Mocaverse

About Mocaverse

Mocaverse, a flagship project by the digital entertainment and blockchain leader Animoca Brands, was initiated in 2022 by co-founders Yat Siu and David Kim. Originally launched as an exclusive NFT collection of 8,888 unique PFPs, called Mocas, for Animoca Brands' partners and portfolio companies, it has since evolved into a comprehensive interoperable infrastructure stack for the Web3 ecosystem. The project is designed to unify the fragmented landscape of gaming, music, sports, and other digital intellectual properties into a cohesive network.

The business operates as a foundational layer for Web3, providing tools for decentralized user identity, reputation, and loyalty. Its core offering is the Moca Network, an ecosystem where partners can build and connect their applications. A key product is the Moca ID, a decentralized identity (DID) system that allows users to navigate the Web3 space with a single, self-sovereign identity, accumulating "Realm Points" (RP) to build their on-chain reputation. This system has already registered over 1.79 million users. For developers and partner companies, Mocaverse provides the Realm SDK, a software development kit that enables the creation of interoperable ecosystems with their own reputation and reward systems. This infrastructure is designed to solve the cold-start problem for new applications by providing access to an established network of users.

Revenue and ecosystem growth are driven by the $MOCA token, which functions as both a utility and governance token. Partners stake $MOCA to access the network and pay for services like credential verification, while users can use it for payments and earn it as a reward for engagement, creating a flywheel effect that fuels participation and attracts more partners. Mocaverse targets both end-users seeking a unified Web3 experience and businesses (from Web2 and Web3) looking to onboard users into the decentralized digital world. The company has secured significant funding, including a $10 million Series A round in November 2024 from investors like OKX Ventures, CMCC Global, and Hong Shan (formerly Sequoia China), to accelerate its development and mass adoption goals. Strategic partnerships with major platforms like SK Planet, OneFootball, and the TON Foundation aim to onboard a combined user base of hundreds of millions into the Mocaverse ecosystem.