Mocaverse Partners with Magic Eden to Co-Launch MagicMoca NFT Platform

ChainPlay

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2 months ago

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Mocaverse, a decentralized metaverse, has partnered with Magic Eden to introduce MagicMoca, an NFT launchpad created exclusively for the Mocaverse community. This platform will focus on gaming and intellectual property (IP) projects, offering curated NFT launches. MagicMoca is the first co-branded NFT launchpad from both Mocaverse and Magic Eden. It is designed to serve Moca NFT holders, MOCA Coin users, Moca ID users, and Magic Eden’s user base.

Mocaverse Overview

Mocaverse is Animoca Brands' flagship project. It enhances web3 experiences for users through a unified login system. Built on Animoca Brands' portfolio of over 540 companies, Mocaverse is working to build the Moca Network. This network allows partners to develop consumer-facing applications in web3. A key feature of Mocaverse is its Realm SDK, which facilitates decentralized user onboarding, integrating wallets, IDs, reputation, and point systems.

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MagicMoca will utilize MOCA Coin, the primary currency for transactions on the platform. Magic Eden will also include MOCA Coin as a preferred currency in its marketplace. Through MagicMoca, curated NFT projects from various sectors, including gaming and sports, will be introduced. The platform benefits from Animoca Brands' extensive portfolio of projects.

This collaboration between MagicMoca and Magic Eden is a major step toward expanding the web3 ecosystem. By combining the user bases of both platforms, the launchpad gains access to a large network of users. With Mocaverse’s single-login entry system and Animoca Brands' wide range of projects, MagicMoca offers high-quality, exclusive NFT launches. The Moca ID allows users to build their on-chain reputation, enhancing their interactions within this growing ecosystem.

Source: X

Magic Eden's native Rewards program will incentivize users to engage with the Moca Network. By purchasing or listing MagicMoca NFTs, users will receive a "Diamond boost" that enhances their NFT collection experience.

Jack Lu, CEO and co-founder of Magic Eden, expressed excitement about the partnership. He emphasized the importance of collaboration and innovation in the NFT space. He praised Mocaverse's network and the opportunities it brings to both communities.

MagicMoca Launch Details

MagicMoca is set to launch in Q3 2024. The platform aims to offer a seamless experience for NFT enthusiasts, with a strong focus on interoperability. MOCA Coin’s omni-chain capabilities align with Magic Eden's mission to provide marketplaces compatible with multiple blockchain networks. Both companies aim to bridge the gap between mainstream users and the emerging web3 ecosystem.

Kenneth Shek, Mocaverse lead, emphasized the alignment between the two platforms. Both companies share the goal of accelerating consumer adoption of crypto through NFTs. Shek noted that the partnership allows them to tap into Mocaverse’s network effect, curating only the best NFT projects for their communities.

Final Thoughts

MagicMoca will unite the Mocaverse and Magic Eden communities, creating opportunities for users to explore and engage with the web3 ecosystem. The collaboration, coupled with the strategic use of MOCA Coin and Animoca Brands' vast portfolio, highlights the growing importance of partnerships in driving the NFT space forward.