MagicMoca is a new platform that promises innovation and new opportunities in the world of NFTs.
Mocaverse, Animoca Brands’ flagship platform, has announced the launch of MagicMoca, an NFT launchpad designed specifically for its community of users and creators, coming this year.
This new platform, which is developed in collaboration with Magic Eden, one of the most prominent NFT markets in the blockchain industry, was designed with the aim of facilitate access to high-quality NFT project launches focused on various cultural areas, including digital games and intellectual property.
In addition to the launch of this new platform, Mocaverse and Magic Eden also announced the Adoption of MOCA Coin as its main token for transactionsAccording to experts, these recent announcements could mark a turning point in the NFT user experience.
A launching pad for innovative projects
Through MagicMoca, Mocaverse seeks to position itself in the NFT market, promoting the development of high-quality projects that resonate with the interests of users of this crypto space. Kenneth Shek, leader of Mocaverse, assured that the new launch platform will ensure that only the best NFT projects reach the market already to users of the crypto world.
“We share the same vision of accelerating consumer cryptocurrencies by using NFTs as a touchpoint for everyday consumers,” Shek said, stressing that their new platform will not only benefit Mocaverse NFT holders but also the Magic Eden user community, creating a more robust and collaborative digital ecosystem.
For his part, Jack Lu, CEO and co-founder of Magic Eden, commented that the recent collaboration with the Animoca Brands platform will allow its community of users and creators to access the ecosystem that the technology and venture capital company has forged around NFT tokens, digital games and intellectual property.
“Our priority will always be to push the boundaries of how to expand the world of NFTs, so leveraging innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.”, said Lu.
MOCA Coin as the main token for transactions
To ensure this launch, Mocaverse and Magic Eden announced the adoption and integration of MOCA Coin as the primary currency for transactions on MagicMoca, something that the developers have pointed out as a key element of its operation.
The MOCA token will not only facilitate purchases and sales within the platform, but is also expected to boost interoperability between different non-fungible token projects and platforms and encourage greater engagement among NFT users.
Animoca Brands: A Leading Web3 Player
Animoca Brands, known for its leadership in the Web3 sector, with a portfolio that currently houses more than 540 projects, plays a crucial role in the launch of MagicMoca. The company has demonstrated its commitment to innovation and creating an open digital ecosystem where users can enjoy rich digital experiences and maintain their property rights.
In 2022, Animoca Brands announced the launch of Mocaverse, a collection of non-fungible tokens of 8.888 characters called Mocas, which grant their holders different benefits and utilities. This project was created with the aim of forming stronger connections between the companies and projects that are part of its ecosystem, as well as with its partners and other participants in the blockchain industry.
Now, the collaboration between Mocaverse and Magic Eden highlights their vision of building an ecosystem where users can interact with a variety of applications and services through a single entry point. The company highlighted that this will not only improve the user experience but will also foster the creation of a more united, active and engaged community with the NFT market.
Revolutionizing the NFT market
Overall, MagicMoca represents a significant advancement in the way users will be able to interact and trade with NFTs, offering a richer and more accessible experience.
The launch of this new platform stands out in a context in which the non-fungible token market has experienced a significant drop in its volume of activity. Despite the fact that this market has had explosive growth in recent years, to the point of becoming an essential component of the digital economy, NFT projects currently operate at a fairly low volume compared to previous years. For example, Ethereum, the leading blockchain in the NFT market, recorded a monthly trading volume with these digital assets of $127 million dollars in August. This represents a 97% drop, compared to the volume recorded in August 2021, which exceeded $4.300 billion dollars, according to data from the CryptoSlam platform.
MagicMoca is expected to enable creators and collectors to enjoy more intuitive and secure experiences, renewing interest in the NFT market and encouraging the adoption of these digital assets and cryptocurrencies in general.
