-hour increase is 79%
According to OpenSea data, the floor price of the NFT series Mocaverse has exceeded 2.9 ETH and is currently reported at 2.96 ETH (approximately $11860), with a 24-hour increase of 79%, as reported by Jinse Finance.
Animoca Brands invests in Igloo Inc to boost consumer NFT activity
Animoca Brands made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The fund aims to expand NFT as consumer crypto, in addition to its Mocaverse platform. Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, will receive a strategic funding round from Animoca Brands. The fund, which is still one of the most active investors in Web3 and NFT, is in search of project complementing its Mocaverse brand. The Mocaverse includes NFT, digital identity, and metaverse features, aiming to revive consumer crypto with a gamified element. Animoca Brands has continued its support for Web3 features, despite the prolonged bear market and loss of popularity. The chief subsidiary the Sandbox continues to be one of the most successful games with a Web3 elements, while Pudgy Penguins has differentiated itself from less active NFT collections. Pudgy Penguins is trying to stay relevant The investment arrives at a time when Pudgy Penguins is trying to retain its relevance and community. Interest in NFT increased slightly in the past few weeks, while Pudgy Penguins remains the third-most active collection. Penguins still sell at 11.90 ETH floor price or higher, only surpassed by BAYC and Crypto Punks. Animoca Brand’s investment will focus on Pudgy Penguins as one of the best examples of consumer crypto. The collection’s prominence also hinges on Luca Schnetzler, known as @LucaNetz, acting as a brand ambassador and influencer. Even after NFT slowed down, Schnetzler supports the Penguins project for its community-building capabilities. See also Trump and Wall Street: How long will the love affair last? “This investment from Animoca Brands is a testament to our vision and commitment to building a thriving ecosystem. It will continue to help us create the largest onchain community and power the next wave of consumer crypto,” said Schnetzler. The Pudgy Penguins brand also spans beyond the digital world, offering physical toys and other merchandise. The Pudgy Penguins brand reached an agreement with its holders to retain the rights for merchandise based on their collectible digital items. The platform is one of the first to tap the intellectual property of Web3, expanding into content, plushies, and mystery boxes. Each physical toy is a collectible in itself, but buyers can also customize their digital image and receive a blockchain record to serve as certificate of uniqueness. Pudgy Penguin collections are spreading in mainstream toy stores, serving as a tool for Web3 onboarding. The original Penguins collection only contains 8,888 items, with an additional 22,222 Lil Pudgys. The rarity is key to building the community, with its Discord communication and side platforms. The NFT collection fulfills the strategy of Igloo, Inc. to drive wider consumer crypto adoption. Penguins retained ownership in a similar way to meme token communities, though with the added complexity of digital items. Blue chip NFT have much lower activity, but they are not entirely forgotten and may be tapped for their value. While BAYC runs on exclusivity and rare physical items, while Punks and Miladys are fully digital, Pudgy Penguins is the only brand to spread into mainstream awareness and product design. See also Senator Ted Cruz: I aim for Texas to be a hub for Bitcoin and cryptocurrency Animoca Brands to support Abstract chain by Igloo Animoca Brands will focus on the support of Abstract, a new chain for consumer crypto by Igloo. The investment will be made alongside subsidiary The Sandbox, as well as Animoca Brands Japan. The investment will take the form of a Simple Agreement for Future Equity (SAFE), a similar approach to previous Animoca Brands strategic rounds. Igloo has so far raised two funding rounds for an undisclosed value. The previous financing round for Igloo was on October 30, with Newman Capital as the single leader and participant. The Abstract chain will be another L2 EVM-compatible chain, which would allow a wider user audience to join Web3 with minimal obstacles and expenses. For NFT, a scalable, cheap layer is especially important, as transfers can have prohibitive costs on Ethereum. The Abstract L2 is still upcoming, with no main net or tokens launched. The chain will be a ZK-rollup , with no details on native tokens, speed, or fees. Igloo will aim to create a chain for its specific Web3 purposes, especially carrying the Pudgy Penguins brand. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Animoca Brands raises additional $10 million for Mocaverse, with participation from Hong Shan and others
On November 12, according to the official blog, Animoca Brands announced that it had raised an additional $10 million for its Web3 project Mocaverse, after the company announced a total investment of $31.88 million last year. The investment comes with a free additional warrant for the MOCA Coin utility token, with an implied fully diluted value (FDV) of $1 billion, and its structure is similar to the two parts announced previously. Participants in this round of financing include OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital, etc., with the aim of accelerating and expanding the scale of Mocaverse's operations against the backdrop of the project's substantial growth since its first financing. The company will use the new funds to advance its goal of accelerating the mass adoption and interoperability of Web3 by continuing to expand and build Mocaverse, an interoperable infrastructure layer for account, identity and reputation systems for consumer cryptocurrency adoption. This includes the Realm SDK, an interoperable software development kit (SDK) that allows partners to create their own reputation-based ecosystems and provide corresponding application experiences that are interoperable with all ecosystems built on top of the Moca Network.
Animoca Brands raises an additional $10 million to build out Mocaverse
The Hong Kong-based digital entertainment and venture firm Animoca Brands raised $10 million in funding to build out Mocaverse, the firm's consumer network. Participants in the round include OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund and Kingsway Capital, according to a Tuesday release . The most recent financing comprises the third funding round Animoca received to build out Mocaverse. It raised $20 million in September 2023 and an additional $11.88 million two months later. Mocaverse aims to stitch together gaming, sports, music and other cultural economics into one platform. It allows users to create their digital identities via the decentralized identity protocol Moca ID, develop their online presence and earn rewards via Realm Points , a point system specific to completing tasks in the Mocaverse ecosystem. “Our mission is to get crypto in the hands of hundreds of millions of users, which requires onboarding the fan bases that appeal to individuals on a deeply personal level," Mocaverse Project Lead Kenneth Shek said in a statement. "We are building Realm Network to decentralize such onboarding efforts for each pioneer in the consumer crypto space across multiple verticals, with the ultimate goal of driving network effect among all of them.”
OpenSea 2.0 Speculations: Points? Airdrops? NFT Launchpad?
Author: Karen, Foresight News On November 4, Beijing time, OpenSea released a teaser animation showing a ship setting sail, indicating that the platform will launch a new version in December. At the same time, OpenSea has started registration for a waitlist, which, as of the time of writing, has already attracted 174,000 people. This news quickly sparked community expectations and speculations regarding token issuance, airdrop activities, reward mechanisms, and L2. According to OpenSea founder and CEO Devin Finzer, "The new version of OpenSea is completely rebuilt because true innovation sometimes requires us to step back and rethink and redesign the entire framework." OpenSea Pro co-founder vasa also revealed that the development of the new version of OpenSea began a year ago. Regarding the specific features or characteristics of the new version, based on OpenSea's responses and the author's analysis, it is speculated that it may include the following highlights: According to a post by Azuki researcher and Mocaverse advisor wale.moca, the new version of OpenSea will feature a leaderboard that also provides XP points. OpenSea's official account retweeted this. From this, it can be inferred that the new version is likely to launch a points program. Considering that OpenSea is an American company, the rewards may not necessarily be OpenSea tokens, but could also include profit sharing from the platform. It is worth noting that in August of this year, OpenSea received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which threatened to sue OpenSea because they believe the NFTs on the OpenSea platform are securities. In response, OpenSea stated, "In addition to standing firm on its position, it also pledged $5 million to help cover the legal fees of NFT creators and developers who received Wells notices." It is noteworthy that OpenSea Pro (the NFT marketplace aggregator Gem acquired by OpenSea) had previously announced on its homepage that it would launch a reward program, claiming "we are currently scoring and tracking user activity, and the game is about to begin." However, this content has since been removed from the official website. Additionally, to commemorate the launch of OpenSea Pro, in April of last year, OpenSea Pro released the Gemesis NFT series. As of now, the floor price of this NFT series is 0.0139 ETH, having increased by 242% in the past 24 hours, with a cumulative trading volume of 8,180 ETH displayed on OpenSea. In this series, the rarity of the NFTs is closely related to the time they were first traded using Gem; the earlier the trade, the higher the rarity. Therefore, if OpenSea conducts an airdrop in the future, in addition to OpenSea's trading users, holders of Gemesis NFTs are also very likely to be considered. Release some new features beneficial to artists. Deeper integration with GameFi. This can be seen from OpenSea's recent actions; in late October, OpenSea integrated with the Base gaming ecosystem B3 Chain, aiming to improve users' Web3 gaming experience and support faster and cheaper minting of NFT series and in-game items. Achieve account abstraction, allowing users and developers to access Web3 more easily. According to @DefiIgnas's wishlist, it is hoped that OpenSea 2.0 will support Bitcoin ordinals, rune rewards, simplify onboarding, portfolio pages, and token airdrops, as well as fragmented NFTs, an NFT Launchpad, social features (similar to Instagram for NFTs), and a native mobile application. In response, OpenSea CTO Nadav Hollander stated that it is a good list and asked @DefiIgnas about their top priorities. Of course, some speculate that OpenSea will create a pump.fun version of the NFT marketplace, although this may need to be achieved through the fragmentation of NFTs. In the current climate of meme popularity, the revival of the NFT craze seems to be full of challenges. Especially considering that OpenSea's competitor Blur has performed poorly after issuing tokens, and Magic Eden is about to issue tokens, whether OpenSea 2.0 can reignite the NFT craze remains to be seen. It is worth mentioning that OpenSea team member @ken_cadima will hold a technical lecture during Devcon (on November 13) to reveal the specific details of OpenSea 2.0. Foresight News will continue to follow up.
Animoca Brands announces investment in DePIN project GEODNET
On October 31st, Animoca Brands announced an investment in the decentralized real-time dynamic (RTK) network GEODNET to advance the development of mixed reality games and immersive experiences. GEODNET will collaborate with Animoca Brands' consumer network project Mocaverse to explore the integration of precise positioning technology in the Moca Network.
Animoca Brands to launch GEN3 Playground in Hong Kong in November
According to official sources, Animoca Brands plans to launch GEN3 Playground at K11 Musea in Kowloon, Hong Kong in November. Participants will have the opportunity to explore several of Animoca Brands' projects, including Anichess, Cosmic Bomber, Mocaverse, Motorverse, The Sandbox, and TOWER Ecosystem.
Mocaverse Research Report: Infrastructure Layer for Encrypted Consumer Applications
Mocaverse is positioned as a Web3 access portal, empowered by digital identity and user reputation. With an ecosystem of games and consumer applications, and over 700 million addressable users, the project plans to change digital ownership and community participation in the Web3 space. Mocaverse was created by Animoca Brands, which is involved in blockchain games, NFTs, metaverses, and social blockchain applications. The company unifies its ecosystem of over 540 Web3 projects through a common access point. Mocaverse projects are building blockchain-powered Web2 experiences that enable users to create digital identities, accumulate reputation, earn and spend loyalty points, and unlock rewards in Mocaverse and its partner ecosystems through interoperable identities and reputations. The Mocaverse ecosystem is relatively new but growing rapidly. In a few months, nearly 2 million MOCA IDs have been minted and the platform has over 700,000 monthly active users. The team is committed to improving and innovating the crypto user experience, and thanks to a mature technology stack tailored for consumer-facing applications, many high-quality new projects will continue to join the ecosystem. Animoca has over 700 million users across its top 30 portfolio companies and subsidiaries, putting it close to platforms like Telegram (900 million messaging users) and Binance (1.7 billion transacting users). Leadership Team Yat Siu, founder of Mocaverse and Animoca Brands Yat is the co-founder and executive chairman of Animoca Brands, a digital entertainment and blockchain technology company. Animoca has advanced digital property rights through games like The Sandbox and has been a driving force for innovation in Web3 gaming. Yat started his career at Atari Germany before moving to Hong Kong in 1996, where he founded Cybercity, Asia’s first free web and email provider. He later founded Outblaze, a technology group specializing in cloud gaming and smartphone software, which he partially sold to IBM in 2009. Under his leadership, Animoca Brands grew to a multi-billion dollar market capitalization. Alan Lau, Mocaverse founding team member and Animoca Brands chief commercial officer Alan is an experienced executive who leads all Animoca Brands strategic investments and empowers over 540 portfolio companies. Alan plays a strategic role in identifying strategic opportunities and driving alignment of over 540 portfolio companies with Mocaverse to maximize the network effects and growth of the Mocaverse ecosystem. Alan is the former CEO of Tencent’s insurance division and has over 15 years of Internet/TMT experience. Kenneth Shek, Mocaverse founding team member and project leader Kenneth Shek is a venture builder and startup founder in the fields of artificial intelligence, e-commerce, and renewable energy, with corporate experience in management consulting and consumer businesses. He founded a consumer forecasting startup that processed terabytes of data per day, and built businesses in renewable energy and high-growth e-commerce. At Accenture, Kenneth spearheaded innovation on Web3 projects with Fortune 500 companies such as hotel chains and consumer brands, and led the regional data and AI practice for consumer enterprises. Kenneth leads the Mocaverse team within Animoca Brands. Caleb Ho, Head of Engineering at Mocaverse Seasoned technology leader with extensive experience in fintech and e-commerce. He has held several key positions, including Engineering Director of a virtual banking startup acquired by Rapyd, Engineering Manager of Znap (a mobile payment startup that successfully exited with $75 million), Engineering Director of Grana (e-commerce that received $10 million in funding from Alibaba), Core Engineer at Microsoft, and Co-Founder and CTO of a furniture fintech startup. Skilled in building teams from scratch and driving zero-to-one product development while scaling operations and fostering innovation. Prakhar Agarwal, Product Head, Mocaverse Prakhar was Kyber Network’s first product hire and Head of Product, where he drove over 10x user growth at one of the top DeFi protocols. With over a decade of experience in blockchain, gaming (Ubisoft), and fintech, Prakhar has a proven track record of building innovative and high-impact products. Kyle Chiu, Head of Marketing, Mocaverse Kyle is an experienced marketing professional specializing in brand marketing, performance marketing and growth, and community management. Prior to joining Mocaverse, Kyle served as CMO at an NFT marketplace and was the head of brand and growth for a crypto exchange. Prior to joining Web3, Kyle worked in advertising agencies for many years and led the Asia Pacific digital marketing team at Deutsche Bank Asset Management. Olivia Song, Head of Business Development, Asia Olivia joins Mocaverse to drive business growth in Asia, starting with Korea and Japan. She is employee number 6 at Avalanche and has played a key role in expanding Avalanche’s presence in Korea over the past 4+ years. Simon Doherty, Head of Capital Markets, Animoca Brands and Mocaverse Simon Doherty joined Animoca Brands in 2022 to focus on corporate finance and strategic initiatives. Prior to joining Animoca, Simon worked as a Senior Associate in Corporate Finance at Taylor Collison, BBY and PricewaterhouseCoopers. Simons expertise spans corporate finance, investment banking, capital markets, financial analysis and mergers and acquisitions, making him a key figure in driving the growth and strategic direction of Animoca Brands. Project Background Founded in 2014, Animoca Brands has a portfolio of video games, digital media brands, intellectual property (IP), and blockchain infrastructure technology, focusing on enabling users to truly own their digital assets. Animoca develops mobile games and subscription products, and introduces internationally renowned IPs such as Marvel, NBA, Hello Kitty, etc. Through its portfolio of assets, Animoca has created a collectibles platform and virtual world where users can purchase unique NFTs and use them for games, collections, or secondary transactions. In addition, Animoca has acquired and invested in multiple digital asset brands, including Axie Infinity, The Sandbox, Decentraland, and Dapper Labs (creator of CryptoKitties and NBA Top Shot). It also holds shares in OpenSea and Flow, a Layer 1 blockchain focused on scalable and efficient NFTs. Animoca has built a large collection of web3 companies focused on culture and entertainment, covering a portfolio of more than 540 companies with more than 700 million web2 and web3 users. Animoca now plans to bring these assets and their large user base together through its new project Mocaverse and MOCA tokens. Mocaverse will become an exploration center for digital culture and entertainment, helping users experience rich interactions and identity management in the web3 world. The Mocaverse project is building web3 native tools that enable users to create digital identities, accumulate reputation, earn and use loyalty points, and access the Mocaverse ecosystem. MOCAVERSE Ecosystem Although the Mocaverse project will only be launched in 2023, nearly 2 million MOCA IDs have been minted so far, and the ecosystem has more than 700,000 monthly active users. In Animoca Brands project portfolio, there is about a new TGE every week, and the potential applications within the Mocaverse ecosystem are constantly expanding. Technology Stack Mocaverse defines itself as a network, not another Layer 1 or Layer 2 solution, but a collection of technologies that bring different applications together. Importantly, Mocaverse does not try to lock users into a specific chain, but seeks to integrate with each chain and expand the crypto user base. The entry point to Mocaverse is the Realm wallet, which was built by the Animoca team and is part of the Realm SDK. From a technical perspective, the Realm wallet is designed to natively support account abstraction (AA). AA is a relatively new concept that aims to improve the crypto user experience. Traditional crypto wallets are controlled by private keys and used to initiate transactions, while AA wallets allow smart contracts to manage accounts, making the wallet experience more flexible and user-friendly. For example, traditional wallets require users to manage mnemonics and manually sign each transaction, while with AA wallets such as the Realm wallet, wallet import can be achieved through social recovery, and recurring transactions can be automated and batched. Another advantage of AA (account abstraction) wallets is that they improve the user experience when paying gas fees. Traditionally, gas fees on networks such as Ethereum must be paid in ETH, which can be confusing for new users, especially as they may not understand the gas fee model and do not necessarily own ETH. With account abstraction, smart contracts can allow gas fees to be paid with other tokens, or even for applications to pay gas fees on behalf of users. This lowers the barrier to entry for new users. In the Mocaverse scenario, the MOCA tokens in the users Realm Wallet will be deposited into a paymaster contract, which will pay the gas fees for the user without the user having to understand how gas fees work. In addition to being a wallet that supports account abstraction, Realm Wallet can also interoperate with other products in the Realm SDK, such as Realm ID, Realm Points, and Realm Reputation. This interoperability means that wallet credentials can be used across different applications and ecosystems. For example, users can seamlessly switch between gaming ecosystems and social platforms while maintaining their identity and reputation across these platforms. This consistency between applications, and the cross-application use of points and reputation, helps improve user engagement and retention. In terms of Mocaverses technology stack, the team developed the Realm SDK and branded it separately from Mocaverse, which was a deliberate and highly strategic choice. By creating a neutral technology stack, the Realm SDK becomes a toolkit that is easier for partners and potential partners to adopt without Realm tokens or user lock-in. The seamless integration of the technology stack with Mocaverse is an advantage for partners, but it is not mandatory. In the long run, this approach will become a highly attractive technology stack built for consumer applications, and can also obtain broader distribution channels through the Mocaverse platform. MOCA ID MOCA ID is a decentralized identity system and the entry point to all activities in Mocaverse. It aims to provide users with a unified digital identity that can be used in various web3 applications, similar to Apple ID, which allows Apple users to download applications and have user accounts in games and applications in the Apple App Store. MOCA ID allows users to authenticate, interact with DApps, and participate in the Mocaverse ecosystem through a single, interoperable identity authentication. Interoperability is a core concept of MOCA ID, which is what distinguishes it from systems like Apple ID. While Apple ID is limited to use within the Apple App Store ecosystem, MOCA ID is integrated with crypto wallets to manage user reputation across apps. The simplest way for apps to integrate with MOCA ID is to connect through the MOCA ID API, so that apps can access user data and contribute reputation points for user activities in the app. Users can use reputation points to unlock unique features and rewards, such as Mocaverses token Launchpad, NFT Launchpad, staking pools, and more. Apps can also reward users for their attention and interaction through a reputation points system. Potential outcomes of MOCA ID Short term: MOCA ID improves the user experience on web3 platforms by simplifying identity authentication and providing ecosystem-unique features. This can drive early adoption and increase user engagement within the Mocaverse ecosystem. For example, Mocaverse has launched a gamification feature called Mocana that allows users to earn rewards associated with their MOCA ID through Mocana Quests. Medium term: MOCA ID will be widely used outside of web3 and even integrated with web2 platforms with a large number of users, allowing users to interact seamlessly, build a strong on-chain reputation and identity, and be generally accepted throughout the network. For web2 applications, MOCA ID integration can replace centralized services, improve online compliance and KYC processes, and increase the security of online identity management. In addition, it can also bring financial opportunities by associating crypto wallets with login credentials. Long term: MOCA ID may develop into a key digital identity system for accessing various digital services such as finance, social platforms, and governance. It may be integrated into various aspects of daily life, such as medical services, voting, or managing digital assets such as stocks, crypto assets, and art collections, thus becoming an indispensable tool in personal and professional identity management. MOCA Tokens and their Distribution MOCA tokens are a core component of the Mocaverse ecosystem for use by consumers and applications. For consumers, the simplest use is as a medium of exchange for applications within the ecosystem. Instead of holding multiple tokens for different games and applications, users can hold MOCA tokens and use MOCA to purchase digital items and experiences. The conversion to the native token of each application or game will be completed in the background. MOCA can also be used to pay for gas fees for transactions, simplifying the experience for new users. In addition to being used as a currency and gas token, MOCA is also designed to be used for various activities in the Mocaverse, such as staking, governance, and rewarding user participation. Users can stake MOCA tokens to gain staking power, which in turn gives them access to unique experiences and rewards. MOCA stakers can also receive token rewards through projects within the ecosystem. On the application side, applications can use MOCA tokens to enhance their distribution and simplify the user experience. For example, MyAnimeList, the worlds largest anime and comics community website, is working with Mocaverse to create new experiences for fans, creators, studios, and IP holders. MyAnimeList pays gas fees for users and purchases MOCA tokens as a result. Additionally, partners like MyAnimeList will want to engage with a large number of Mocaverse users. In order to advertise in the Mocaverse ecosystem, apps need to stake MOCA tokens. Staking MOCA can improve the distribution and coverage of apps on the platform, similar to the SaaS model. The more MOCA staked, the wider the range of services Mocaverse provides. In the most recent game release, the Mocaverse distribution engine attracted more than 90,000 users to try the BlockLords game within a week. The distribution of MOCA tokens is designed to balance short-term needs with long-term growth and sustainability. The specific distribution is as follows: Network Incentives (31.5%): used to promote community interaction and incentivize users to participate in the ecosystem. Ecosystem and Treasury (20%): Reserved for scaling projects and supporting overall ecosystem development. Strategic Partners (13%): Allocated to strategic partners related to network growth. Team (12%): Support the Mocaverse team’s efforts to develop and maintain the network. Liquidity (10%): Provide liquidity for tokens and ensure market stability. Operating expenses (5%): used to cover the operational costs of running and managing the network. Early Contributors and Advisors (7%): Rewards contributors and advisors who have supported the project since its launch. Community Sale (1.5%): Promote community participation through public sale of tokens to community members. SWOT Analysis Advantages: Uniquely Large Ecosystem: Animoca Brands owns the world’s largest portfolio of web3 gaming and crypto cultural assets. Animoca’s extensive partnerships uniquely position it to build the distribution and identity layers that integrate these projects. Partnerships: Mocaverse does not compete with existing L1 and L2 blockchain protocols, but encourages chain agnosticism, interoperability, and inclusiveness, attracting more web3 gaming and crypto communities to collaborate. Experienced Leadership Team: Yat Siu and his team have successfully built a multi-billion dollar company, Animoca Brands. Disadvantages: Complexity of getting started: Although the Realm SDK aims to simplify the user experience, it is still challenging for non-crypto users to get started. Regulatory uncertainty: The complex global regulatory environment may affect the promotion of digital identities and wallets. Unproven business model: The scaled profit model of the web3 digital identity system is still unclear. Chance: Web3 game explosion: A large number of new web3 games will be released in the next 12 months, and Mocaverse may become the main distribution channel for these games. Financialization of online communities: Mocaverse may evolve into a new type of social platform that integrates digital identity and financial capabilities. Flywheel effect: More users and applications enter the platform, forming positive feedback and attracting more projects and users. threaten: Competition from web2 and web3: Apple and Google Play Store may launch crypto integration services. Technical challenges: Integration with multiple blockchains may pose a technical burden in the short term. Timing uncertainty: web3 gaming and the metaverse are still in their early days and may take longer to achieve mass adoption. Valuation The MOCA token was recently listed on major exchanges such as KuCoin, Gate and Bitget, with an initial trading price of $0.088, reaching a high of $0.143 (+63%), and currently falling back to around $0.09. in conclusion Mocaverse is expected to become the backbone of the new digital society by integrating financial services, social interactions and personal identity.
Neo Tokyo Taps NFT & Web3 Growth Firm Unfungible To Bring NFT Gaming To The Masses
Neo Tokyo, a renowned play-to-earn gaming platform and the company behind the popular Neo Tokyo non-fungible token collection, has partnered with Unfungible, another non-fungible token project, and a web3 growth consultancy agency, to bolster blockchain-based gaming within its ecosystem. The joint team anticipates bringing masses into non-fungible token-based gaming. Neo Tokyo Integrates Unfungible NFT In an October 10 blog post, Neo Tokyo confirmed inking a strategic partnership with Unfungible to boost non-fungible token gaming within its ecosystem. Blockchain gaming has existed since 2017 and gained wider attention from the video game industry in 2021. Since then, NFT and Metaverse gaming has lost some footing among crypto players, with Neo Tokyo and Unfungible eying to reshape the future of Web3 gaming. Launched in October 2021, Neo Tokyo is a non-fungible token collection featuring a limited supply of 2027 NFTs that draws inspiration from the popular 1987 anime Neo Tokyo. This collection of NFTs, used to create digital representations of real-world objects like art, music, and even people, was created by Alex Becker and Elliotrades, both popular YouTubers with a large community following. Neo Tokyo NFT was launched without any pre-sales campaign and rapidly grew to become the leading NFT project in the NFT market. The team behind the Neo Tokyo NFT project aims to create a gaming community that encourages a culture of long-term engagement. To achieve this objective, the Neo Tokyo NFTs bring together software developers, token founders, venture capitalists, and game builders who are strongly interested in metaverse gaming. Neo Tokyo And Unfungible Integration Explained To bolster metaverse gaming within its ecosystems, Neo Tokyo has partnered with Unfungible, one of the leading NFT projects, and Web3 growth consulting agencies specializing in crafting organic community-building strategies that convert into revenue. To start its strategic partnership, Neo Tokyo will launch a brand-new weekly Gaming X Space, where they dive into all things Web3 gaming. Neo Tokyo has vowed to share more information about their partnership. Related NFT News: ZachXBT Doxes Wallets Linked To Controversial Crypto NFT Influencer Murad NFTs Are Mooning Again – Here’s The Five Top NFT Gainers Today, October 9 Mocaverse And Square Enix’s Symbiogenesis Launch Their First NFT Game
Mocaverse And Square Enix’s Symbiogenesis Launch Their First NFT Game
Mocaverse, the digital asset company behind the Mocaverse, an Animoca Brands membership non-fungible token collection, has partnered with Squire Enix’s first NFT collectible project, Symbiogenesis, to launch their first non-fungible token game since their official partnership earlier this month. This highly anticipated NFT game has gone live on-chain and is available on desktop and mobile. Mocaverse And Square Enix Launch Their First NFT Game In an October 8 blog post, Mocaverse and Square Enix’s Symbiogenesis confirmed launching their first NFT project since their official collaboration earlier this month. Mocaverse, the overarching web3 umbrella for Animoca Brands, announced a partnership with Square Enix’s first NFT collectible project, Symbiogenesis, last week, aiming to streamline user onboarding from web2 to web3. Launched in March 2023, the Mocaverse is an NFT collection from popular web3 company Animoca Brands. This NFT project consists of a limited edition of 8,888 PFP (profile picture) NFTs, referred to as Mocas. The NFT collection gives the holder exclusive access to Animoca Brands’ ecosystem. Therefore, when any NFT launches, only people who hold Mocaverse NFTs can mint them. On the other hand, Square Enix is a multinational holding company, video game publisher, and entertainment conglomerate. The gaming company is renowned for releasing some of the best role-playing game franchises, including its famous story-driven web3 game Symbiogenesis. Square Enix is the team behind Symbiogenesis, a non-fungible token collection featuring a fixed edition of 10,000 NFTs that allows holders to participate in the game. Mocaverse And Squire Enix Integration Under the new integration, the Mocaverse and Square Enix’s Symbiogenesis have launched their first NFT game. The new skilled-based game features seven missions, allowing players to win up to 625 Realm Points, loyalty points for Moca ID NFT holders. These Realm points will be later converted into MOCA Coin, an Omni-chain native crypto token launched by the MOCA Foundation. To kick off these missions, the Mocaverse team requires gamers to visit its website and click “GAME” to launch the game, which is available on both desktop and mobile. Players can then sign up or log in using Discord and follow the setup flow. From that point, gamers must follow the on-screen instructions to log in or mint their Moca ID. Once their game accounts are linked, they can visit the Mission page to claim their Realm Points (RP). The Mocaverse and Square Enix game will be launched in the Mocaverse, an infrastructure universe designed to unite various cultural economies and maximize network effects. Developed by Animoca Brands, Mocaverse integrates sectors like sports, gaming, music, and more into one unit. The new in-game will see gamers moving from Teleport to the Floating Continent, the last known safe haven on Earth for humans. Their journey will start with RP Missions at the Land of Salvation. Related NFT News: NFT Sales Soar 18% In The Past 7 Days, As DMarket NFTs Explode +1,000% In Sales Magic Eden Partners With Ubisoft To Launch A New NFT Game On Arbitrum Breaking: Daily NFT Sales Jump +440% To +$72M After A Punk NFT Sold For +56M
Phaver (SOCIAL): User-Centric Social Media in a Web3 World
What is Phaver (SOCIAL)? Phaver (SOCIAL) is a decentralized social media platform that puts control back into the hands of users. Unlike traditional platforms where large corporations own the content, Phaver uses Web3 technologies to ensure that users have ownership of their posts and data. Web3, often referred to as the next generation of the internet, focuses on decentralization and Blockchain technology, giving people more control over their online experiences. Phaver aims to blend the best features of social media with the benefits of blockchain, creating a more open, secure, and transparent platform. It offers a space where users can share, discover, and interact with content, but with a fundamental difference - users truly own their content, and they have the ability to earn rewards for their contributions. Who Created Phaver (SOCIAL)? Phaver was co-founded by a talented team of professionals, each bringing years of experience in their respective fields. Let’s take a closer look at the key players behind this platform: ● Joonatan Lintala, Phaver’s CEO, co-founded the platform. He previously worked at Google and was employee number seven at Smartly.io, where he built and led global sales teams. Joonatan played a crucial role in expanding the company's operations into the U.S. market. He also serves as a board advisor to Shook Digital, a TikTok marketing partner, and Pomar, a shoe brand. ● Tomi Fyrqvist, Phaver’s Ecosystem CFO, co-founded the platform and brings a wealth of financial expertise. He has worked at Goldman Sachs, Alibaba, and AXA Ventures Partners. Tomi also led global business development at Daraz, an Alibaba-owned e-commerce company in South Asia. ● Carlo Hyvönen, the CTO and another co-founder, has over a decade of experience as a full-stack developer. Before co-founding Phaver, he worked at Veikkaus, a real money gaming company, where he led machine learning efforts and developed a recommendation system for over two million customers. ● Tom Hämäläinen, Phaver’s Head of Analytics, also co-founded the platform. He previously co-founded Coinmotion, Finland’s largest crypto payment service provider. Tom has extensive experience in full-stack development and is skilled in Solidity, a programming language used for developing smart contracts on the Ethereum blockchain. What VCs Back Phaver (SOCIAL)? Phaver has attracted significant attention from investors, securing backing from several major VC firms such as PolygonVentures, Swissborg, NomadCapital, SymbolicCapital, Dao5, Foresight Ventures, Factor, AlphaNonce, and many more. How Phaver (SOCIAL) Works Lens Protocol Integration One of the standout features of Phaver is its integration with Lens Protocol, a decentralized social graph protocol built on the Polygon blockchain. Lens allows users to own and control their data, making it perfect for a platform like Phaver that focuses on user empowerment. With Lens, Phaver users can create profiles, share content, and interact with other users, all while maintaining full control over their data. When users post content on Phaver, it’s stored on the blockchain via the Lens Protocol. This ensures that the content is immutable (cannot be changed or tampered with) and that the user has true ownership of their posts. This is a significant departure from traditional social media platforms, where the company behind the platform typically owns user content. Farcaster Integration Phaver also integrates with Farcaster, a decentralized social network protocol that aims to provide a more open and flexible framework for online interaction. Farcaster gives users more freedom in terms of how they interact with the platform and ensures that users can maintain control over their identity and content across different dApps. With Farcaster, Phaver users can easily connect with others in the decentralized social space, extending their reach beyond just the Phaver platform. It also provides more flexibility in how users share and interact with content, further enhancing the decentralized social experience. Mocaverse Integration Another exciting integration on Phaver is with Mocaverse, an NFT-powered ecosystem by Animoca Brands. Mocaverse offers a unique feature by allowing users to share content through NFTs, adding another layer of ownership and monetization for users. This means that Phaver users can mint their content as NFTs and potentially sell or trade it, opening up new revenue streams and making the content creation process more valuable. NFTs on Phaver serve as a unique form of social currency, giving users the ability to create and own rare digital items while building a more interactive and engaging community. Cyber Integration Phaver is also connected with Cyber, a Web3 search engine that focuses on decentralization and privacy. Cyber allows Phaver users to discover content and interact with other users through decentralized search functionalities. Unlike traditional search engines that rely on centralized algorithms, Cyber ensures that search results on Phaver are transparent and free from manipulation. This gives users more trust in the content they find and allows for more authentic interactions. Sharing Content On Phaver, sharing content is at the heart of the platform’s user experience. With integrations like Lens Protocol, Farcaster, and Mocaverse, Phaver allows users to share various forms of content, whether it’s text, images, videos, or NFTs. Since the content is stored on the blockchain, users maintain ownership and control over what they post. Additionally, the decentralized nature of Phaver ensures that there’s no censorship or content manipulation by a central authority. This gives users more freedom to express themselves and share ideas without the fear of their content being removed or altered by a third party. Discovering Content Discovering content on Phaver is also a unique experience compared to traditional social media. With the integration of Cyber, users can search for content in a decentralized and transparent way. This ensures that the content they find is authentic and not influenced by algorithms that prioritize ads or paid content. Phaver’s discovery features also allow users to explore content across different dApps and protocols, making it easier for them to connect with others in the Web3 space. This cross-platform integration enhances the overall user experience and creates a more interconnected and decentralized social ecosystem. In-App Tokenomics Phaver’s in-app tokenomics are designed to reward users for enhancing the app experience. Users can earn points by creating and curating content, similar to liking or upvoting posts in other apps. This includes "casting points" to make posts more visible to others. Soon, users will also be able to cast points on their own posts to boost their reach. To ensure fair participation and prevent cheating or people making multiple accounts to gain more points, Phaver requires users to meet certain criteria before they can redeem their points for Phaver Tokens. Additionally, Phaver Cred, a credibility score, is assigned to users based on their on-chain assets like NFTs. These assets are unique and hard to fake, making it more difficult for people to manipulate the system. Phaver Cred also determines a user’s level in the app, which is similar to how frequent flyer programs work. Higher levels unlock special perks, like access to free stakes and a higher monthly limit for redeeming points into tokens. This system is designed to discourage harmful behavior, like farming points, and instead rewards users who are genuinely active and contributing positively to the platform For brands and projects, Phaver is expected to introduce advertising features in 2024. Brands will be able to purchase points to boost their visibility in the app. These points can be bought using Phaver’s native tokens, and a portion of the revenue from fiat payments will be used to support token demand. In addition to earning points, users can also buy and hold Phaver Tokens, known as SOCIAL. Holding SOCIAL provides benefits like higher credibility scores, increased point-to-token conversion limits, and access to exclusive perks, such as VIP support and early access to new features. Phaver users can also buy points with SOCIAL tokens, which is often more affordable than using traditional in-app purchases. This helps create a demand for tokens within the ecosystem, encouraging users to hold and spend SOCIAL. Phaver has also launched its own NFTs, called "Phaver-Up NFTs," to strengthen its on-chain economy. These NFTs provide additional benefits like higher point rewards, exclusive features, and access to a gated community where users can receive direct support and early insights from the Phaver team. The NFTs were distributed through weekly auctions, and more than 17,000 users were eligible to mint them. SOCIAL Goes Live on Bitget Discover the potential of SOCIAL, the native token of Phaver, by trading it on Bitget today. SOCIAL tokens are integral to the Phaver ecosystem, offering holders exclusive benefits and access to unique features within the platform. As Phaver continues to innovate and expand its community-driven model, trading SOCIAL on Bitget provides an opportunity to participate in a vibrant digital economy. With SOCIAL, users can leverage its utility in purchasing advertising, boosting visibility, and accessing premium content on Phaver. Holding SOCIAL tokens also unlocks perks such as higher credibility scores, increased monthly redemption quotas, and VIP privileges. Bitget provides a secure and user-friendly platform for trading cryptocurrencies, ensuring a seamless experience for both new and experienced traders. Take advantage of Bitget’s advanced trading tools and liquidity to capitalize on SOCIAL’s potential growth. How to Trade SOCIAL on Bitget Listing time: September 24, 2024 Step 1: Go to SOCIALUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Trade SOCIAL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Magic Eden And Mocaverse Join Hands To Launch An NFT Launchpad
Magic Eden, a prominent multi-chain non-fungible token market platform, has partnered with Mocaverse, a non-fungible token project from the game software company and venture capital company Animoca Brands, to launch a non-fungible token launchpad. In this article, we shall assess more about this strategic partnership. Magic Eden And Mocaverse Join To Launch An NFT Launchpad In a September 17 blog post, Magic Eden confirmed partnering with Mocaverse to launch a non-fungible token launchpad duped MagicMoca. The newly launched platform is exclusively for the Mocaverse NFT community and is designed to facilitate access to curated gaming and IP NFT project launches. MagicMoca will tap into the Moca Network and its funnel of upcoming NFT projects from Animoca Brands. Launched in September 2021, Magic Eden is one of the leading multi-chain NFT marketplaces supporting non-fungible token collections created on the Solana, Ethereum, Polygon, and Bitcoin blockchain networks. It has rapidly grown to become one of the most prominent NFT market platforms on the Solana blockchain network, where it was initially launched. Magic Eden enables users to create, buy, sell, and collect NFTs. The NFT marketplace features several products, including a Launchpad, which allows creators to develop and trade digital item collections on the Magic Eden site instead of hosting them on their infrastructure. Magic Eden also has a crypto wallet that offers a user-friendly and secure custodial experience. On the other hand, Mocaverse is a non-fungible token project launched by blockchain gaming giant and NFT infrastructure provider Animoca Brands. Mocaverse NFT collection features a limited edition of 8,888 NFTs of characters called Mocas hosted on the Ethereum blockchain network. Mocaverse was created to fuse Animoca Brands’ crypto projects, subsidiaries, joint ventures, and partners through a unique NFT collection. MagicMoca NFT Launchpad Overview Magic Eden NFT marketplace and Mocaverse announced their new NFT launchpad during the Token2049, a global web3 event organized annually in Singapore and Dubai, where decision-makers in the crypto ecosystem connect to exchange ideas. While commenting about the new strategic partnership, Jack Lu, the CEO and co-founder of Magic Eden, remarked: “It’s been a great experience partnering with Mocaverse and bringing this launchpad to life. Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.” In turn, Kenneth Shek, Mocaverse lead, commented: “Mocaverse welcomes Magic Eden to the Moca Network, where we share the same vision to accelerate consumer crypto by using NFTs as the touchpoint for day to day consumers. Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities. Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin.” MagicMoca will launch later in Q3 2024. The NFT launchpad will be the first co-branded NFT launchpad to curate high-quality NFT projects from key cultural verticals such as gaming, sports, IP, and others for holders of Moca NFTs and Moca IDs. MagicMoca will adopt MOCA Coin as its primary currency for sale activities. In addition, Magic Eden will enable Moca ID users to participate in the highly curated NFT launches and build their on-chain reputation with NFTs. Related NFT News: SEC Fines Flyfish Club $750K For Selling Unregistered Securities In The NFT Market DeGods NFT Creator De Labs Launches A New Crypto Token $DeGods – Here’s More Details NFT Sales Soar 3% This Week, As NFT Buyers And Sellers Surge By Over 450%
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