OKX, Crypto.com, and Halo become partners of the Mocaverse metaverse

OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet become partners of the Mocaverse metaverse, with users being able to request their unique Moca IDs in-app. 

OKX, Crypto.com and Halo are new partners of the Mocaverse metaverse

OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet have become the new strategic partners of the Mocaverse metaverse, with the goal of expanding the Moca ID ecosystem. 

“Mocaverse joins forces with @okxweb3, @cryptocom & @HaloDotSocial to expand the Moca ID ecosystem and redefine the #Web3 network effect through the continuously expanding Mocaverse Partner Network (MPN).”

Mocaverse is the associative network project of Animoca Brandes and has embarked on a new journey with leading Web3 wallets, to bridge the gap between centralized finance (CeFi) and the on-chain cultural economy.

In practice, users of OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet will be able to request their unique Moca IDs in-app to enter the Mocaverse ecosystem. This way, users can access various cultural and entertainment experiences.

The Moca ID is used, in fact, to easily explore various Web3 cultural experiences, including PointFi, GameFi, and SocialFi.

OKX, Crypto.com and Halo: Web3 wallets enter the metaverse

Moca ID holders, including users of OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet who request it, can earn Realm Points through active participation and engagement in partner ecosystems and experiences. 

Not only that, these points can be redeemed to receive, in exchange, exclusive access to real-life benefits and rewards provided by Mocaverse and Animoca Brands.

In this regard, Kenneth Shek, project lead of Mocaverse, said:

“We are incredibly excited to announce the partnership with OKX Wallet, Halo Wallet, and Crypto.com Wallet, some of the leading wallet providers in Web3. This partnership embodies the values and mission we set out when we envisioned Moca ID, which is to make interoperability a new standard for engaging new users and redefining the impact of the Web3 network through the Mocaverse Partner Network.”

Even Jason Lau, Chief Innovation Officer of OKX, has released his statements on the matter: 

“OKX Wallet is the best way to discover and explore the growing realm of Web3 gaming, culture, and entertainment experiences. Our collaboration with Mocaverse to support Moca ID provides our users with the seamless experience and interoperability they expect from OKX Wallet. This integration is just the beginning, and we look forward to working with the teams at Animoca Brands and Mocaverse to bring more users into Web3.”

The activations and marketing initiatives with each partner will start in the first quarter of 2024.

Animoca Brands and Non-Fungible Tokens as a pillar of digital capitalism

Recently, the founder of Animoca Brands, Yat Siu, commented on Non-Fungible Tokens, stating that NFTs are an important component of digital capitalism.

The fact that these tokens give users ownership of digital or tangible assets allows them to transform entire sectors, such as rights management and education. 

Specifically, Siu said that NFTs can revolutionize the distribution of educational content, offering significant financial opportunities, especially in less wealthy regions. According to Siu, the foundations of democracy are property rights and capitalism.

That being said, at the moment, the founder of Animoca Brands, argues that NFTs are still underutilized. Moreover, Siu argues that the blockchain acts as a sort of political system, favoring a democratic process based on consensus.