Coin overview
MOCA
Ended--
Last price (USDT)
38.26K
24h total (USDT)
83.94K
Total vol (USDT)
2024-06-27 12:00:00 ~ 2024-07-11 09:30:00
Trading time (UTC+0)
2024-07-11 14:00:00
Delivery time (UTC+0)
Total supply8.88B
Resources
Introduction
$MOCA is the underlying resource that powers the Moca Network, an interoperable consumer network with a pre-existing ecosystem of 450+ companies seeded by Mocaverse and Animoca Brands. With $MOCA, users can gain access to and participate in consumer dApps in key cultural verticals like gaming, sports, music, and IP. This is enabled by Mocaverse’s interoperable infrastructure layer of Account, Identity, Points, and Reputation.
Next Cryptocurrency to Explode, 21 December — Snek, ChainGPT, Moca, dForce
The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) reached two new all-time highs this month; first above 100K, then 108,319.87. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Smart investors anticipate a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale. 1. Snek (SNEK) Launching during a challenging bear market, SNEK quickly built a strong and passionate community on the Cardano network. Unlike many projects, its presale ensured fairness, offering no preferential allocation to the development team. SNEK’s mission is clear: to create an inclusive, community-driven token that thrives over time. It focuses on delivering a rewarding user experience while strengthening ties between its community, the token, and the broader DeFi ecosystem. When it comes to performance, SNEK has made waves. In just 24 hours, the token’s price surged by 26.35%, reaching $0.006402. Over the past 30 days, it recorded 19 green days, highlighting its consistent growth. Market sentiment is notably bullish, with the Fear & Greed Index reflecting an Extreme Greed score of 82, underscoring growing investor confidence. SNEK has also introduced innovative features that boost its utility and engagement. One standout is the Snek game, developed through a partnership with Paima Studios, offering a fun way for users to interact with the ecosystem. Additionally, the platform includes a raffle system where users can join pools to win free tokens. Holders can further benefit by staking their $SNEK tokens for 4, 7, or 10 months, unlocking exciting rewards. Moreover, strategic collaborations have amplified SNEK’s use cases. Through a partnership with Nebula, users can flip coins on the platform using SNEK, enhancing its gaming appeal. Meanwhile, a collaboration with NOWPayments allows users to transact with SNEK as a payment method. These partnerships strengthen SNEK’s position as a hub for meme creators while expanding its utility across the Web3 landscape. 2. ChainGPT (CGPT) Since the start of the year, ChainGPT has focused on expanding its offerings and boosting user engagement across the Web3 ecosystem. With key products like ChainGPT Labs, an incubator for Web3 projects, TapCGPT, a tap-to-earn game, and DegenPad, a launchpad designed for low FDV projects, the platform has steadily gained popularity on the BNB Chain. In October, ChainGPT achieved a major milestone by securing the #1 spot on DappBay’s “Top User Growth” ranking. DappBay, a leading platform by BNB Chain, tracks and ranks decentralized applications based on performance and user engagement. This recognition highlights ChainGPT’s growing influence in the ecosystem and its ability to captivate users with its innovative features. Moreover, ChainGPT recently celebrated another achievement. Just yesterday, Binance Futures announced the launch of its CGPT/USDT Perpetual Contract, further expanding the platform’s trading options. This new offering highlights the rising importance of AI-focused cryptocurrencies and provides advanced trading opportunities with leverage of up to 75x, settled in USDT. In terms of market performance, ChainGPT has been on an upward trend. The token’s price surged by 36.94% in the last 24 hours, reaching $0.229 as of 10:05 a.m. EST. Trading volume also spiked by 239.34%, totaling $74.44 million. After hitting a monthly high of $0.2487, ChainGPT’s price fluctuated slightly but remained in an uptrend. The token trades above its 50-day and 200-day Simple Moving Averages (SMAs), confirming a bullish outlook. 3. Crypto All-Stars (STARS) The highly anticipated Crypto All-Stars ($STARS) presale has concluded successfully, raising an impressive $26.36 million for its innovative MemeVault, a unified platform for staking meme coins. Trading for $STARS is set to begin on Monday, December 23, at 2 PM UTC, with tokens purchased during the presale becoming claimable simultaneously. For those using the Best Wallet app, claiming their $STARS tokens will be accessible directly through the platform. While the broader cryptocurrency market, including meme coins, has faced losses, many view this downturn as a golden opportunity. Savvy investors often use such moments to buy the dip, and the upcoming launch of Crypto All-Stars on decentralized exchanges is expected to attract those looking to capitalize on its potential. During the presale, $STARS started at $0.001380 and closed at $0.0016782, giving early buyers a notable paper gain of 21.6%. The project also garnered attention through its feature in the Upcoming Tokens section of the popular Best Wallet app, which boasts a community of over 100,000 active traders. Despite the current market challenges, Crypto All-Stars is well-positioned to shine. Its strong audience engagement mirrors the success of previous launches, such as Pepe Unchained, which delivered an impressive 6x return for presale investors. With a successful presale, strategic market positioning, and a unique staking platform, Crypto All-Stars has great potential. Investors and enthusiasts alike are eagerly awaiting its next steps. Visit the Crypto All-Stars Website 4. Moca (MOCA) Mocaverse is a bold and innovative project aiming to revolutionize industries like music, sports, gaming, and education by integrating them with blockchain technology. This decentralized ecosystem works to merge the digital and physical worlds, making blockchain a seamless part of daily life. At the heart of Mocaverse is the MOCA token, which powers transactions, governance, and community participation. Built on the LayerZero v2 protocol, the token ensures stability and interoperability, offering a solid foundation for the platform’s growth. With its fixed supply, Mocaverse emphasizes sustainable value creation. On the market front, the MOCA token is showing strong momentum. It is on a bullish rally, trading above $0.24 with consistent volume. Analysts suggest the next target could be the resistance range of $0.32 to $0.35. However, a short-term pullback is possible with the RSI in the overbought zone. If this happens, the $0.22 to $0.26 range may serve as a support zone, attracting buyers. The $0.15 to $0.16 breakout region could be retested if prices fall further. Mocaverse stands out because of its strong fundamentals and active, dedicated community. These factors position it well for long-term success. Market speculations hint that potential collaborations with other networks could push the token to surpass $1.52 as early as January. With its ambitious goals, robust infrastructure, and growing market presence, Mocaverse is a project to watch as it continues to bridge blockchain technology with everyday experiences. 5. dForce (DF) dForce, a permissionless liquidity network for Web3, is gaining attention for its robust suite of protocols. These include decentralized stablecoins, general money markets, yield tokens, and RWA tokens. Moreover, dForce is dedicated to enhancing liquidity across emerging ecosystems like Bitcoin Layer 2, DePIN, and decentralized AI, making it a comprehensive solution for the Web3 space. Recently, dForce made headlines with an extraordinary market performance. The price of its token, DF, surged by 167.91%, reaching $0.1068. In addition, its market cap grew by over 160%, hitting $106.75 million, while its 24-hour trading volume skyrocketed by 2894.66%, reaching an impressive $180.19 million. Currently, DF is trading 194.53% above the 200-day SMA of $0.855979 and has recorded 19 green days in the last 30 days, reflecting a strong uptrend. The market sentiment for DF is bullish, with the Fear & Greed Index at 73 (Greed), highlighting increased optimism and activity. These metrics indicate a growing belief in DF’s potential to sustain its upward trajectory. Looking ahead, dForce shows immense potential for further growth. If the platform announces significant partnerships or collaborations, DF could surpass $1.52 by 2024. If the bullish market trend persists, the token might achieve an average price of $1.19 before the year ends. However, in the event of a market downturn, DF could dip to as low as $0.0099 in 2024. Read More Next Cryptocurrency to Explode, 2024
MOCA's market value has broken through 500 million US dollars, setting a new high, with a 24-hour increase of 90.5%
The market shows that the market value of Moca Coin (MOCA) has exceeded 500 million US dollars, currently reported as 500,104,011 US dollars, continuing to reach new highs. MOCA is now at 0.3222 US dollars, with a 24-hour increase reaching 90.5%.
Animoca Brands’ third quarter revenue was US$69 million, up 43.8% from the previous quarter
Animoca Brands released its Q2-Q3 2024 financial report. Its Q3 total revenue reached $69 million, an increase of 43.8% QoQ and 165% YoY. Revenue mainly comes from three major business segments: Digital Asset Advisory (DAA) contributed $25 million, Web3 operations revenue contributed $39 million, and investment management revenue contributed $5 million. As of the end of September 2024, it holds cash and stable coins worth $248 million, and liquid digital assets worth $330 million, mainly including ETH, BTC, and APE. In addition, the company also holds off-balance sheet token reserves worth $1.6 billion, including SAND, EDU, MOCA, REVV, TOWER, GMEE, etc.
Moca Network logs into SK Planet's OK Cashbag app
On December 19, Moca Network announced on the X platform that it has officially landed on SK Planet's OK Cashbag app. At the same time, it stated that this move integrates MOCA tokens into SK Planet's ecosystem and allows everyone to have an account to hold and use their assets, identity, and reputation data in the entire Moca Network ecosystem.
104 whale wallets control 57% of all Ether in a bullish signal
Ethereum's (CRYPTO:ETH) whale wallets now control 57% of the total Ether supply, according to on-chain analytics firm Santiment. The platform reported on December 16 that 104 whale wallets, each holding over 100,000 Ether, now hold an estimated $333 billion worth of the cryptocurrency. This marks the highest level of Ether concentration in whale wallets to date. Meanwhile, wallets holding between 10,000 and 100,000 Ether have decreased to a historic low of 33.46%, while wallets with less than 100 Ether represent just 9.19% of the total supply. Santiment stated that this increasing dominance of whale wallets could be a long-term bullish sign for Ether. "It is still generally a bullish long-term signal when a coin’s most prominent key stakeholders continue accumulating. Especially when it’s a 9-year-old asset with whales holding their highest-ever portion of coins," Santiment explained. Along with this, Santiment highlighted a rise in Ethereum wallet activity, noting that the daily average of new Ethereum addresses surpassed 130,200 in December. This marks an 8-month high for the network. Ethereum's price also saw a positive trend, reaching the $4,000 mark on December 7 for the first time since March. The current price of Ether is $4,007, though it is still 17% below its all-time high of $4,891, which was reached in November 2021. Analysts predict that Ethereum could potentially surpass its all-time high in early 2025, fueled in part by recent market changes. Santiment also noted a shift in social sentiment, with Bitcoin (CRYPTO:BTC), Vanachains (VANA), and Moca Networks (MOCA) becoming popular discussion topics among crypto enthusiasts. At the time of reporting, the price of Ethereum (ETH) was $4,025.56.
New spot margin trading pair — MOCA/USDT!
We are thrilled to announce that Bitget has launched isolated spot margin trading for MOCA/USDT. New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coupons can be used to leverage at low or zero interest, while the trading bonuses can be used directly in margin trading. You can claim coupons and trading bonuses via the Coupons Center. References: Make margin trading at low cost with spot margin trading coupons Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Top 5 Gainers of the Last Week (December 9-16): AVA, FARTCOIN, WHITE, MOCA, HYPE
In a bullish crypto market that took Bitcoin to a new ATH above $106,000, more digital assets recorded significant gains during the last week. Here are the top five coins with the highest surges between December 9 and 16. Top 5 Gainers of the Last 7 Days Top 5 gainers of last week 1. Travala (AVA) AVA recorded the highest price surge during the last seven days. AVA surged by 199%, kicking off a strong price rise on December 12 from $0.76 to $3.39. Now, AVA has a market cap of over $127 million. AVA 7-day price in USD AVA’s price rally was triggered by CZ’s mention of the project via a post on X in which Binance’s founder said that they invested in this crypto travel platform before the covid pandemic, before the crypto winter, and continued to hold. On December 11, the platform announced hitting $100 million in annual revenue and announced the AVA and BTC treasury reserve strategy. CZ via X 2. Fartcoin (FARTCOIN) FARTCOIN recorded a surge of almost 170% during the past seven days. The coin debuted a price surge on December 10 from $0.32, topping $0.88 earlier today. The memecoin has a market cap of over $790 million, at the moment of writing this article. FARTCOIN 7-day price in USD Earlier today, the team posted an announcement via X revealing that on December 15, FARTCOIN flipped GOAT’s market cap becoming the 2nd largest AI memecoin. FARTCOIN is a memecoin on Solana. 3. WhiteRock (WHITE) WHTE recorded a price surge of over 165% in the past 7 days. The coin debuted a notable price surge on December 13 from a market cap of $138 million, reaching over $295 million on December 15. WHITE 7-day price in USD On December 10, the team behind the project shared a preview of WhiteRock’s order book DEX and on December 14, they shared the upcoming roadmap via X. WhiteRock is a real-world asset protocol designed to tokenize economic rights to traditional financial assets like stocks, bonds, property, options, and derivatives. 4. Moca Network (MOCA) MOCA recorded a price surge of over 160% in the past 7 days, with a notable price spike today from $0.09 to $0.41 and a market cap of $572 million. Now, the coin has a market cap of $338 million, following its earlier surge. MOCA 7-day price in USD Earlier today, Upbit crypto exchange announced the listing of MOCA supporting the BTC, KRW, and USDT markets. The announcement triggered the coin’s significant price surge. Moca Network is a project under the Animoca Brands Group that aims to build the largest metaverse consumer network, allowing users to create their own digital IDs, accumulate reputation, and earn/spend user points. Mocaverse is a decentralized ecosystem that uses blockchain to foster a cultural and economic landscape. MOCA is the native utility and governance token. 5. Hyperliquid (HYPE) HYPE recorded a price surge of over 113% in the past 7 days. The coin debuted an ascendant trajectory on December 10 from $12 levels and reached over $26 today, a new ATH. At the moment of writing this article, HYPE has a market cap of $7.25 billion. HYPE 7-day price in USD On December 10, the team announced via X that users can long or short Magic Eden (ME) with up to 5x leverage. Hyperliquid is a platform that introduces a novel L1 blockchain engineered to optimize performance and scalability. Among its components, there is a DEX with more than 100 perps and spots.
Mocaverse: Moca 3.0 will build a project's digital identity infrastructure with embedded user accounts
Mocaverse posted on the X platform that Moca 3.0 has arrived, progressing from 1.0 → 2.0 → to the current 3.0: Moca 1.0 (B2C): Building a core community using Moca NFT and XP; Moca 2.0 (B2C): Developing distribution and community through Moca ID and RP to incentivize partners and holders to grow together; Moca 3.0 (B2B2C): Building digital identity infrastructure for projects, creating universal embedded accounts for users for holding assets, identities, and reputation data while joining various consumer applications so all users can easily port each other. Moca 3.0 will solve the problem of digital fragmentation, shifting from project-centric to user-centric in building an open network rather than being user-centric: Users own their data and monetize it; Data unified under one identity; Maximizing rewards for users based on aggregated identity; An open network shared with everyone with the consent of the user; Connecting ecosystems through shared accounts and identities.
How much key market intelligence did you miss on December 16?
Featured News 1.QCP: Bitcoin/gold ratio hits a record high, further strengthening its position as "digital gold" 2.Vana ecosystem NFT V plummeted to 0.45 ETH, down more than 60% in 24 hours 3.Binance Futures will launch MOCAUSDT perpetual contract 4.Solv Protocol: Native token SOLV will be on Hyperliquid 5. Trump's crypto advisor's NFT Mixie AI floor price rose by more than 500% in a short period of time, and now fell back to 2.258 SOL. Trending topics Source: Overheard on CT (tg: @overheardonct), Kaito FARTCOIN: +97 basis points. FARTCOIN has become an important topic of discussion today, mainly due to its recent surge in market value, surpassing GOAT to become the second largest AI meme coin. Despite the decline in market value, FARTCOIN's cultural relevance and meme strength have kept it in the spotlight, with many predicting that it could become a top 25 cryptocurrency. The coin’s popularity stems from its absurdity and high return potential, often being compared to other successful meme coins such as Dogecoin. The narrative surrounding FARTCOIN suggests that it could become a major player in the current crypto cycle, with discussions highlighting its potential to reach new heights. MOCA: Up +41bps. MOCA is in the spotlight today due to its upcoming listing on Upbit, South Korea’s leading digital asset exchange. The listing is expected to extend MOCA’s reach to over 28 million KYC-completed users in South Korea, a key market for the Moca Network. The news led to a significant increase in MOCA’s price, reportedly 3-4x. The listing is part of Moca’s broader strategy to build a cross-chain digital identity infrastructure. Additionally, MOCA’s involvement in the NFT space and partnerships with major players such as Animoca Brands have further fueled interest. AVAX: Up +36bps. The main discussion around AVAX today has focused on the upcoming Avalanche9000 upgrade, which is being hailed as the largest network upgrade in Avalanche's history. The upgrade is expected to reduce chain deployment costs by 99.9% and transaction fees by 25 times, sparking excitement and anticipation within the community. In addition, Avalanche has raised $250 million to expand its blockchain ecosystem, further strengthening confidence in its future growth. The upgrade is expected to significantly enhance scalability and development tooling, with more than 500 first-level chains currently being developed on Avalanche. Threads&Tweets 1. Hyperliquid’s bull case@fmoulin7 2. What comes after Agent@Defi0xJeff Featured Articles 1.《EVM is not online yet, how to evaluate the future of Hyperliquid? 》 fmoulin7, Crypto Kol Hyperliquid attracts users through low fees and strong incentives, with an estimated first-year incentive of nearly $1 billion and an inflation rate of 11.65%. After the launch of EVM, it may become an important platform for new DeFi protocols to drive the growth of HYPE demand. The platform makes profits through transaction fees and token auctions, and fee allocation is automatically executed to support staking rewards, platform operations and token destruction. Increased capital inflows, especially through Kucoin, will drive HYPE prices if more market funds can be attracted. However, centralization and EVM transition risks may affect user experience, and investors need to be cautious and do research. 2.《From the timestamp of on-chain data, when will this bull market cycle peak? 》 Murphy, on-chain data analyst There are two core concepts in the on-chain data analysis of BTC, namely "timestamp" and "price stamp". The transparency of the blockchain allows us to observe each on-chain transaction and identify two key details: 1. The time when the chip movement occurs: timestamp; 2. The price when the transaction occurs: price stamp; When we analyze the transition of phased trends, the data used, such as turnover cost, profit realization, demand inflow, and hot supply, are mainly based on "price stamp". If we want to observe and analyze the timeliness of the BTC cycle, we need to use "timestamp" more. Each BTC exists in a UTXO, and the timestamp function of UTXO means that each BTC has an age, which does not refer to the time when it was mined, but the time from the last move to the present. Biggest Gainers & Losers Token volatility on December 16, sorted by trading volume Top Gainers 1.$MOCA 2.$MEMESAI 3.$COW Top Loser 1.$CTXC 2.$COS 3.$BLUE On-chain data On-chain fund flow on December 16
3 Cryptocurrencies That Reached All-Time Highs Today — December 16
The cryptocurrency market has experienced a surge today, with the total market capitalization (TOTAL) reaching a new high. Bitcoin (BTC), the leading cryptocurrency, also climbed to a new all-time high, further fueling the market’s bullish momentum. This surge has propelled several altcoins to new heights, with three cryptocurrencies —Moca Coin (MOCA), DeepBook Protocol (DEEP), and Fartcoin (FARTCOIN) — leading the charge. Moca Coin (MOCA) MOCA, the native token of Animoca Brands’ Mocaverse, hit a new all-time high of $0.42 today before experiencing a pullback. Despite this, the token maintains a bullish bias. The Moving Average Convergence Divergence (MACD) indicator supports this sentiment. Currently, MOCA’s MACD line (blue) is above its signal line (orange), signaling bullish momentum. The MACD measures the relationship between two moving averages of an asset’s price, using its MACD line, signal line, and a histogram to identify trends and momentum. When the MACD line is above the signal line, it suggests upward momentum, indicating the asset’s price may continue to rise. MOCA Price Analysis. Source: TradingView If this momentum holds, MOCA’s price could attempt to break resistance at $0.21 and $0.26. Clearing these levels would pave the way for the token to reclaim its all-time high. On the other hand, its price could dip to $0.17 if profit-taking intensifies. DeepBook Protocol (DEEP) DeepBook Protocol is a decentralized trading platform that lets its users execute trades directly on-chain. Its native token, DEEP, is another altcoin that climbed to a new all-time high today. The token touched $0.11 during Monday’s early Asian session before shedding some of these gains. As of this writing, the altcoin trades at $0.10 and is still up 16% over the past 24 hours. DEEP’s Aroon indicator confirms the strength of its current uptrend. At press time, its Aroon Up Line is 100%, while its Down Line is 0%. The Aroon Indicator determines the strength and direction of an asset’s price trend by measuring the time since the asset’s highest high (Aroon Up) and lowest low (Aroon Down) within a set period. As with DEEP, When the Aroon Up line is at 100%, a new high was recently achieved, signaling strong upward momentum and the potential continuation of a bullish trend. DEEP Price Analysis. Source: TradingView If the demand for DEEP continues to grow, it will revisit its all-time high and attempt a rally beyond it. However, a spike in selloffs will invalidate this bullish projection. A surge in selling pressure could cause DEEP’s price to drop to $0.08. Fartcoin (FARTCOIN) Meme coin FARTCOIN is another altcoin that traded at an all-time high today. The token briefly traded hands at a peak price of $0.89 before witnessing a pullback. It is now trading at $0.75, reflecting a 16% decline from its peak. At its current price, the meme coin sits above support formed at $0.68. If this support level holds, it will propel FARTCOIN’s price toward its all-time high and potentially past it. FARTCOIN Price Analysis. Source: TradingView However, if the bulls fail to defend this price level, the token’s price may plummet to $0.55.
As Bitcoin Starts the Week with a Record, News from South Korea Sends This Altcoin Rocketing!
South Korea’s largest cryptocurrency exchanges Upbit and Bithumb announced today that they have listed the altcoin Moca Network (MOCA). While Upbit lists MOCA in KRW, BTC, and USDT pairs, Bithumb announced that it only lists it in KRW trading pair. Following these listings, the price of MOCA increased by up to 370%. Bithumb also announced that it has listed a memecoin called MOODENG on the KRW pair, in addition to MOCA. Yat Siu, co-founder of Animoca Brands, commented on the support of South Korean exchanges to Mocaverse and MOCA, saying, “Thank you Upbit and Bithumb. You brought mass adoption to web3 by welcoming South Korea to Moca Network.” While the price of MOCA rose rapidly after the listing announcements, this rise did not continue at the same pace. MOCA price then pulled back and continues to trade at $0.255 with a 160% increase. *This is not investment advice.
Affected by the listing of Korean CEX, MOCA rose by nearly 300% in a short period of time
On December 16, according to market data, affected by the listing on Upbit, MOCA rose by nearly 300% in a short period of time and is currently quoted at US$0.334.
Mocaverse floor price breaks through 2.9 ETH, 24-hour increase is 79%
According to OpenSea data, the floor price of the NFT series Mocaverse has exceeded 2.9 ETH and is currently reported at 2.96 ETH (approximately $11860), with a 24-hour increase of 79%, as reported by Jinse Finance.
Animoca Brands invests in Igloo Inc to boost consumer NFT activity
Animoca Brands made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The fund aims to expand NFT as consumer crypto, in addition to its Mocaverse platform. Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, will receive a strategic funding round from Animoca Brands. The fund, which is still one of the most active investors in Web3 and NFT, is in search of project complementing its Mocaverse brand. The Mocaverse includes NFT, digital identity, and metaverse features, aiming to revive consumer crypto with a gamified element. Animoca Brands has continued its support for Web3 features, despite the prolonged bear market and loss of popularity. The chief subsidiary the Sandbox continues to be one of the most successful games with a Web3 elements, while Pudgy Penguins has differentiated itself from less active NFT collections. Pudgy Penguins is trying to stay relevant The investment arrives at a time when Pudgy Penguins is trying to retain its relevance and community. Interest in NFT increased slightly in the past few weeks, while Pudgy Penguins remains the third-most active collection. Penguins still sell at 11.90 ETH floor price or higher, only surpassed by BAYC and Crypto Punks. Animoca Brand’s investment will focus on Pudgy Penguins as one of the best examples of consumer crypto. The collection’s prominence also hinges on Luca Schnetzler, known as @LucaNetz, acting as a brand ambassador and influencer. Even after NFT slowed down, Schnetzler supports the Penguins project for its community-building capabilities. See also Trump and Wall Street: How long will the love affair last? “This investment from Animoca Brands is a testament to our vision and commitment to building a thriving ecosystem. It will continue to help us create the largest onchain community and power the next wave of consumer crypto,” said Schnetzler. The Pudgy Penguins brand also spans beyond the digital world, offering physical toys and other merchandise. The Pudgy Penguins brand reached an agreement with its holders to retain the rights for merchandise based on their collectible digital items. The platform is one of the first to tap the intellectual property of Web3, expanding into content, plushies, and mystery boxes. Each physical toy is a collectible in itself, but buyers can also customize their digital image and receive a blockchain record to serve as certificate of uniqueness. Pudgy Penguin collections are spreading in mainstream toy stores, serving as a tool for Web3 onboarding. The original Penguins collection only contains 8,888 items, with an additional 22,222 Lil Pudgys. The rarity is key to building the community, with its Discord communication and side platforms. The NFT collection fulfills the strategy of Igloo, Inc. to drive wider consumer crypto adoption. Penguins retained ownership in a similar way to meme token communities, though with the added complexity of digital items. Blue chip NFT have much lower activity, but they are not entirely forgotten and may be tapped for their value. While BAYC runs on exclusivity and rare physical items, while Punks and Miladys are fully digital, Pudgy Penguins is the only brand to spread into mainstream awareness and product design. See also Senator Ted Cruz: I aim for Texas to be a hub for Bitcoin and cryptocurrency Animoca Brands to support Abstract chain by Igloo Animoca Brands will focus on the support of Abstract, a new chain for consumer crypto by Igloo. The investment will be made alongside subsidiary The Sandbox, as well as Animoca Brands Japan. The investment will take the form of a Simple Agreement for Future Equity (SAFE), a similar approach to previous Animoca Brands strategic rounds. Igloo has so far raised two funding rounds for an undisclosed value. The previous financing round for Igloo was on October 30, with Newman Capital as the single leader and participant. The Abstract chain will be another L2 EVM-compatible chain, which would allow a wider user audience to join Web3 with minimal obstacles and expenses. For NFT, a scalable, cheap layer is especially important, as transfers can have prohibitive costs on Ethereum. The Abstract L2 is still upcoming, with no main net or tokens launched. The chain will be a ZK-rollup , with no details on native tokens, speed, or fees. Igloo will aim to create a chain for its specific Web3 purposes, especially carrying the Pudgy Penguins brand. From Zero to Web3 Pro: Your 90-Day Career Launch Plan
Animoca Brands raises additional $10 million for Mocaverse, with participation from Hong Shan and others
On November 12, according to the official blog, Animoca Brands announced that it had raised an additional $10 million for its Web3 project Mocaverse, after the company announced a total investment of $31.88 million last year. The investment comes with a free additional warrant for the MOCA Coin utility token, with an implied fully diluted value (FDV) of $1 billion, and its structure is similar to the two parts announced previously. Participants in this round of financing include OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital, etc., with the aim of accelerating and expanding the scale of Mocaverse's operations against the backdrop of the project's substantial growth since its first financing. The company will use the new funds to advance its goal of accelerating the mass adoption and interoperability of Web3 by continuing to expand and build Mocaverse, an interoperable infrastructure layer for account, identity and reputation systems for consumer cryptocurrency adoption. This includes the Realm SDK, an interoperable software development kit (SDK) that allows partners to create their own reputation-based ecosystems and provide corresponding application experiences that are interoperable with all ecosystems built on top of the Moca Network.
Animoca Brands raises an additional $10 million to build out Mocaverse
The Hong Kong-based digital entertainment and venture firm Animoca Brands raised $10 million in funding to build out Mocaverse, the firm's consumer network. Participants in the round include OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund and Kingsway Capital, according to a Tuesday release . The most recent financing comprises the third funding round Animoca received to build out Mocaverse. It raised $20 million in September 2023 and an additional $11.88 million two months later. Mocaverse aims to stitch together gaming, sports, music and other cultural economics into one platform. It allows users to create their digital identities via the decentralized identity protocol Moca ID, develop their online presence and earn rewards via Realm Points , a point system specific to completing tasks in the Mocaverse ecosystem. “Our mission is to get crypto in the hands of hundreds of millions of users, which requires onboarding the fan bases that appeal to individuals on a deeply personal level," Mocaverse Project Lead Kenneth Shek said in a statement. "We are building Realm Network to decentralize such onboarding efforts for each pioneer in the consumer crypto space across multiple verticals, with the ultimate goal of driving network effect among all of them.”
OpenSea 2.0 Speculations: Points? Airdrops? NFT Launchpad?
Author: Karen, Foresight News On November 4, Beijing time, OpenSea released a teaser animation showing a ship setting sail, indicating that the platform will launch a new version in December. At the same time, OpenSea has started registration for a waitlist, which, as of the time of writing, has already attracted 174,000 people. This news quickly sparked community expectations and speculations regarding token issuance, airdrop activities, reward mechanisms, and L2. According to OpenSea founder and CEO Devin Finzer, "The new version of OpenSea is completely rebuilt because true innovation sometimes requires us to step back and rethink and redesign the entire framework." OpenSea Pro co-founder vasa also revealed that the development of the new version of OpenSea began a year ago. Regarding the specific features or characteristics of the new version, based on OpenSea's responses and the author's analysis, it is speculated that it may include the following highlights: According to a post by Azuki researcher and Mocaverse advisor wale.moca, the new version of OpenSea will feature a leaderboard that also provides XP points. OpenSea's official account retweeted this. From this, it can be inferred that the new version is likely to launch a points program. Considering that OpenSea is an American company, the rewards may not necessarily be OpenSea tokens, but could also include profit sharing from the platform. It is worth noting that in August of this year, OpenSea received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which threatened to sue OpenSea because they believe the NFTs on the OpenSea platform are securities. In response, OpenSea stated, "In addition to standing firm on its position, it also pledged $5 million to help cover the legal fees of NFT creators and developers who received Wells notices." It is noteworthy that OpenSea Pro (the NFT marketplace aggregator Gem acquired by OpenSea) had previously announced on its homepage that it would launch a reward program, claiming "we are currently scoring and tracking user activity, and the game is about to begin." However, this content has since been removed from the official website. Additionally, to commemorate the launch of OpenSea Pro, in April of last year, OpenSea Pro released the Gemesis NFT series. As of now, the floor price of this NFT series is 0.0139 ETH, having increased by 242% in the past 24 hours, with a cumulative trading volume of 8,180 ETH displayed on OpenSea. In this series, the rarity of the NFTs is closely related to the time they were first traded using Gem; the earlier the trade, the higher the rarity. Therefore, if OpenSea conducts an airdrop in the future, in addition to OpenSea's trading users, holders of Gemesis NFTs are also very likely to be considered. Release some new features beneficial to artists. Deeper integration with GameFi. This can be seen from OpenSea's recent actions; in late October, OpenSea integrated with the Base gaming ecosystem B3 Chain, aiming to improve users' Web3 gaming experience and support faster and cheaper minting of NFT series and in-game items. Achieve account abstraction, allowing users and developers to access Web3 more easily. According to @DefiIgnas's wishlist, it is hoped that OpenSea 2.0 will support Bitcoin ordinals, rune rewards, simplify onboarding, portfolio pages, and token airdrops, as well as fragmented NFTs, an NFT Launchpad, social features (similar to Instagram for NFTs), and a native mobile application. In response, OpenSea CTO Nadav Hollander stated that it is a good list and asked @DefiIgnas about their top priorities. Of course, some speculate that OpenSea will create a pump.fun version of the NFT marketplace, although this may need to be achieved through the fragmentation of NFTs. In the current climate of meme popularity, the revival of the NFT craze seems to be full of challenges. Especially considering that OpenSea's competitor Blur has performed poorly after issuing tokens, and Magic Eden is about to issue tokens, whether OpenSea 2.0 can reignite the NFT craze remains to be seen. It is worth mentioning that OpenSea team member @ken_cadima will hold a technical lecture during Devcon (on November 13) to reveal the specific details of OpenSea 2.0. Foresight News will continue to follow up.
Animoca Brands announces investment in DePIN project GEODNET
On October 31st, Animoca Brands announced an investment in the decentralized real-time dynamic (RTK) network GEODNET to advance the development of mixed reality games and immersive experiences. GEODNET will collaborate with Animoca Brands' consumer network project Mocaverse to explore the integration of precise positioning technology in the Moca Network.
Animoca Brands to launch GEN3 Playground in Hong Kong in November
According to official sources, Animoca Brands plans to launch GEN3 Playground at K11 Musea in Kowloon, Hong Kong in November. Participants will have the opportunity to explore several of Animoca Brands' projects, including Anichess, Cosmic Bomber, Mocaverse, Motorverse, The Sandbox, and TOWER Ecosystem.
Mocaverse Research Report: Infrastructure Layer for Encrypted Consumer Applications
Mocaverse is positioned as a Web3 access portal, empowered by digital identity and user reputation. With an ecosystem of games and consumer applications, and over 700 million addressable users, the project plans to change digital ownership and community participation in the Web3 space. Mocaverse was created by Animoca Brands, which is involved in blockchain games, NFTs, metaverses, and social blockchain applications. The company unifies its ecosystem of over 540 Web3 projects through a common access point. Mocaverse projects are building blockchain-powered Web2 experiences that enable users to create digital identities, accumulate reputation, earn and spend loyalty points, and unlock rewards in Mocaverse and its partner ecosystems through interoperable identities and reputations. The Mocaverse ecosystem is relatively new but growing rapidly. In a few months, nearly 2 million MOCA IDs have been minted and the platform has over 700,000 monthly active users. The team is committed to improving and innovating the crypto user experience, and thanks to a mature technology stack tailored for consumer-facing applications, many high-quality new projects will continue to join the ecosystem. Animoca has over 700 million users across its top 30 portfolio companies and subsidiaries, putting it close to platforms like Telegram (900 million messaging users) and Binance (1.7 billion transacting users). Leadership Team Yat Siu, founder of Mocaverse and Animoca Brands Yat is the co-founder and executive chairman of Animoca Brands, a digital entertainment and blockchain technology company. Animoca has advanced digital property rights through games like The Sandbox and has been a driving force for innovation in Web3 gaming. Yat started his career at Atari Germany before moving to Hong Kong in 1996, where he founded Cybercity, Asia’s first free web and email provider. He later founded Outblaze, a technology group specializing in cloud gaming and smartphone software, which he partially sold to IBM in 2009. Under his leadership, Animoca Brands grew to a multi-billion dollar market capitalization. Alan Lau, Mocaverse founding team member and Animoca Brands chief commercial officer Alan is an experienced executive who leads all Animoca Brands strategic investments and empowers over 540 portfolio companies. Alan plays a strategic role in identifying strategic opportunities and driving alignment of over 540 portfolio companies with Mocaverse to maximize the network effects and growth of the Mocaverse ecosystem. Alan is the former CEO of Tencent’s insurance division and has over 15 years of Internet/TMT experience. Kenneth Shek, Mocaverse founding team member and project leader Kenneth Shek is a venture builder and startup founder in the fields of artificial intelligence, e-commerce, and renewable energy, with corporate experience in management consulting and consumer businesses. He founded a consumer forecasting startup that processed terabytes of data per day, and built businesses in renewable energy and high-growth e-commerce. At Accenture, Kenneth spearheaded innovation on Web3 projects with Fortune 500 companies such as hotel chains and consumer brands, and led the regional data and AI practice for consumer enterprises. Kenneth leads the Mocaverse team within Animoca Brands. Caleb Ho, Head of Engineering at Mocaverse Seasoned technology leader with extensive experience in fintech and e-commerce. He has held several key positions, including Engineering Director of a virtual banking startup acquired by Rapyd, Engineering Manager of Znap (a mobile payment startup that successfully exited with $75 million), Engineering Director of Grana (e-commerce that received $10 million in funding from Alibaba), Core Engineer at Microsoft, and Co-Founder and CTO of a furniture fintech startup. Skilled in building teams from scratch and driving zero-to-one product development while scaling operations and fostering innovation. Prakhar Agarwal, Product Head, Mocaverse Prakhar was Kyber Network’s first product hire and Head of Product, where he drove over 10x user growth at one of the top DeFi protocols. With over a decade of experience in blockchain, gaming (Ubisoft), and fintech, Prakhar has a proven track record of building innovative and high-impact products. Kyle Chiu, Head of Marketing, Mocaverse Kyle is an experienced marketing professional specializing in brand marketing, performance marketing and growth, and community management. Prior to joining Mocaverse, Kyle served as CMO at an NFT marketplace and was the head of brand and growth for a crypto exchange. Prior to joining Web3, Kyle worked in advertising agencies for many years and led the Asia Pacific digital marketing team at Deutsche Bank Asset Management. Olivia Song, Head of Business Development, Asia Olivia joins Mocaverse to drive business growth in Asia, starting with Korea and Japan. She is employee number 6 at Avalanche and has played a key role in expanding Avalanche’s presence in Korea over the past 4+ years. Simon Doherty, Head of Capital Markets, Animoca Brands and Mocaverse Simon Doherty joined Animoca Brands in 2022 to focus on corporate finance and strategic initiatives. Prior to joining Animoca, Simon worked as a Senior Associate in Corporate Finance at Taylor Collison, BBY and PricewaterhouseCoopers. Simons expertise spans corporate finance, investment banking, capital markets, financial analysis and mergers and acquisitions, making him a key figure in driving the growth and strategic direction of Animoca Brands. Project Background Founded in 2014, Animoca Brands has a portfolio of video games, digital media brands, intellectual property (IP), and blockchain infrastructure technology, focusing on enabling users to truly own their digital assets. Animoca develops mobile games and subscription products, and introduces internationally renowned IPs such as Marvel, NBA, Hello Kitty, etc. Through its portfolio of assets, Animoca has created a collectibles platform and virtual world where users can purchase unique NFTs and use them for games, collections, or secondary transactions. In addition, Animoca has acquired and invested in multiple digital asset brands, including Axie Infinity, The Sandbox, Decentraland, and Dapper Labs (creator of CryptoKitties and NBA Top Shot). It also holds shares in OpenSea and Flow, a Layer 1 blockchain focused on scalable and efficient NFTs. Animoca has built a large collection of web3 companies focused on culture and entertainment, covering a portfolio of more than 540 companies with more than 700 million web2 and web3 users. Animoca now plans to bring these assets and their large user base together through its new project Mocaverse and MOCA tokens. Mocaverse will become an exploration center for digital culture and entertainment, helping users experience rich interactions and identity management in the web3 world. The Mocaverse project is building web3 native tools that enable users to create digital identities, accumulate reputation, earn and use loyalty points, and access the Mocaverse ecosystem. MOCAVERSE Ecosystem Although the Mocaverse project will only be launched in 2023, nearly 2 million MOCA IDs have been minted so far, and the ecosystem has more than 700,000 monthly active users. In Animoca Brands project portfolio, there is about a new TGE every week, and the potential applications within the Mocaverse ecosystem are constantly expanding. Technology Stack Mocaverse defines itself as a network, not another Layer 1 or Layer 2 solution, but a collection of technologies that bring different applications together. Importantly, Mocaverse does not try to lock users into a specific chain, but seeks to integrate with each chain and expand the crypto user base. The entry point to Mocaverse is the Realm wallet, which was built by the Animoca team and is part of the Realm SDK. From a technical perspective, the Realm wallet is designed to natively support account abstraction (AA). AA is a relatively new concept that aims to improve the crypto user experience. Traditional crypto wallets are controlled by private keys and used to initiate transactions, while AA wallets allow smart contracts to manage accounts, making the wallet experience more flexible and user-friendly. For example, traditional wallets require users to manage mnemonics and manually sign each transaction, while with AA wallets such as the Realm wallet, wallet import can be achieved through social recovery, and recurring transactions can be automated and batched. Another advantage of AA (account abstraction) wallets is that they improve the user experience when paying gas fees. Traditionally, gas fees on networks such as Ethereum must be paid in ETH, which can be confusing for new users, especially as they may not understand the gas fee model and do not necessarily own ETH. With account abstraction, smart contracts can allow gas fees to be paid with other tokens, or even for applications to pay gas fees on behalf of users. This lowers the barrier to entry for new users. In the Mocaverse scenario, the MOCA tokens in the users Realm Wallet will be deposited into a paymaster contract, which will pay the gas fees for the user without the user having to understand how gas fees work. In addition to being a wallet that supports account abstraction, Realm Wallet can also interoperate with other products in the Realm SDK, such as Realm ID, Realm Points, and Realm Reputation. This interoperability means that wallet credentials can be used across different applications and ecosystems. For example, users can seamlessly switch between gaming ecosystems and social platforms while maintaining their identity and reputation across these platforms. This consistency between applications, and the cross-application use of points and reputation, helps improve user engagement and retention. In terms of Mocaverses technology stack, the team developed the Realm SDK and branded it separately from Mocaverse, which was a deliberate and highly strategic choice. By creating a neutral technology stack, the Realm SDK becomes a toolkit that is easier for partners and potential partners to adopt without Realm tokens or user lock-in. The seamless integration of the technology stack with Mocaverse is an advantage for partners, but it is not mandatory. In the long run, this approach will become a highly attractive technology stack built for consumer applications, and can also obtain broader distribution channels through the Mocaverse platform. MOCA ID MOCA ID is a decentralized identity system and the entry point to all activities in Mocaverse. It aims to provide users with a unified digital identity that can be used in various web3 applications, similar to Apple ID, which allows Apple users to download applications and have user accounts in games and applications in the Apple App Store. MOCA ID allows users to authenticate, interact with DApps, and participate in the Mocaverse ecosystem through a single, interoperable identity authentication. Interoperability is a core concept of MOCA ID, which is what distinguishes it from systems like Apple ID. While Apple ID is limited to use within the Apple App Store ecosystem, MOCA ID is integrated with crypto wallets to manage user reputation across apps. The simplest way for apps to integrate with MOCA ID is to connect through the MOCA ID API, so that apps can access user data and contribute reputation points for user activities in the app. Users can use reputation points to unlock unique features and rewards, such as Mocaverses token Launchpad, NFT Launchpad, staking pools, and more. Apps can also reward users for their attention and interaction through a reputation points system. Potential outcomes of MOCA ID Short term: MOCA ID improves the user experience on web3 platforms by simplifying identity authentication and providing ecosystem-unique features. This can drive early adoption and increase user engagement within the Mocaverse ecosystem. For example, Mocaverse has launched a gamification feature called Mocana that allows users to earn rewards associated with their MOCA ID through Mocana Quests. Medium term: MOCA ID will be widely used outside of web3 and even integrated with web2 platforms with a large number of users, allowing users to interact seamlessly, build a strong on-chain reputation and identity, and be generally accepted throughout the network. For web2 applications, MOCA ID integration can replace centralized services, improve online compliance and KYC processes, and increase the security of online identity management. In addition, it can also bring financial opportunities by associating crypto wallets with login credentials. Long term: MOCA ID may develop into a key digital identity system for accessing various digital services such as finance, social platforms, and governance. It may be integrated into various aspects of daily life, such as medical services, voting, or managing digital assets such as stocks, crypto assets, and art collections, thus becoming an indispensable tool in personal and professional identity management. MOCA Tokens and their Distribution MOCA tokens are a core component of the Mocaverse ecosystem for use by consumers and applications. For consumers, the simplest use is as a medium of exchange for applications within the ecosystem. Instead of holding multiple tokens for different games and applications, users can hold MOCA tokens and use MOCA to purchase digital items and experiences. The conversion to the native token of each application or game will be completed in the background. MOCA can also be used to pay for gas fees for transactions, simplifying the experience for new users. In addition to being used as a currency and gas token, MOCA is also designed to be used for various activities in the Mocaverse, such as staking, governance, and rewarding user participation. Users can stake MOCA tokens to gain staking power, which in turn gives them access to unique experiences and rewards. MOCA stakers can also receive token rewards through projects within the ecosystem. On the application side, applications can use MOCA tokens to enhance their distribution and simplify the user experience. For example, MyAnimeList, the worlds largest anime and comics community website, is working with Mocaverse to create new experiences for fans, creators, studios, and IP holders. MyAnimeList pays gas fees for users and purchases MOCA tokens as a result. Additionally, partners like MyAnimeList will want to engage with a large number of Mocaverse users. In order to advertise in the Mocaverse ecosystem, apps need to stake MOCA tokens. Staking MOCA can improve the distribution and coverage of apps on the platform, similar to the SaaS model. The more MOCA staked, the wider the range of services Mocaverse provides. In the most recent game release, the Mocaverse distribution engine attracted more than 90,000 users to try the BlockLords game within a week. The distribution of MOCA tokens is designed to balance short-term needs with long-term growth and sustainability. The specific distribution is as follows: Network Incentives (31.5%): used to promote community interaction and incentivize users to participate in the ecosystem. Ecosystem and Treasury (20%): Reserved for scaling projects and supporting overall ecosystem development. Strategic Partners (13%): Allocated to strategic partners related to network growth. Team (12%): Support the Mocaverse team’s efforts to develop and maintain the network. Liquidity (10%): Provide liquidity for tokens and ensure market stability. Operating expenses (5%): used to cover the operational costs of running and managing the network. Early Contributors and Advisors (7%): Rewards contributors and advisors who have supported the project since its launch. Community Sale (1.5%): Promote community participation through public sale of tokens to community members. SWOT Analysis Advantages: Uniquely Large Ecosystem: Animoca Brands owns the world’s largest portfolio of web3 gaming and crypto cultural assets. Animoca’s extensive partnerships uniquely position it to build the distribution and identity layers that integrate these projects. Partnerships: Mocaverse does not compete with existing L1 and L2 blockchain protocols, but encourages chain agnosticism, interoperability, and inclusiveness, attracting more web3 gaming and crypto communities to collaborate. Experienced Leadership Team: Yat Siu and his team have successfully built a multi-billion dollar company, Animoca Brands. Disadvantages: Complexity of getting started: Although the Realm SDK aims to simplify the user experience, it is still challenging for non-crypto users to get started. Regulatory uncertainty: The complex global regulatory environment may affect the promotion of digital identities and wallets. Unproven business model: The scaled profit model of the web3 digital identity system is still unclear. Chance: Web3 game explosion: A large number of new web3 games will be released in the next 12 months, and Mocaverse may become the main distribution channel for these games. Financialization of online communities: Mocaverse may evolve into a new type of social platform that integrates digital identity and financial capabilities. Flywheel effect: More users and applications enter the platform, forming positive feedback and attracting more projects and users. threaten: Competition from web2 and web3: Apple and Google Play Store may launch crypto integration services. Technical challenges: Integration with multiple blockchains may pose a technical burden in the short term. Timing uncertainty: web3 gaming and the metaverse are still in their early days and may take longer to achieve mass adoption. Valuation The MOCA token was recently listed on major exchanges such as KuCoin, Gate and Bitget, with an initial trading price of $0.088, reaching a high of $0.143 (+63%), and currently falling back to around $0.09. in conclusion Mocaverse is expected to become the backbone of the new digital society by integrating financial services, social interactions and personal identity.
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