Mocaverse, backed by Animoca Brands, has recently seen the launch of its native token MOCA on major exchanges, with trading starting at a rate of $0.088. Users are also able to stake MOCA tokens to receive staking power or “soft stake,” with a 50% early staking boost available from July 11 to July 25. However, withdrawing MOCA coin from staking during this period will reset the bonus staking power to zero.
In addition to the token launch, Mocaverse has introduced an NFT collection consisting of 8,888 characters named Moka, each belonging to one of five factions: Angels, Builders, Dreamers, Connectors, and Neo-Capitalists. Additionally, members of Mocaverse have access to various features for learning, playing, and building, with a focus on promoting social responsibility through participation in charitable projects. Mocaverse also features Moca ID, a decentralized identification system that integrates with crypto wallets, making communication and collaboration within the ecosystem easier.
The project has received funding from various investors, including CMCC Global, Kingsway Capital, Liberty City Ventures, GameFi Ventures, and individuals, including Animoca Brands executive chairman and co-founder Yat Siu. These funds have been used for product development and to implement web3 and partnership programs to expand the gaming, cultural, and entertainment ecosystem. Meanwhile, the NFT market has seen significant growth, with sales rising 28% and $4 billion worth of NFTs being sold between April and June 2024.
However, the platform has lost almost 50% of its dominance since the last quarter. Despite this, the support of Animoca Brands, a recognized giant in the web3 industry, provides faith in the project. Looking ahead, the community eagerly awaits news regarding Mocaverse’s immediate plans and long-term vision, along with the publication of a roadmap detailing the exact plans for the project in the coming years.