Moca Network, the identity ecosystem of animoca marks web3 investment giants, is planning to introduce a Capa-1 block chain That will allow web3 projects to identify and verify users without relying on centralized platforms.
The MOCA chain will allow user data to be verified by applications in any block chain, similar to individual login platforms such as OKTA and Google Sign-in operate in the web2 environment.
The testnet is expected to begin operating in the third quarter with the Net of Mainnet following at the end of the year, the Moca Foundation said in an email on Wednesday. The native token of the project, Moca, will be used for betting, storage, data generation and validator verification. Moca increased more than 6% to approximately $ 0.077 in the two hours after the ad.
Moca Network is an emblematic project of brands Animoca, totally attended by animoca employees, a spokesman told Coindesk in a Telegram message. This reflects its central role in the investment strategy of the animos brands to advance digital property rights through web3 projects using non -fungible tokens (NFT) and Memecoins. The property of the personal data of one is an integral part of that, according to founder Yat Siu.
“Moca Chain is creating a digital ecosystem where users can finally possess their data, reputations and contributions,” he said. “This is strongly aligned with the mission of animoca brands to advance digital property rights and train people to control and benefit from their online activities and personal data.”
