What Is Mocaverse (MOCA)?
Mocaverse (MOCA) is an NFT collection developed by Animoca Brands. Mocaverse is an interoperable infrastructure stack that brings together various cultural economies such as gaming, music, sports, and other digital intellectual properties. In simpler terms, the Mocaverse creates a unified digital environment where users can easily interact with a wide range of entertainment and cultural experiences.
Unlike typical NFTs, which are often traded or held as assets, the Moca NFTs in the Mocaverse, dubbed “Mocas”, serve as exclusive membership keys to the broader Animoca Brands Web3 community, which is made up of investors, partners, and teams from other companies under Animoca Brands.
Who Created Mocaverse?
Mocaverse was developed by Animoca Brands, a company known for its work in digital entertainment, blockchain, and gamification. Founded in 2014, Animoca Brands focuses on advancing digital property rights within the Web3 and open metaverse space. Some of its other notable projects include The Sandbox, Life Beyond and Crazy Defense Heroes.
The founder of Animoca Brands is Yat Siu, an entrepreneur with years of experience in the digital and technology sectors. He began his career at Atari Germany and later became a director at Lexicor and AT&T Solutions. After moving to Hong Kong, he founded Cybercity, Asia’s first free web page and email provider. He also founded Outblaze before co-founding Animoca and Animoca Brands. Yat Siu is also active in Web3 governance, having been appointed to the Task Force on Promoting Web3 Development by the Hong Kong government in 2023.
How Does Mocaverse Work?
The Mocaverse is made up of three key components, the Moca NFT collection, the Mocana, and the Moca ID. Let’s explore each of these in greater detail:
Moca NFT
The foundation of Mocaverse is its NFT collection, featuring 8,888 unique characters known as "Mocas". Each Mocabelongs to one of five distinct tribes, each representing different roles within the Mocaverse:
Dreamers: The innovators of the ecosystem, Dreamers are responsible for generating new ideas and concepts that enhance the Mocaverse.
Builders: These characters take the ideas from Dreamers and turn them into reality, constructing the digital infrastructure of Mocaverse.
Angels: Angels seek out opportunities and support the projects initiated by Builders, often providing the necessary resources for completion.
Connectors: Serving as the bridge between Mocana (the world of Mocas) and the outside world, Connectors facilitate communication and collaboration with external entities.
Neo-capitalists: They manage the distribution of benefits within the ecosystem, ensuring that each character's contributions are appropriately rewarded.
Each Moca NFT serves as a key, granting holders exclusive access to the broader Animoca Brands Web3 community. Access includes:
Participation in special events and masterclasses.
Early access to in-game asset drops.
The ability to engage with different realms within Mocana, earning realm points and contributing to the ecosystem's growth.
Moca NFTs are not available to the general public. Instead, they are reserved for a select group of connected users within the Animoca Brands network. Eligible parties include:
Animoca Brands’ institutional and retail investors.
Employees of Animoca Brands and its subsidiaries.
Management teams of companies in the Animoca Brands Web3 investment portfolio.
Key partners of Animoca Brands.
Moca NFTs can be traded on secondary markets, which allows other users to acquire these NFTs even if they were not part of the initial distribution. While the original allocation is exclusive, other interested users can still become part of the Mocaverse by purchasing and trading Moca NFTs from existing holders on NFT marketplaces. Such a trading feature adds liquidity and accessibility, enabling a broader audience to participate in the Mocaverse.
Mocana
Mocana is the central hub of Mocaverse, offering a platform where Web3 enthusiasts can engage with curated experiences across a variety of domains, including sports, gaming, music, and digital intellectual properties. Mocana is structured around four main categories of utility, known as realms, each serving a unique purpose in the ecosystem.
Learn: A realm focused on education, where users can exchange ideas, gain new knowledge, and participate in expert-led sessions and masterclasses.
Play: This realm is dedicated to entertainment, allowing users to access and enjoy exclusive gaming experiences and in-game assets.
Build: A collaborative space where users can contribute to the development of new projects, participate in accelerator programs, and help shape the future of the Mocaverse ecosystem.
Do Good: A realm centered around philanthropy and social impact, where users can engage in initiatives that contribute to charitable causes and community well-being.
By participating in these realms, users can earn realm points (RP), which serve as a form of recognition and reward within the ecosystem. Realm points can be used to unlock additional benefits, such as enhanced access to events, exclusive content, and priority in community decision-making processes. Accumulating realm points also increases a user's influence and standing within Mocaverse, allowing them to play a more significant role in the growth and evolution of the ecosystem.
Moca ID
The Moca ID is a decentralized identity (DID) system that provides users with seamless access to Animoca Brands’ vast ecosystem, which includes over 450 portfolio companies and an expanding network of partners. It is an on-chain identity that not only allows you to interact across various products within the ecosystem but also lets you accumulate realm points (RP) to build your reputation. These points can be exchanged for exclusive benefits available only to Moca IDholders, and your growing reputation across Web3 can unlock further opportunities with partners.
To get a Moca ID, you need an invite code, which you can obtain by:
Owning a Moca NFT: Receive an invite code and three friend codes to share.
Marketing and social media giveaways: Follow the Mocaverse channels for a chance to get an invite code.
Friend referral: Some invite codes come with extra friend codes for inviting others.
Why Trade MOCA?
MOCA is the foundational currency of the Moca Network. It is a fungible token (FT) built on the LayerZero v2 protocol, serving multiple roles within the Mocaverse.
Key Use Cases of MOCA
Payment Currency: MOCA is used as a medium of exchange within the network for purchasing digital goods and services, such as battle passes, collectibles, and other in-game assets. Additionally, it also serves as the primary currency for minting new digital assets.
Transaction Fees: Users can spend MOCA on a pay-per-use basis to access various services within the Moca Network, including paying for gas fees across different blockchain networks, managing digital identities, and using reputation-based identity services.
Proof-of-Loyalty: Holding MOCA tokens and maintaining them over time can earn users loyalty-based rewards, such as ecosystem rewards distributed by Moca Network partners or exclusive access to digital asset accelerators.
Growth Suite: MOCA supports a reputation-based economy where users can leverage their data and reputation to earn rewards. This includes pay-to-reach services, boosting with reputation, and staking for access to premium services.
Governance Voting: MOCA is central to the governance layer of the Moca DAO. As a utility and governance token, MOCA holders can vote on Moca Improvement Proposals (MIPs) and participate in governance decisions that shape the future of the network.
MOCA Tokenomics
Name: Moca
Symbol: $MOCA
Total Supply: 8,888,888,888 tokens
Current Price: $0.1351 (on 23 August, 2024)
Market Cap: $153.75 million (on 23 August, 2024)
Token Allocation:
Network Incentives: 31.5% of the total token supply
Ecosystem & Treasury: 20% of the total token supply
Strategic Partners: 13% of the total token supply
Team: 12% of the total token supply
Liquidity: 10% of the total token supply
LC+ Advisors: 7% of the total token supply
Operational Expenses: 5% of the total token supply
Community Sale: 1.5% of the total token supply
How to Trade MOCA on Flipster?
Sign up for an account on the Flipster website or by downloading the Flipster app (Android or Apple).
Click the [Trade] tab.
Search for MOCA and click on it.
Select the leverage (up to 100x).
Select either a Trigger Order or Market Order.
Input the amount of crypto you wish to trade, or select a percentage of your available funds to use.
Once you have confirmed the details, click the [Long] or [Short] button to open a position.
Disclaimer: This material is for information purposes only and does not constitute financial advice. Flipster makes no recommendations or guarantees in respect of any digital asset, product, or service. Trading digital assets and digital asset derivatives comes with significant risk of loss due to its high price volatility, and is not suitable for all investors.