Crypto Quill

Mocaverse, a membership network program by Animoca Brands, has announced strategic partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet. These collaborations aim to connect the on-chain cultural economy with Centralized Finance (CeFi) and offer users a seamless and rewarding experience.

What is Mocaverse and Moca ID?

Mocaverse is an initiative by Animoca Brands, a leading digital entertainment company, to create a network of projects, partners, affiliates, and joint ventures that share a common vision of the metaverse and Web3. Mocaverse offers a limited NFT collection that grants access to exclusive benefits and incentives from Animoca Brands and its associates.

Moca ID is a decentralized identity (DID) that Mocaverse recently launched to enable user progression across multiple Web3 cultural domains, such as PointFi and SocialFi. Moca ID allows users to easily onboard into the Mocaverse ecosystem and access various fun and culturally enriching activities. Moca ID also integrates with Moca self-custodial wallets, which are compatible with different blockchains and tokens.

How do the partnerships work?

According to the official announcement, users who have IDs for OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet can redeem them in-app for Moca ID and join the Mocaverse ecosystem. By doing so, they can participate and engage in various associate initiatives and earn Realm Points, which are redeemable for tangible rewards and incentives from Mocaverse and Animoca Brands.

Some of the benefits that Moca ID holders can enjoy include:

• Access to exclusive NFT drops, auctions, and sales from Animoca Brands and its partners
• Early access to beta testing and feedback sessions for new games and products
• Discounts and vouchers for purchases and subscriptions on Animoca Brands platforms and stores
• Invitations to VIP events, meetups, and webinars with industry experts and influencers
• Opportunities to collaborate and co-create with Animoca Brands and its associates

What do the partners say?

The partners expressed their excitement and optimism about the collaborations and the potential of Mocaverse and Moca ID to bridge the gap between CeFi and Web3.

Kenneth Shek, the project lead at Mocaverse, said that these strategic alliances will enable them to rethink the Web3 network effect and establish interoperability as the foundation for acquiring new users.

Jason Lau, the chief innovation officer at OKX, said that OKX Wallet is best suited for exploring the cutting-edge realm of Web3 gaming, as well as gaining exposure to culture and entertainment.

Eric Anziani, the president and chief operating officer of Crypto.com, said that the main purpose of Crypto.com DeFi Wallet is to connect the DeFi and Web3 spaces to the masses.

Jeff Hou, the CEO of Halo Wallet, said that connecting with Mocaverse has been a pleasure. He added that Moca ID and Mocaverse holders will receive additional benefits from Halo in the SocialFi domain.

Why is this important?

The partnerships between Mocaverse and the leading wallets are important for several reasons. First, they demonstrate the growing interest and adoption of Web3 and the metaverse, which are expected to revolutionize the digital economy and culture. Second, they showcase the innovation and collaboration of Animoca Brands and its associates, which are among the pioneers and leaders in the NFT, gaming, and blockchain space. Third, they provide users with a unique and rewarding opportunity to access and enjoy a variety of Web3 cultural experiences, while also supporting the development and growth of the Mocaverse ecosystem.