Moca Network represents a paradigm shift in digital identity infrastructure, building the world's largest chain-agnostic decentralized identity network. The project addresses a fundamental problem in Web3: fragmented digital identities across platforms and ecosystems. Through its flagship AIR Kit technology, Moca Network enables users to create a universal account that works seamlessly across Web2 and Web3 applications, allowing them to own and control their digital assets, identity, and reputation data across multiple ecosystems. The platform targets enterprises, developers, and consumers seeking unified identity solutions, with particular focus on gaming, entertainment, sports, and DeFi sectors. Key innovations include zero-knowledge proofs for privacy preservation, cross-chain interoperability through LayerZero v2 protocol, and integration with over 700 million addressable users through Animoca Brands' extensive portfolio ecosystem.

Moca Network emerged from Animoca Brands' vision to create a comprehensive digital identity infrastructure for the open internet. The project began as Mocaverse, an NFT membership collection for Animoca Brands' ecosystem, before evolving into the current identity-focused network. The MOCA token launched in May 2024 following a highly successful public sale that raised $29.3 million at 12x oversubscription, conducted on the MocaList platform in partnership with CoinList. Led by project lead Kenneth Shek and backed by Animoca Brands' extensive network of 540+ portfolio companies, the project has achieved significant milestones including partnerships with major enterprises like SK Planet (28 million KYC'd users), OneFootball (200+ million users), and MyAnimeList. The platform has onboarded over 1.8 million users through its Moca ID system since November 2023. Currently, Moca Network is preparing for the launch of Moca Chain, its dedicated Layer 1 blockchain for identity and user data, with testnet expected in Q3 2025 and mainnet by year-end. The token reached its all-time high of $0.48 in December 2024 and maintains strong community engagement across multiple platforms.

Technology Highlights

Moca Network's architecture centers on AIR Kit, a modular identity toolkit that enables developers to issue, verify, and use verifiable credentials tied to user proofs. Built on LayerZero v2 protocol for omni-chain functionality, the system features decentralized data storage, zero-knowledge proofs for privacy, zkTLS for web proof data generation, and cross-chain identity oracles. The upcoming Moca Chain will serve as a dedicated Layer 1 blockchain for identity and user data, supporting self-sovereign identity protocols across multiple industry verticals while maintaining EVM compatibility and modular design principles.

Governance Overview

MOCA operates under a decentralized autonomous organization (DAO) structure where token holders participate in governance decisions affecting protocol upgrades, data policies, and ecosystem development. The MOCA Foundation, governed by Moca DAO, supports network development and sustainable growth through community-driven improvement proposals and cross-DAO empowerment mechanisms. Token holders exercise voting rights on key decisions while participating in the broader cultural economy through various engagement mechanisms and reward programs.

Current Performance

Positive Drivers

MOCA benefits from strong institutional backing through Animoca Brands' extensive portfolio of 540+ companies and access to 700+ million addressable users. The upcoming Moca Chain mainnet launch and expanding partnerships with major enterprises like SK Planet, OneFootball, and Plume Network drive long-term value. The deflationary tokenomics model, where tokens are burned through credential transactions, creates natural scarcity as adoption increases. MocaPortfolio's innovative approach to token rewards and the growing adoption of AIR Kit across Web2 and Web3 applications strengthen the ecosystem's value proposition. Recent exchange listings on major platforms including Kraken, Upbit, and Bithumb expand accessibility and liquidity.

Risk Factors

The project faces execution risks related to the successful deployment of Moca Chain and achieving mainstream adoption of digital identity solutions. Competition from established identity protocols like Civic and regulatory uncertainties around privacy and data management pose challenges. Market dependency on broader crypto sentiment and correlation with Animoca Brands' performance could impact price volatility. Technical complexity of cross-chain integration and the need for seamless user experience across multiple platforms represent ongoing development risks that could affect adoption timelines and user retention.