The MOCA token, associated with the Mocaverse project, has commenced trading on several renowned centralized exchanges, including KuCoin, Gate, HTX, Coinlist, Bitget, MEXC, and Bitmart. Trading began with an initial rate of $0.088. The listing on these major exchanges is expected to enhance the visibility of MOCA and attract a larger audience of investors and users, leading to a significant increase in trading volume.
In addition to trading, Mocaverse will introduce a staking feature alongside a Token Generation Event (TGE). Users will have the ability to stake their MOCA tokens and receive staking power, or “soft stake.” Participants in MOCA Saving 1.0 can accumulate staking power at a rate of 0.000001 per second.
To encourage early participation, a 50% early staking boost will be available from July 11 to July 25. However, withdrawing MOCA coins from staking during this period will reset the bonus staking power to zero.
So, what exactly is Mocaverse? It is a project that aims to connect various projects, subsidiaries, joint ventures, and partners of the company through a unique collection of NFTs. The MOCA NFT collection consists of 8,888 characters called Moka, each belonging to one of five factions: Angels, Builders, Dreamers, Connectors, and Neo-Capitalists.
Members of Mocaverse have access to a range of features that enable them to learn, play, excel, and build. This includes access to online training courses, interactive AMA sessions, game passes, in-game assets, and an acceleration program designed to foster project development. The platform also encourages social responsibility by involving NFT holders in charitable projects.
Mocaverse also features Moca ID, a decentralized identification system (DID) that integrates with crypto wallets, making communication and collaboration within the ecosystem easier. The governance of Mocaverse is carried out through the Moca DAO, where NFT owners have the right to propose, vote, and implement changes, ensuring community-based governance and decision-making.
Furthermore, the project offers Mocana Missions, which are web3 platforms that allow users to earn points by participating in various interactive and gaming activities. These missions are designed to keep users engaged in the ecosystem, and rewards are given upon successful completion.
Behind the Mocaverse project is Animoca Brands, a leading player in the digital entertainment and blockchain games industry. Animoca Brands operates notable web3 projects, including metaverse leader The Sandbox. Their portfolio consists of over 300 cryptocurrency and blockchain projects of different types.
In September 2023, Animoca Brands raised $20 million for the Mocaverse project through an additional issuance of common stock. CMCC Global led the funding round, which also included investors such as Kingsway Capital, Liberty City Ventures, GameFi Ventures, and individuals like Animoca Brands executive chairman and co-founder Yat Siu. The funds raised were utilized for project promotion, product development, and the implementation of web3 and partnership programs to expand the gaming, cultural, and entertainment ecosystem.
In terms of the NFT market, the second quarter of 2024 witnessed an increase in sales volume. According to DappRadar, sales rose by 28%, reaching levels last seen in early 2023. During the April to June period, $4 billion worth of NFTs were sold, representing a 3.7% increase from the fourth quarter of 2023.
DappRadar blockchain analyst Sara Gherghelas highlighted that Blur remains the most popular NFT platform, holding a 31% market share. However, the platform’s dominance has decreased by almost 50% compared to the previous quarter. Magic Eden follows in second place, with its dominance increasing from 17% to 22% thanks to Ordinals. OpenSea ranks third, although it leads as the most popular NFT marketplace in terms of sales volume, with a market share of 12%.
As for Mocaverse’s plans, the developers have yet to release a roadmap, leaving the exact details of the project’s future unclear. However, with the backing of Animoca Brands, a well-established giant in the web3 industry, confidence in the project remains high. The community eagerly awaits news regarding the project’s immediate plans and long-term vision.
In related news, a subsidiary of Animoca Brands is set to launch a metaverse token on Bitcoin.