Moca Network

Token

Swap

Foundation

<h4>They plan to build a network based on identity and reputation. </h4> 
This network will span both the Moca Network and TON Blockchain systems. Let’s discover more about this important news for Animoca Brands. 
<h5>What’s Happening?</h5> 
<a href="https://x.com/moca_network?s=21" target="_blank" rel="noopener">MOCA</a> and <a href="https://ton.foundation/" target="_blank" rel="noopener">TON Foundation</a> have agreed to a token swap as part of this collaboration. They are exchanging their tokens, <a href="https://www.coingecko.com/en/coins/moca-coin" target="_blank" rel="noopener">MOCA Coin</a> (MOCA) and <a href="https://www.coingecko.com/en/coins/toncoin" target="_blank" rel="noopener">Toncoin</a>, to incentivize their growth. 
The goal is to encourage engagement and interactions between users of both ecosystems. They will achieve this by integrating <a href="https://www.mocaverse.xyz/moca-id" target="_blank" rel="noopener">Moca ID</a> and Mocaverse’s decentralized identifier into the TON Blockchain’s reputation system, known as TON Society ID. 
<img decoding="async" class="wp-image-146456 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbcvbnbhnh-243x300.jpg" alt="" width="468" height="578" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbcvbnbhnh-243x300.jpg 243w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbcvbnbhnh-341x420.jpg 341w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbcvbnbhnh-324x400.jpg 324w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxvbcvbnbhnh.jpg 392w" sizes="(max-width: 468px) 100vw, 468px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/gioeth_/status/1815444712364347751" target="_blank" rel="noopener">X</a></h6> 
<h5>Why does it matter?</h5> 
Moca ID and TON Society ID will let users show who they are and what they value on the blockchain. With this, it will be easier for users to explore and operate within both systems. 
The partnership aims to boost user growth through market strategies and token resources. This plan includes adding Mocaverse’s cross-platform product and the <a href="https://realm.network/" target="_blank" rel="noopener">Realm Network SDK</a> to the TON Blockchain. This will enhance the reputation system and encourage users to join various TON ecosystem apps. 
The partnership plans to use go-to-market strategies and token resources to increase user growth. It involves adding the Realm Network SDK and Mocaverse’s cross-platform product to the TON Blockchain. If they do this, it will improve the reputation system. A lot of users will also join various apps in the <a href="https://www.coingecko.com/en/categories/ton-ecosystem" target="_blank" rel="noopener">TON ecosystem</a>. 
The partnership will zero in on casual social games, sports, and experiences with intellectual property to draw in users. Mocaverse and the two foundations will start co-branded coding contests and a program to help developers grow. They’ll also show promising projects to investors they know. 
<h5>Management’s Take</h5> 
<a href="https://x.com/ysiu?s=21">Yat Siu</a>, the co-founder of Animoca Brands, gave his two cents to this partnership. He said this team-up will push Web3 further and secure digital property rights. He pointed out that adding Moca ID and the Realm Network SDK to Telegram could boost their network impact. 
<img decoding="async" class="wp-image-146459 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxbvcnbvnghg-245x300.jpg" alt="" width="455" height="557" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxbvcnbvnghg-245x300.jpg 245w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxbvcnbvnghg-342x420.jpg 342w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/vcxbvcnbvnghg.jpg 393w" sizes="(max-width: 455px) 100vw, 455px"> 
<h6 style="text-align: center;">Source: <a href="https://x.com/ysiu/status/1815337592852025721" target="_blank" rel="noopener">X</a></h6> 
<a href="https://x.com/steveyun_ton?s=21" target="_blank" rel="noopener">Steve Yun</a>, TON Foundation Council President, said a few things about this partnership. He said it fits TON’s dream of free interaction and Animoca’s focus on digital property rights. The reputation system will allow users to show their identity and values on-chain. This will drive more people to use blockchain apps. 
<a href="https://www.newsbtc.com/news/company/the-ton-foundation-announces-first-community-ambassadors-and-names-manuel-stotz-as-board-member/" target="_blank" rel="noopener">Manuel Stotz</a>, TON Foundation Council Member, said this team-up brings together two top Web3 players. It will impact scaling and creating value in blockchain gaming like never before. 
Animoca Brands and the TON Foundation are teaming up to create a big token swap. They want to unite by creating a shared identity and reputation system. All this will boost user involvement and help developers grow. 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a> 
<div class="youtube-embed" data-video_id="s2DE1IfMeSw">
 <iframe title="SOLID Reasons WHY Solana SOL Is Heading to the Moon! INJ HNT Pump" width="696" height="392" src="https://www.youtube.com/embed/s2DE1IfMeSw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/animoca-brands-partners-with-mocaverse-for-token-swap/">Animoca Brands Partners with Mocaverse for Token Swap</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Animoca Brands Partners with Mocaverse for Token Swap

Altcoin Buzz

Andere artikelen gepubliceerd op 24 jul 2024

India Maintains 1% Crypto Tax Rate Despite Industry Pressure

What is Cardano? Explainer

Trump Incident Influences STRUMP’s Rise; MOONHOP Nears $1M Target; Bonk Coin Outlook Unaffected

MetalSwap Recap: June

Bitwise CIO Teases More Crypto ETFs After Ethereum Success, Solana & XRP Next?

Bitcoin Faces Price Pressure Due to Mt. Gox BTC Distribution

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!