Mocaverse, a metaverse funded by Animoca Brands, MOCA Foundation, and Ton Foundation, have just closed an important strategic partnership.
The alliance between the parties is driven by the goal of creating new connections and facilitating the adoption and growth of their respective cryptographic ecosystems.
At the center of this collaboration, we see exchanges of technological infrastructures, mutual purchases of tokens, and social initiatives.
All the details below.
Mocaverse: the metaverse of Animoca Brands joins forces with TON
One of the main crypto news of today features the metaverse Mocaverse, MOCA Foundation, and TON Foundation.
These 3 projects have formed a strategic partnership to enhance their ecosystems, by combining their resources and committing to mutual expansion.
In detail, Mocaverse, an on-chain consumer network sponsored by the group Animoca Brands, will provide support for the development of a network based on decentralized identity.
By doing so, Ton Foundation and Moca Foundation will use the Mocaverse identifier (DID) Moca ID to promote a cohesive network focused on on-chain reputation.
In the midst of this collaboration, the TON Society ID resource will also be central, improving interoperability between the parties and pushing for a “cross-pollination” of users.
Moca ID and TON Society ID therefore aim to provide users with a means to express their identity and values on-chain within their respective ecosystems.
Furthermore, as part of the partnership, the metaverse Mocaberse and the two foundations TON and MOCA commit to integrating their technological infrastructures.
In fact, the flagship interoperable product SDK of Mocaverse Real Network, and the Telegram Mini App Platform are becoming accessible products for all 3 communities.
In accordance with the long-term strategic objectives of the respective foundations, the agreement provides for the integration of social gaming products and IP experiences.
To support the onboarding of new users, the projects also plan to launch a hackathon co-branded and a community accelerator for talented developers.
The three parties agree to use their reasonable efforts to present new decentralized novelties to investors within their respective networks for investments.
Token exchange and growth opportunity for all 3 communities
The collaboration between the metaverse Mocaverse, MOCA Foundation, and TON Foundation also includes a strategic exchange of tokens.
According to the agreement, 20 million dollars worth of MOCA and TON cryptocurrencies are made available by the respective ecosystems.
In this way, cross-pollination of users is encouraged, including joint airdrop through The Open League of TON and the PointFi platform of Moca Network.
Thanks especially to this type of economic incentives, the platforms manage to secure a customer base and can aim to expand their stages.
Cryptographic developers will also have a special opportunity for cohesion, where they can brainstorm ideas and collaborate on new common projects.
The partnership sees Mocaverse play a central role, as the executive arm to meet the strategic objectives of the MOCA and TON foundations.
More closely we can state how the metaverse portfolio of Animoca Brands, which consists of over 450 companies, will be integrated with the TON blockchain.
Thus, this broad ecosystem will provide the consumer level of content focused on culture and entertainment to the TON ecosystem.
On the other hand, this latter guarantees a base of over 900 million active users through the official Web3 infrastructure of Telegram Messenger.
To address the various challenges and common objectives of Mocaverse, MOCA Foundation and TON Foundation will establish a steering committee. The task will be to guide partnership initiatives and develop further areas of collaboration for combined growth.
The comments of the Mocaverse, MOCA, and TON representatives
There is certainly no shortage of comments from members of the MOCA, TON groups, as well as those from the president of Animoca Brands who supports the Mocaberse metaverse.
Starting from the latter, we report the words of the visionary Yat Siu, who has been managing the gaming software company and the affiliated venture company since 2014.
“The collaboration between Mocaverse, TON Foundation, and MOCA Foundation is an exciting milestone in our shared mission of mass adoption of Web3 and the advancement of digital property rights. The unique partnership between Telegram and TON Foundation and the collaboration unveiled today offer an opportunity to bring Moca ID and Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially amplify all our respective network effects”.
At home, TON instead took the floor Steve Yun, president of the board of the Toncoin Foundation, who commented as follows:
“The vision of freedom of interaction of TON strategically aligns with Animoca Brands’ focus on digital property rights. This partnership validates that TON has become the platform of choice for games and social apps. The reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain. We are excited to take a bull leap with Animoca Brands towards the widespread adoption of blockchain applications”.
It is clear that everyone agrees that the collaboration will offer important connections and new opportunities across different horizons, creating a positive impact for all 3 crypto ecosystems.
Very important in this regard is also the comment by Manuel Stotz, member of the TON Foundation board and founder and managing partner of Kingsway Capital, which reads:
“The partnership between Animoca Brands and the TON Foundation brings together the two main players in Web3 content, community, and distribution that, in this combination, will drive unparalleled scalability and value creation opportunities in blockchain gaming and beyond”.
Airdrop of the Mocaverse metaverse: analysis of the MOCA token
As mentioned, the partnership between the Mocaverse metaverse, and the MOCA and TON foundations, will also feature the upcoming crypto airdrops that will be released by the respective ecosystems.
Speaking of airdrop, we cannot fail to mention the one from MOCA (Mocaverse token) that arrived on the market on July 11, 2024.
The project offered an amount equal to 10% of the total supply of MOCA to the holders of Moca NFT as a form of contribution for support in the initial phases of the platform.
Those who received the airdrop can claim their prize until August 10, with ⅓ of the allocation unlocked at the TGE. The remaining portion of the reward will be unlocked in a linear vesting over 52 weeks, with a 3-month cliff (second claim date October 11).
Also for the possessori di Moca ID, an element of decentralized identity of Mocaverse, a share of the airdrop is planned.
On the day of the TGE of MOCA and the listing on major exchanges, the crypto reached a maximum price of 12.5 dollars. The following day it briefly continued the bull phase, growing up to 13.2 dollars, before starting a retracement phase.
From the top to the prices of Saturday, July 20, MOCA has lost 43% of its value with a price dynamic typical of airdrop launches.
After an initial phase of FOMO, the selling pressure started to be felt, pushing the quotations downwards.
After today’s partnership announcement, however, MOCA recorded a 25% pump in just a few minutes, only to retrace slightly. The agreement with the TON ecosystem and the expansion possibilities with Telegram have led investors to appreciate the cryptocurrency more.
We will see in the coming days how it reacts to the news and if it manages to reach new highs. At the moment, MOCA’s market capitalization is just 80 million dollars.
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