TL;DR
The time has come to look closer at the newly released MOCA by stepping into the Mocaverse. As one of the most well-funded companies, Animoca Brands is no stranger to the world of crypto. Spread out between Animoca Brands, Animoca Brands KK, and Animoca Ventures, the company has invested in almost 400 crypto projects to date, making more money from blockchain technology than any mobile game they’ve previously published. I mean, seriously, when was the last time you saw someone playing Burnout on their mobile phone? My guess is never. Now, Animoca has decided to launch its Mocaverse project to cash in on the next adoption phase of NFTs in 2024. So what’s different between Moca and the dozens of NFT-centric products on the market? Let’s dive in and find out.
For starters, Animoca Brands was nothing more than a small mobile gaming publisher before the world of crypto took over.
It now sits as one of the largest investment arms in blockchain. Garnering the company an evaluation of $5.5 Billion in 2024. Giving them near unlimited resources to make sure that anything they touch is done with a level of polish others just can’t compete with.
With a pension for all things NFT, Animoca released its Mocaverse project as a way to develop a membership NFT collection to build web3-native tools for gaming and entertainment products.
But what does this mean for the real users, how do we know Mocaverse will follow through, and should we even trust a Venture Capital Firm to build something meaningful?
What’s in the Mocaverse?
Before we get too deep into the minutia of Mocaverse. It’s important to understand that the MOCA project is not looking to reinvent the wheel or bring new value to the NFT marketplace. Instead, The Mocaverse NFT collection is reserved exclusively for the friends and family of Animoca Brands.
Designed to champion the values of Animoca Brands broader ecosystem as they continue to support the advancement of Web3 and digital property rights. Meaning, that the Mocaverse is less about creating new value as much as it is about securing the investments Animoca Brands already has. Which equates to mainly supporting properties under the Animoca Brand house.
Essentially Mocaverse wants to position itself to become the premier NFT membership club for Web3 products that need a little boost on their balance sheet.
Products that are an advantageous endeavor for Animoca Brands shareholders. Not to be confused with the Mocaverse game currently available on Steam.
So let’s break down the three specific areas that the Mocaverse is looking to accommodate. Starting with MOCA ID.
MOCA ID
Moca IDs are less about digital identities and more about exclusivity for Mocaverse participants. To grab one you’ll need to either own a Mocaverse NFT or have access to an invite code.
The MOCA ID acts as proof that can travel with you across the various products in the Mocaverse and allow you to accrue points and build your reputation across the MOCA ecosystem.
In my research of Mocaverse, I’ve found that all major parts of the project require the user to have a MOCA ID to even access the Mocaverse, forcing you to buy one of the Moca NFTs for participation.
Carrying a floor price of 1.8 ETH at the time of writing, This is an absolutely ridiculous way to force anyone into purchasing an…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
