Moca Network, the identity ecosystem of the giant animoca brands of web investment3, plans to introduce a Layer 1 Blockchain This will allow web3 projects to identify and verify users without having to rely on centralized platforms.
The MOCA chain will provide user data by applications on any blockchain, similar to the way unique connection platforms such as OKTA and Google connection operate in the web2 environment.
The Testnet should start to operate in the third quarter with the Mainnet following by the end of the year, said the Moca Foundation in a Wednesday email. The native token of the project, MOCA, will be used for the costs of implementation, storage, data generation and validators’ verification. Mocca increased by more than 6% to around $ 0.077 within two hours of the announcement.
Moca Network is a flagship project of animoca brands, entirely with animoca employees, a spokesman told Coindesk in a telegram message. This reflects its central role in the investment strategy of animoca brands to advance digital property rights via web3 projects using non -spoiled tokens (Nft) and even. The property of his personal data is an integral part of this, according to the founder Yat Siu.
“The MOCA channel creates a digital ecosystem where users can finally have their data, their reputations and their contributions,” he said. “This is strongly aligned with the mission of anima brands to advance digital property rights and allow individuals to control and benefit from their online activities and their personal data.”
