The Mocaverse project token, MOCA, has started trading on several well-known centralized exchanges, including KuCoin, Gate, HTX, Coinlist, Bitget, MEXC, and Bitmart. Trading commenced with a MOCA rate of $0.088. Listing on these major exchanges is expected to boost MOCA’s visibility and trading volume, attracting a broader audience of investors and users.

Staking and Token Generation Event

Mocaverse will introduce a staking feature alongside a Token Generation Event (TGE). Users can stake MOCA tokens to receive staking power or “soft stake.” Participants in MOCA Saving 1.0 can accumulate staking power at a rate of 0.000001 per second.

“Staking Power grants holders exclusivity in terms of experiences and rewards. Higher Staking Power means better access to reward pools.”

A 50% early staking boost will be available from July 11 to July 25 to encourage early participation. However, withdrawing MOCA tokens from staking during this period will reset the bonus staking power to zero.

What is Mocaverse?

Mocaverse 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 belonging to one of five factions: Angels, Builders, Dreamers, Connectors, and Neo-Capitalists.

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Mocaverse members have access to features that allow them to learn, play, do well, and build. 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 features Moca ID, a decentralized identification system (DID) that integrates with crypto wallets, facilitating communication and collaboration within the ecosystem. The project is governed through the Moca DAO, where NFT owners can propose, vote, and implement changes, ensuring community-based governance and decision-making.

Additionally, Mocaverse 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, with rewards awarded upon successful completion.

Who is Behind Mocaverse?

Mocaverse is an NFT ecosystem from Animoca Brands, designed to support a unified web3 community. Animoca Brands, a significant player in digital entertainment and blockchain games, operates metaverse leader The Sandbox and other web3 projects. Its portfolio includes over 300 cryptocurrency and blockchain projects.

In September 2023, Animoca Brands raised $20 million for the Mocaverse project through an additional issue of common stock. CMCC Global led the funding round, with investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, and several individuals, including Animoca Brands executive chairman and co-founder Yat Siu. The funds were used for product development and implementing web3 and partnership programs to expand the gaming, cultural, and entertainment ecosystem.

Market Insights

According to DappRadar, the volume of sales in the NFT market increased by 28% in the second quarter of 2024, reaching levels last seen in early 2023. Between April and June 2024, $4 billion worth of NFTs were sold, up 3.7% from the fourth quarter of 2023.

“The top 5 NFT collections by trading volume this quarter remain largely unchanged from the previous quarter, with notable exceptions by Runestone and fantasy.top. Both collections have enjoyed incredible success and popularity in Q2 2024.”

Sara Gherghelas, a DappRadar blockchain analyst, highlighted that Blur remains the most popular NFT platform with a 31% market share, although it has lost almost 50% of its dominance since the last quarter. Magic Eden is in second place, thanks to Ordinals, which increased its dominance from 17% to 22%. OpenSea ranks third, leading as the most popular NFT marketplace in terms of sales volume with a market share of 12%.

Mocaverse Roadmap

While the Mocaverse developers have yet to publish a detailed roadmap, the community eagerly awaits updates regarding the project’s immediate plans and long-term vision. The involvement of Animoca Brands, a significant entity in the web3 industry, supports confidence in the project’s future developments.

For more updates on Mocaverse and the latest in cryptocurrency news, keep exploring Global Crypto News.

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