Animoca Brands Raises $20 Million Funding for Ambitious Mocaverse Metaverse Project

Mocaverse: A Membership NFT Collection for Digital Identity and Loyalty Points

The Mocaverse is a collection of 8,888 non-fungible tokens (NFTs) called Mocas, which belong to five different tribes. The goal of Mocaverse is to allow participants to create digital identities, earn and spend loyalty points, and use these identities across the Mocaverse ecosystem.

Animoca Brands, the company behind Mocaverse, envisions it as the identity and point system for Web3 gaming, culture, and entertainment. To achieve this, Mocaverse will soon launch ‘Moca IDs,’ which are non-transferrable NFTs that enable users to have a single identity across Animoca Brands’ platforms.

By holding a Moca ID, users will have exclusive access to Mocaverse experiences and can earn loyalty points through active engagement. These loyalty points will fuel a permissionless, interoperable, and decentralized loyalty system for third-party adoption and integration of Moca IDs.

Mocaverse aims to create a community that fosters innovation and collaboration across the broader Animoca Brands ecosystem, generating new economic opportunities and serving as a digital identity, reputation, and loyalty system for decentralized organizations.

Hot Take: The Role of Mocaverse in the Future of the Metaverse

Mocaverse, with its focus on digital identity and loyalty points, plays a crucial role in shaping the future of the metaverse. As the metaverse evolves, it will become increasingly important for users to have a unified digital identity that can be used across various platforms and experiences. Mocaverse’s Moca IDs provide a solution to this need, enabling users to seamlessly navigate the metaverse with a single identity.

In addition to digital identity, Mocaverse introduces a loyalty points system that rewards active engagement. This system not only incentivizes users to participate more actively but also encourages the integration of Moca IDs by third-party organizations. By creating a decentralized loyalty system, Mocaverse paves the way for a more inclusive and collaborative metaverse ecosystem.

Overall, Mocaverse represents a significant step towards the realization of a fully functional and interconnected metaverse, where users can explore, create, and engage with digital experiences while leveraging their digital identity and earning rewards.