Mocaverse
The Mocaverse aims to create a decentralized cultural economy that connects various “subnets” or partner networks, each focusing on different pillars such as music, sports, gaming, and education.
This interconnectedness ensures that users across different domains can interact, transact, and collaborate efficiently, fostering a vibrant community.
Central to the Mocaverse ecosystem is its native utility and governance token, MOCA. The MOCA token is built on the LayerZero v2 protocol.
Background
The concept of Mocaverse was introduced in December 2022 by Animoca Brands, with the official NFT collection launched in 2023. The aim was to create a synergistic community within Animoca Brands’ ecosystem.
Launch
The MOCA token sale started in April 2024, concluded in May 2024, and launched on July 11 2024.
How does it work?
Mocaverse serves as a membership NFT collection reflecting the ecosystem’s values around Web3 and digital property rights.
At the core of its security measures is the implementation of a decentralized identifier system. This system enhances the security by providing a robust method for authenticating and verifying transactions without the need for centralized control. Such a system is instrumental in mitigating risks associated with single points of failure, thereby enhancing the overall resilience of the network against attacks.
The MOCA utility and governance token is built on a robust protocol ensuring seamless cross-chain transactions and interactions across various virtual machines and blockchain layers.
