Mocaverse and The Open Network Forge New Alliance

ChainPlay

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one month ago

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Mocaverse, the metaverse created by Animoca Brands has announced an exciting partnership with The Open Network (TON). This strategic alliance aims to create an identity and reputation-based system across both Mocaverse and TON ecosystems. This partnership joins one of the largest entities in web3 gaming with one of the fastest-growing blockchain networks.

Details of the Partnership

The main goals of this partnership are to implement an identity and reputation-based consumer network across Mocaverse and TON's blockchain ecosystems. This collaboration is designed to enhance user engagement and foster growth across both platforms. Source: X
As part of the agreement, the MOCA Foundation and TON Foundation have arranged a strategic token swap. This involves swapping MOCA Coin (MOCA) priced at $0.113, totaling a massive $1 billion. This significant token swap highlights the scale and seriousness of the partnership.

Mocaverse plans to integrate Moca ID into the TON blockchain. This integration will enhance interoperability between the two networks. Both Moca ID and TON's Society ID will work together to improve user experiences across the ecosystems. 

Additionally, Mocaverse, Animoca Brands, and the TON Foundation are exploring how to integrate the Realm Network SDK into the TON blockchain. This integration will serve as the central source of reputation and make it easier to connect different apps on the TON chain.

The three foundations involved plan to launch several initiatives. These include co-branded hackathons, an accelerator program, joint airdrop programs, and incentives for developers and users. To kickstart these ventures, $20 million worth of MOCA and TON tokens will be used.

Comments from Key Figures

Yat Siu was excited about the collaboration, emphasizing how it may promote digital property rights and encourage widespread adoption of web 3. He highlighted the potential to greatly increase the networks' benefits by making Moca ID and the Realm Network SDK available to Telegram's 900 million users.

Steve Yun shared that TON’s vision aligns with Animoca Brands' focus on digital property rights. He believes this partnership shows that TON is becoming a preferred platform for games and social apps. The reputation system they create together will allow users to express their identity and values on-chain.

Manuel Stotz praised the partnership for bringing together two leading players in web3 content, community, and distribution. He believes this collaboration will drive significant scaling and value creation in blockchain gaming and beyond.

Understanding The Open Network (TON)

The Open Network (TON) is a blockchain created by the team behind Telegram. It uses a proof-of-stake system and the TON token as its primary currency. Recently, TON has gained popularity with the rise of tap-to-earn games and currently processes nearly 4 million transactions per day. This partnership with Animoca Brands is expected to further boost TON's growth.

Overview of Animoca Brands

Animoca Brands is a web3-focused investment and development studio. It has invested in over 450 web3 projects, including Yuga Labs, The Sandbox, Phantom Galaxies, and Life Beyond. Animoca Brands is known for its significant role in the web3 space.

Animoca Brands also has a founder-level NFT collection known as Mocas. These NFTs are part of the larger Mocaverse, which includes various activities and benefits for holders. Moca NFTs offer special prizes, early access to releases, special tournaments, and voting rights on proposals from the Bored Ape Yacht Club DAO

What is the Mocaverse?

The Mocaverse serves as a proof of concept for the Realm Network. It is an interconnected ecosystem of apps on and off the blockchain. The Realm Network features Realm IDs, which combine digital identification with reputation tracking.

Moca IDs are a type of Realm ID used by players to log in and earn points across different games. The Mocaverse has boarded around 1.5 million accounts to the Moca ID system, which is available for free. Users can visit the Mocaverse website to claim their ID.

The primary NFTs in the Mocaverse are the Mocas. These limited edition PFP NFTs provide founder-level benefits to holders, especially those who keep their Mocas rather than trading them. Mocas offer ongoing point accumulations that can be used for giveaways and events. They also serve as playable characters in the game Pixels.