38.26K
83.94K
2024-06-27 12:00:00 ~ 2024-07-11 09:30:00
2024-07-11 14:00:00
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 week, a total of 8 projects will be unlocked, among which there is no major unlocking, and MOCA will unlock 2.9% of the circulation. Metars Genesis Project Twitter: https://x.com/MetarsGenesis Project website: https://metars.io/home Number of tokens unlocked this time: 10 million Amount unlocked this time: Approximately US$35 million Tip: This project is automatically listed by PlumAI of Token Unlocks, but in fact, it has relatively few followers, and there are contradictions between the circulating market value and unlocked amount. This article only lists it based on the platform data. METARS is a community-driven NFT creation platform that leverages AI deep learning to enable users to create virtual art using generative AI technology. The platform provides users with customizable templates to create NFTs, enabling them to easily create unique and personalized digital artworks. According to the unlocking sequence diagram, MRS is about to be unlocked, and the unlocking target is the AI Partnership Fund, with a total of 10 million. According to Coingecko data, the current market value is 300 million, so the unlocking amount should account for 11.6% of the circulation. Mocaverse Project Twitter: https://x.com/Moca_Network Project website: https://www.mocaverse.xyz/ Number of unlocked tokens this time: 44.06 million Amount unlocked this time: Approximately 12.69 million US dollars Mocaverse is a metaverse product under Animoca Brands that is building Web3 native tools to empower products in the gaming, cultural and entertainment verticals, allowing users to create their own digital identity, accumulate reputation, earn and spend loyalty points, and use their digital identity to access the Mocaverse ecosystem powered by Animoca Brands’ network of more than 450 portfolio companies and partners. The current circulation ratio is 26%. All the tokens unlocked in this round of Cliff are sold to the community. There are also linear unlocking for network incentives, liquidity, ecological treasury, operating expenses, etc. A total of approximately 12.6 million US dollars will be unlocked in 7 days. The specific release curve is as follows:
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
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 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.
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.
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.
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 >>>
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 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.
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
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.
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.
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.
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 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
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.
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.”
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.
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.
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.
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