Animoca Brands co-founder Yat Siu elaborated on the purpose and structure of Mocaverse. Mocaverse is an interoperable infrastructure stack designed to enhance network effects and bring together various cultural economies. It integrates multiple domains such as gaming, music, sports, anime, NFTs, digital identities, forming a cohesive ecosystem. Mocaverse and MOCA Coin represent cultural capital, and as their reputation layer grows, they will become more socialized and symbolic in meaning and purpose.

MOCA

Odaily Planet Daily News: Animoca Brands co-founder Yat Siu elaborated on the meaning of tokens and the purpose of Mocaverse. He stated that NFTs, due to their unique nature and ability to reflect personal identity and cultural capital, create deeper and more complex network effects than fungible tokens. The loyalty to brands like Hermes, Nike, or Apple can be easily observed, and a similar cultural rise is emerging in the virtual world, such as projects like Pudgy Penguins and Bored Ape Yacht Club, as well as Animoca Brands' Mocaverse. Mocaverse is an interoperable infrastructure stack designed to enhance network effects and bring together various cultural economies for mutual benefit. It integrates multiple fields such as games, music, sports, anime, NFTs, and Decentralized Identifiers (DIDs) into a cohesive ecosystem. Mocaverse and the MOCA Coin represent cultural capital, which may appear objective today (similar to most NFTs), but as the reputation layer of Mocaverse grows and more rewards and incentives are given for the creation of cultural capital, it will become more social and symbolic in meaning and purpose.

Yat Siu describes Mocaverse as an interoperable infrastructure that integrates cultural economies.