Yat Siu, co-founder and executive chairman of Animoca Brands, announced a new phase of the MOCA token airdrop, providing 300,000 tokens to the Mocaverse community.
The announcement details the participation requirements for this initiative, which aims to enhance inclusivity and engagement within the ecosystem. Participants in the current phase must meet specific requirements, including submitting a MOCA ID, providing feedback about Mocaverse, and completing tasks like social media engagement. Winners will be chosen using the KIP Protocol AI framework for transparency and fairness.
This phase follows a previous airdrop campaign in December 2024, where MOCA tokens were given to community members for their engagement. The airdrops are part of Mocaverse’s Token Generation Event to increase community involvement and expand the project’s reach.
Mocaverse, an NFT venture by Animoca Brands, connects web3 projects, partners, and users. The MOCA is a utility token for governance participation and community incentives. As of January 13, the MOCA token is valued at $0.2123, with a 24-hour trading volume of $36.21 million and a market capitalization of approximately $345.16 million, based on a circulating supply of 1.63 billion tokens according to data from CoinMarketCap.
Notably, Animoca Brands recently announced that it has secured an additional $10 million to develop further the Mocaverse project, which consists of 8,888 unique membership NFTs. This funding is part of a more significant $41.8 million capital raise that garnered support from prominent investors, including OKX Ventures, CMCC Global, HongShan, Republic Crypto, and Kingsway Capital, as stated in a press release dated November 12, 2024. This funding round also included a free-attaching warrant for the MOCA Coin utility token, which has a fully diluted implied value of $1 billion, following the structure of previous funding rounds. Animoca Brands indicated that the capital will promote web3 adoption and interoperability, focusing on scaling and enhancing the Mocaverse.
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