Animoca Brands’ Flagship Project Moca Network to Launch L1 for Digital Identity

Network Moca, Ecosystem Identity Web3 Investment Giant Animoca, plans to introduce and Blockchain layer 1 This will allow web3 projects to identify and verify users without having to rely on centralized platforms.

The MOCA string allows you to verify user data using applications across any blockchain, similar to the way in which one -off platforms such as OKTA and Google are operating in the Web2 environment.

The testnet is expected to start working in the third quarter with the Mainnet, which follows by the end of the year, said the Moca in Middle E-e-mail. The native project token, Moca, will be used for verification, storage, data generation and verification. MooAxis more than 6% to about $ 0.077 two hours after the announcement.

Moca Network is a flagship project Animoca Brands, which fully served animoca employees, said Coindesk spokesman in a telegram report. This reflects its central role in the investment strategy of animoca Brands Strengthening Digital Ownership Rights through Web3 projects Use Incomplete tokens (NFT) and MEMECOINS. According to the founder of YAT SIU, the ownership of personal data is.

“The string MOC creates a digital ecosystem where users can finally own their data, reputation and posts,” he said. “This is strongly coping with the mission of brands oroca to advance in digital ownership rights and allow individuals to control and benefit from their online activities and their personal data.”