What is known about the Mocaverse supported by Animoca Brands

MOCA, the token of the Mocaverse project, has commenced trading on several popular centralized exchanges, including KuCoin, Gate, HTX, Coinlist, Bitget, MEXC, and Bitmart. Trading began with MOCA being valued at $0.088. The listing on these major exchanges is expected to enhance MOCA’s visibility and attract a larger audience of investors and users, leading to significant trading volume.

In addition to the trading launch, Mocaverse will introduce a staking feature along with a Token Generation Event (TGE). Users will have the opportunity to stake their MOCA tokens and receive staking power, referred to as “soft stake.” Participants in MOCA Saving 1.0 will accumulate staking power at a rate of 0.000001 per second.

To encourage early participation, an early staking boost of 50% will be available from July 11 to July 25. However, if MOCA coins are withdrawn from staking during this period, the bonus staking power will be reset to zero.

So, what exactly is Mocaverse? It is a project that aims to connect various portfolio projects, subsidiaries, joint ventures, and partners through a unique collection of NFTs. The MOCA NFT collection consists of 8,888 characters named 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. These features include 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 facilitated through the Moca DAO, where NFT owners exercise their rights to propose, vote, and implement changes. This community-based governance and decision-making process ensures the project’s transparency and inclusivity.

Moreover, Mocaverse offers Mocana Missions, which are web3 platforms that allow users to earn points by participating in interactive and gaming activities. These missions are designed to keep users engaged in the ecosystem, and rewards are given upon successful completion.

Behind the development of Mocaverse is Animoca Brands, a prominent player in the digital entertainment and blockchain games industry. Animoca Brands operates The Sandbox, a leading metaverse, along with other web3 projects. Its portfolio comprises over 300 cryptocurrency and blockchain projects of diverse types.

In September 2023, Animoca Brands raised $20 million for the Mocaverse project through an additional issuance of common stock. The funding round was led by CMCC Global, with participation from investors such as Kingsway Capital, Liberty City Ventures, GameFi Ventures, and individuals, including Animoca Brands’ executive chairman and co-founder, Yat Siu. As part of the fundraising, the company offered simple agreements with investors for future equity capital, providing utility tokens as corresponding warrants.

The funds raised have been utilized to promote the project, including product development and the implementation of web3 and partnership programs to expand the gaming, cultural, and entertainment ecosystem.

In terms of the NFT market, sales have seen an increase in the second quarter of 2024, according to DappRadar. Sales rose by 28%, reaching levels last observed in early 2023. The total value of NFTs sold between April and June 2024 amounted to $4 billion, 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 has witnessed a decline of nearly 50% in its dominance since the previous quarter. Magic Eden, driven by Ordinals, has secured the second spot, increasing its dominance from 17% to 22%. OpenSea ranks third but 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. However, with the support of Animoca Brands, a renowned player in the web3 industry, there is a sense of confidence in the project. The community eagerly awaits news regarding the project’s immediate plans and long-term vision.

In conclusion, Mocaverse’s MOCA token has commenced trading on several centralized exchanges, marking an important milestone for the project. The inclusion of a staking feature and the unique NFT collection contribute to the project’s overall appeal. With the backing of Animoca Brands and the growing NFT market, Mocaverse is poised for success in the web3 ecosystem.