The Mocaverse project token, MOCA, has started trading on well-known centralized exchanges including KuCoin, Gate, HTX, Coinlist, Bitget, MEXC, and Bitmart.
Trading began with a MOCA rate of $0.088. The listing on several major centralized exchanges is expected to increase MOCA’s visibility and significant trading volume, attracting a wider audience of investors and users.
Mocaverse too nfts-387799e1869b” target=”_blank” rel=””>introduce a staking feature along with a Token Generation Event (TGE). Users can stake MOCA tokens to receive staking power or “soft staking.” MOCA Saving 1.0 participants will be able to accumulate staking power at a rate of 0.000001 per second.
“Staking power gives holders exclusivity in terms of experiences and rewards. Greater staking power means better access to rewards pools.”
Animoca Brands Blog
A 50% early staking boost will be offered from July 11th to July 25th to encourage early participation. However, if MOCA coins are removed from staking during this period, the additional staking power will be reset to zero.
What is Mocaverse?
Mocaverse is a project that aims to connect the company’s 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 of which belongs to one of five factions: Angels, Builders, Dreamers, Connectors, and Neocapitalists.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“/>
Mocaverse members have access to various features that allow them to learn, play, succeed, and develop. These include access to online training courses, interactive AMA sessions, game passes, in-game assets, and an acceleration program designed to develop projects. The platform also promotes social responsibility by encouraging nft holders to participate in charitable projects.
Mocaverse also features Moca ID, a decentralized identification (DID) system that integrates with crypto wallets, facilitating communication and collaboration within the ecosystem.
Mocaverse is governed by the Moca DAO, whose nft owners exercise their rights to propose, vote on, and implement changes, providing community-based governance and decision-making.
Additionally, the project offers Mocana Missions, web3 platforms through which users can earn points for 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.
Who is behind Mocaverse?
Mocaverse is a new nft ecosystem from Animoca Brands designed to support a unified web3 community. Animoca Brands, a leading player in the field of digital entertainment and blockchain gaming, operates the metaverse leader The Sandbox and other web3 projects. Its portfolio includes over 300 cryptocurrency and blockchain projects of various types.
In September 2023, Animoca Brands raised $20 million for the Mocaverse project through an additional issuance of common shares.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
CMCC Global led the funding round. The list of investors also included Kingsway Capital, Liberty City Ventures, GameFi Ventures and several individuals including Animoca Brands CEO and co-founder Yat Siu.
As part of the fundraising, the company signed simple agreements with investors for future equity capital, providing corresponding warrants in the form of utility tokens.
The funds received were used to promote the project, including product development and the implementation of web3 and partnership programs to expand the gaming, culture and entertainment ecosystem.
What's happening with the nft market?
According to analytics platform DappRadar, sales volume on the non-fungible token market increased in Q2 2024. Sales rose by 28%, reaching levels last seen in early 2023. Between April and June 2024, $4 billion worth of nfts were sold, up 3.7% from Q4 2023.
Sara Gherghelas, blockchain analyst at DappRadar, highlighted that Blur remains the most popular nft platform, with a 31% market share. However, the platform has lost almost 50% of its dominance since the last quarter.
Magic Eden takes second place, having been helped by Ordinals, which increased the platform’s dominance from 17% to 22%. OpenSea takes third place, although Gherghelas notes that the trading platform leads as the most popular nft marketplace in terms of sales volume with a 12% market share.
“The top 5 nft collections by trading volume this quarter remain largely unchanged from the previous quarter, with the notable exceptions of Runestone and fantasy.top. Both collections have enjoyed incredible success and popularity in Q2 2024.”
Sara Gherghelas, blockchain analyst at DappRadar
What is Mocaverse planning?
The developers of Mocaverse have yet to publish a roadmap, so one can only guess about the exact plans for the project in the coming years. However, the big name of Animoca Brand, a recognized giant in the web3 industry, supports confidence in the project.
One way or another, the community is eagerly awaiting news from the project about its immediate plans and long-term vision.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
