38.26K
83.94K
2024-06-27 12:00:00 ~ 2024-07-11 09:30:00
2024-07-11 14:00:00
Oferta total8.88B
Recursos
Apresentação
$MOCA is the underlying resource that powers the Moca Network, an interoperable consumer network with a pre-existing ecosystem of 450+ companies seeded by Mocaverse and Animoca Brands. With $MOCA, users can gain access to and participate in consumer dApps in key cultural verticals like gaming, sports, music, and IP. This is enabled by Mocaverse’s interoperable infrastructure layer of Account, Identity, Points, and Reputation.
On November 12, according to the official blog, Animoca Brands announced that it had raised an additional $10 million for its Web3 project Mocaverse, after the company announced a total investment of $31.88 million last year. The investment comes with a free additional warrant for the MOCA Coin utility token, with an implied fully diluted value (FDV) of $1 billion, and its structure is similar to the two parts announced previously. Participants in this round of financing include OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital, etc., with the aim of accelerating and expanding the scale of Mocaverse's operations against the backdrop of the project's substantial growth since its first financing. The company will use the new funds to advance its goal of accelerating the mass adoption and interoperability of Web3 by continuing to expand and build Mocaverse, an interoperable infrastructure layer for account, identity and reputation systems for consumer cryptocurrency adoption. This includes the Realm SDK, an interoperable software development kit (SDK) that allows partners to create their own reputation-based ecosystems and provide corresponding application experiences that are interoperable with all ecosystems built on top of the Moca Network.
The Hong Kong-based digital entertainment and venture firm Animoca Brands raised $10 million in funding to build out Mocaverse, the firm's consumer network. Participants in the round include OKX Ventures, CMCC Global, HongShan, Republic Crypto, Decima Fund and Kingsway Capital, according to a Tuesday release . The most recent financing comprises the third funding round Animoca received to build out Mocaverse. It raised $20 million in September 2023 and an additional $11.88 million two months later. Mocaverse aims to stitch together gaming, sports, music and other cultural economics into one platform. It allows users to create their digital identities via the decentralized identity protocol Moca ID, develop their online presence and earn rewards via Realm Points , a point system specific to completing tasks in the Mocaverse ecosystem. “Our mission is to get crypto in the hands of hundreds of millions of users, which requires onboarding the fan bases that appeal to individuals on a deeply personal level," Mocaverse Project Lead Kenneth Shek said in a statement. "We are building Realm Network to decentralize such onboarding efforts for each pioneer in the consumer crypto space across multiple verticals, with the ultimate goal of driving network effect among all of them.”
Author: Karen, Foresight News On November 4, Beijing time, OpenSea released a teaser animation showing a ship setting sail, indicating that the platform will launch a new version in December. At the same time, OpenSea has started registration for a waitlist, which, as of the time of writing, has already attracted 174,000 people. This news quickly sparked community expectations and speculations regarding token issuance, airdrop activities, reward mechanisms, and L2. According to OpenSea founder and CEO Devin Finzer, "The new version of OpenSea is completely rebuilt because true innovation sometimes requires us to step back and rethink and redesign the entire framework." OpenSea Pro co-founder vasa also revealed that the development of the new version of OpenSea began a year ago. Regarding the specific features or characteristics of the new version, based on OpenSea's responses and the author's analysis, it is speculated that it may include the following highlights: According to a post by Azuki researcher and Mocaverse advisor wale.moca, the new version of OpenSea will feature a leaderboard that also provides XP points. OpenSea's official account retweeted this. From this, it can be inferred that the new version is likely to launch a points program. Considering that OpenSea is an American company, the rewards may not necessarily be OpenSea tokens, but could also include profit sharing from the platform. It is worth noting that in August of this year, OpenSea received a Wells notice from the U.S. Securities and Exchange Commission (SEC), which threatened to sue OpenSea because they believe the NFTs on the OpenSea platform are securities. In response, OpenSea stated, "In addition to standing firm on its position, it also pledged $5 million to help cover the legal fees of NFT creators and developers who received Wells notices." It is noteworthy that OpenSea Pro (the NFT marketplace aggregator Gem acquired by OpenSea) had previously announced on its homepage that it would launch a reward program, claiming "we are currently scoring and tracking user activity, and the game is about to begin." However, this content has since been removed from the official website. Additionally, to commemorate the launch of OpenSea Pro, in April of last year, OpenSea Pro released the Gemesis NFT series. As of now, the floor price of this NFT series is 0.0139 ETH, having increased by 242% in the past 24 hours, with a cumulative trading volume of 8,180 ETH displayed on OpenSea. In this series, the rarity of the NFTs is closely related to the time they were first traded using Gem; the earlier the trade, the higher the rarity. Therefore, if OpenSea conducts an airdrop in the future, in addition to OpenSea's trading users, holders of Gemesis NFTs are also very likely to be considered. Release some new features beneficial to artists. Deeper integration with GameFi. This can be seen from OpenSea's recent actions; in late October, OpenSea integrated with the Base gaming ecosystem B3 Chain, aiming to improve users' Web3 gaming experience and support faster and cheaper minting of NFT series and in-game items. Achieve account abstraction, allowing users and developers to access Web3 more easily. According to @DefiIgnas's wishlist, it is hoped that OpenSea 2.0 will support Bitcoin ordinals, rune rewards, simplify onboarding, portfolio pages, and token airdrops, as well as fragmented NFTs, an NFT Launchpad, social features (similar to Instagram for NFTs), and a native mobile application. In response, OpenSea CTO Nadav Hollander stated that it is a good list and asked @DefiIgnas about their top priorities. Of course, some speculate that OpenSea will create a pump.fun version of the NFT marketplace, although this may need to be achieved through the fragmentation of NFTs. In the current climate of meme popularity, the revival of the NFT craze seems to be full of challenges. Especially considering that OpenSea's competitor Blur has performed poorly after issuing tokens, and Magic Eden is about to issue tokens, whether OpenSea 2.0 can reignite the NFT craze remains to be seen. It is worth mentioning that OpenSea team member @ken_cadima will hold a technical lecture during Devcon (on November 13) to reveal the specific details of OpenSea 2.0. Foresight News will continue to follow up.
On October 31st, Animoca Brands announced an investment in the decentralized real-time dynamic (RTK) network GEODNET to advance the development of mixed reality games and immersive experiences. GEODNET will collaborate with Animoca Brands' consumer network project Mocaverse to explore the integration of precise positioning technology in the Moca Network.
According to official sources, Animoca Brands plans to launch GEN3 Playground at K11 Musea in Kowloon, Hong Kong in November. Participants will have the opportunity to explore several of Animoca Brands' projects, including Anichess, Cosmic Bomber, Mocaverse, Motorverse, The Sandbox, and TOWER Ecosystem.
Mocaverse is positioned as a Web3 access portal, empowered by digital identity and user reputation. With an ecosystem of games and consumer applications, and over 700 million addressable users, the project plans to change digital ownership and community participation in the Web3 space. Mocaverse was created by Animoca Brands, which is involved in blockchain games, NFTs, metaverses, and social blockchain applications. The company unifies its ecosystem of over 540 Web3 projects through a common access point. Mocaverse projects are building blockchain-powered Web2 experiences that enable users to create digital identities, accumulate reputation, earn and spend loyalty points, and unlock rewards in Mocaverse and its partner ecosystems through interoperable identities and reputations. The Mocaverse ecosystem is relatively new but growing rapidly. In a few months, nearly 2 million MOCA IDs have been minted and the platform has over 700,000 monthly active users. The team is committed to improving and innovating the crypto user experience, and thanks to a mature technology stack tailored for consumer-facing applications, many high-quality new projects will continue to join the ecosystem. Animoca has over 700 million users across its top 30 portfolio companies and subsidiaries, putting it close to platforms like Telegram (900 million messaging users) and Binance (1.7 billion transacting users). Leadership Team Yat Siu, founder of Mocaverse and Animoca Brands Yat is the co-founder and executive chairman of Animoca Brands, a digital entertainment and blockchain technology company. Animoca has advanced digital property rights through games like The Sandbox and has been a driving force for innovation in Web3 gaming. Yat started his career at Atari Germany before moving to Hong Kong in 1996, where he founded Cybercity, Asia’s first free web and email provider. He later founded Outblaze, a technology group specializing in cloud gaming and smartphone software, which he partially sold to IBM in 2009. Under his leadership, Animoca Brands grew to a multi-billion dollar market capitalization. Alan Lau, Mocaverse founding team member and Animoca Brands chief commercial officer Alan is an experienced executive who leads all Animoca Brands strategic investments and empowers over 540 portfolio companies. Alan plays a strategic role in identifying strategic opportunities and driving alignment of over 540 portfolio companies with Mocaverse to maximize the network effects and growth of the Mocaverse ecosystem. Alan is the former CEO of Tencent’s insurance division and has over 15 years of Internet/TMT experience. Kenneth Shek, Mocaverse founding team member and project leader Kenneth Shek is a venture builder and startup founder in the fields of artificial intelligence, e-commerce, and renewable energy, with corporate experience in management consulting and consumer businesses. He founded a consumer forecasting startup that processed terabytes of data per day, and built businesses in renewable energy and high-growth e-commerce. At Accenture, Kenneth spearheaded innovation on Web3 projects with Fortune 500 companies such as hotel chains and consumer brands, and led the regional data and AI practice for consumer enterprises. Kenneth leads the Mocaverse team within Animoca Brands. Caleb Ho, Head of Engineering at Mocaverse Seasoned technology leader with extensive experience in fintech and e-commerce. He has held several key positions, including Engineering Director of a virtual banking startup acquired by Rapyd, Engineering Manager of Znap (a mobile payment startup that successfully exited with $75 million), Engineering Director of Grana (e-commerce that received $10 million in funding from Alibaba), Core Engineer at Microsoft, and Co-Founder and CTO of a furniture fintech startup. Skilled in building teams from scratch and driving zero-to-one product development while scaling operations and fostering innovation. Prakhar Agarwal, Product Head, Mocaverse Prakhar was Kyber Network’s first product hire and Head of Product, where he drove over 10x user growth at one of the top DeFi protocols. With over a decade of experience in blockchain, gaming (Ubisoft), and fintech, Prakhar has a proven track record of building innovative and high-impact products. Kyle Chiu, Head of Marketing, Mocaverse Kyle is an experienced marketing professional specializing in brand marketing, performance marketing and growth, and community management. Prior to joining Mocaverse, Kyle served as CMO at an NFT marketplace and was the head of brand and growth for a crypto exchange. Prior to joining Web3, Kyle worked in advertising agencies for many years and led the Asia Pacific digital marketing team at Deutsche Bank Asset Management. Olivia Song, Head of Business Development, Asia Olivia joins Mocaverse to drive business growth in Asia, starting with Korea and Japan. She is employee number 6 at Avalanche and has played a key role in expanding Avalanche’s presence in Korea over the past 4+ years. Simon Doherty, Head of Capital Markets, Animoca Brands and Mocaverse Simon Doherty joined Animoca Brands in 2022 to focus on corporate finance and strategic initiatives. Prior to joining Animoca, Simon worked as a Senior Associate in Corporate Finance at Taylor Collison, BBY and PricewaterhouseCoopers. Simons expertise spans corporate finance, investment banking, capital markets, financial analysis and mergers and acquisitions, making him a key figure in driving the growth and strategic direction of Animoca Brands. Project Background Founded in 2014, Animoca Brands has a portfolio of video games, digital media brands, intellectual property (IP), and blockchain infrastructure technology, focusing on enabling users to truly own their digital assets. Animoca develops mobile games and subscription products, and introduces internationally renowned IPs such as Marvel, NBA, Hello Kitty, etc. Through its portfolio of assets, Animoca has created a collectibles platform and virtual world where users can purchase unique NFTs and use them for games, collections, or secondary transactions. In addition, Animoca has acquired and invested in multiple digital asset brands, including Axie Infinity, The Sandbox, Decentraland, and Dapper Labs (creator of CryptoKitties and NBA Top Shot). It also holds shares in OpenSea and Flow, a Layer 1 blockchain focused on scalable and efficient NFTs. Animoca has built a large collection of web3 companies focused on culture and entertainment, covering a portfolio of more than 540 companies with more than 700 million web2 and web3 users. Animoca now plans to bring these assets and their large user base together through its new project Mocaverse and MOCA tokens. Mocaverse will become an exploration center for digital culture and entertainment, helping users experience rich interactions and identity management in the web3 world. The Mocaverse project is building web3 native tools that enable users to create digital identities, accumulate reputation, earn and use loyalty points, and access the Mocaverse ecosystem. MOCAVERSE Ecosystem Although the Mocaverse project will only be launched in 2023, nearly 2 million MOCA IDs have been minted so far, and the ecosystem has more than 700,000 monthly active users. In Animoca Brands project portfolio, there is about a new TGE every week, and the potential applications within the Mocaverse ecosystem are constantly expanding. Technology Stack Mocaverse defines itself as a network, not another Layer 1 or Layer 2 solution, but a collection of technologies that bring different applications together. Importantly, Mocaverse does not try to lock users into a specific chain, but seeks to integrate with each chain and expand the crypto user base. The entry point to Mocaverse is the Realm wallet, which was built by the Animoca team and is part of the Realm SDK. From a technical perspective, the Realm wallet is designed to natively support account abstraction (AA). AA is a relatively new concept that aims to improve the crypto user experience. Traditional crypto wallets are controlled by private keys and used to initiate transactions, while AA wallets allow smart contracts to manage accounts, making the wallet experience more flexible and user-friendly. For example, traditional wallets require users to manage mnemonics and manually sign each transaction, while with AA wallets such as the Realm wallet, wallet import can be achieved through social recovery, and recurring transactions can be automated and batched. Another advantage of AA (account abstraction) wallets is that they improve the user experience when paying gas fees. Traditionally, gas fees on networks such as Ethereum must be paid in ETH, which can be confusing for new users, especially as they may not understand the gas fee model and do not necessarily own ETH. With account abstraction, smart contracts can allow gas fees to be paid with other tokens, or even for applications to pay gas fees on behalf of users. This lowers the barrier to entry for new users. In the Mocaverse scenario, the MOCA tokens in the users Realm Wallet will be deposited into a paymaster contract, which will pay the gas fees for the user without the user having to understand how gas fees work. In addition to being a wallet that supports account abstraction, Realm Wallet can also interoperate with other products in the Realm SDK, such as Realm ID, Realm Points, and Realm Reputation. This interoperability means that wallet credentials can be used across different applications and ecosystems. For example, users can seamlessly switch between gaming ecosystems and social platforms while maintaining their identity and reputation across these platforms. This consistency between applications, and the cross-application use of points and reputation, helps improve user engagement and retention. In terms of Mocaverses technology stack, the team developed the Realm SDK and branded it separately from Mocaverse, which was a deliberate and highly strategic choice. By creating a neutral technology stack, the Realm SDK becomes a toolkit that is easier for partners and potential partners to adopt without Realm tokens or user lock-in. The seamless integration of the technology stack with Mocaverse is an advantage for partners, but it is not mandatory. In the long run, this approach will become a highly attractive technology stack built for consumer applications, and can also obtain broader distribution channels through the Mocaverse platform. MOCA ID MOCA ID is a decentralized identity system and the entry point to all activities in Mocaverse. It aims to provide users with a unified digital identity that can be used in various web3 applications, similar to Apple ID, which allows Apple users to download applications and have user accounts in games and applications in the Apple App Store. MOCA ID allows users to authenticate, interact with DApps, and participate in the Mocaverse ecosystem through a single, interoperable identity authentication. Interoperability is a core concept of MOCA ID, which is what distinguishes it from systems like Apple ID. While Apple ID is limited to use within the Apple App Store ecosystem, MOCA ID is integrated with crypto wallets to manage user reputation across apps. The simplest way for apps to integrate with MOCA ID is to connect through the MOCA ID API, so that apps can access user data and contribute reputation points for user activities in the app. Users can use reputation points to unlock unique features and rewards, such as Mocaverses token Launchpad, NFT Launchpad, staking pools, and more. Apps can also reward users for their attention and interaction through a reputation points system. Potential outcomes of MOCA ID Short term: MOCA ID improves the user experience on web3 platforms by simplifying identity authentication and providing ecosystem-unique features. This can drive early adoption and increase user engagement within the Mocaverse ecosystem. For example, Mocaverse has launched a gamification feature called Mocana that allows users to earn rewards associated with their MOCA ID through Mocana Quests. Medium term: MOCA ID will be widely used outside of web3 and even integrated with web2 platforms with a large number of users, allowing users to interact seamlessly, build a strong on-chain reputation and identity, and be generally accepted throughout the network. For web2 applications, MOCA ID integration can replace centralized services, improve online compliance and KYC processes, and increase the security of online identity management. In addition, it can also bring financial opportunities by associating crypto wallets with login credentials. Long term: MOCA ID may develop into a key digital identity system for accessing various digital services such as finance, social platforms, and governance. It may be integrated into various aspects of daily life, such as medical services, voting, or managing digital assets such as stocks, crypto assets, and art collections, thus becoming an indispensable tool in personal and professional identity management. MOCA Tokens and their Distribution MOCA tokens are a core component of the Mocaverse ecosystem for use by consumers and applications. For consumers, the simplest use is as a medium of exchange for applications within the ecosystem. Instead of holding multiple tokens for different games and applications, users can hold MOCA tokens and use MOCA to purchase digital items and experiences. The conversion to the native token of each application or game will be completed in the background. MOCA can also be used to pay for gas fees for transactions, simplifying the experience for new users. In addition to being used as a currency and gas token, MOCA is also designed to be used for various activities in the Mocaverse, such as staking, governance, and rewarding user participation. Users can stake MOCA tokens to gain staking power, which in turn gives them access to unique experiences and rewards. MOCA stakers can also receive token rewards through projects within the ecosystem. On the application side, applications can use MOCA tokens to enhance their distribution and simplify the user experience. For example, MyAnimeList, the worlds largest anime and comics community website, is working with Mocaverse to create new experiences for fans, creators, studios, and IP holders. MyAnimeList pays gas fees for users and purchases MOCA tokens as a result. Additionally, partners like MyAnimeList will want to engage with a large number of Mocaverse users. In order to advertise in the Mocaverse ecosystem, apps need to stake MOCA tokens. Staking MOCA can improve the distribution and coverage of apps on the platform, similar to the SaaS model. The more MOCA staked, the wider the range of services Mocaverse provides. In the most recent game release, the Mocaverse distribution engine attracted more than 90,000 users to try the BlockLords game within a week. The distribution of MOCA tokens is designed to balance short-term needs with long-term growth and sustainability. The specific distribution is as follows: Network Incentives (31.5%): used to promote community interaction and incentivize users to participate in the ecosystem. Ecosystem and Treasury (20%): Reserved for scaling projects and supporting overall ecosystem development. Strategic Partners (13%): Allocated to strategic partners related to network growth. Team (12%): Support the Mocaverse team’s efforts to develop and maintain the network. Liquidity (10%): Provide liquidity for tokens and ensure market stability. Operating expenses (5%): used to cover the operational costs of running and managing the network. Early Contributors and Advisors (7%): Rewards contributors and advisors who have supported the project since its launch. Community Sale (1.5%): Promote community participation through public sale of tokens to community members. SWOT Analysis Advantages: Uniquely Large Ecosystem: Animoca Brands owns the world’s largest portfolio of web3 gaming and crypto cultural assets. Animoca’s extensive partnerships uniquely position it to build the distribution and identity layers that integrate these projects. Partnerships: Mocaverse does not compete with existing L1 and L2 blockchain protocols, but encourages chain agnosticism, interoperability, and inclusiveness, attracting more web3 gaming and crypto communities to collaborate. Experienced Leadership Team: Yat Siu and his team have successfully built a multi-billion dollar company, Animoca Brands. Disadvantages: Complexity of getting started: Although the Realm SDK aims to simplify the user experience, it is still challenging for non-crypto users to get started. Regulatory uncertainty: The complex global regulatory environment may affect the promotion of digital identities and wallets. Unproven business model: The scaled profit model of the web3 digital identity system is still unclear. Chance: Web3 game explosion: A large number of new web3 games will be released in the next 12 months, and Mocaverse may become the main distribution channel for these games. Financialization of online communities: Mocaverse may evolve into a new type of social platform that integrates digital identity and financial capabilities. Flywheel effect: More users and applications enter the platform, forming positive feedback and attracting more projects and users. threaten: Competition from web2 and web3: Apple and Google Play Store may launch crypto integration services. Technical challenges: Integration with multiple blockchains may pose a technical burden in the short term. Timing uncertainty: web3 gaming and the metaverse are still in their early days and may take longer to achieve mass adoption. Valuation The MOCA token was recently listed on major exchanges such as KuCoin, Gate and Bitget, with an initial trading price of $0.088, reaching a high of $0.143 (+63%), and currently falling back to around $0.09. in conclusion Mocaverse is expected to become the backbone of the new digital society by integrating financial services, social interactions and personal identity.
Neo Tokyo, a renowned play-to-earn gaming platform and the company behind the popular Neo Tokyo non-fungible token collection, has partnered with Unfungible, another non-fungible token project, and a web3 growth consultancy agency, to bolster blockchain-based gaming within its ecosystem. The joint team anticipates bringing masses into non-fungible token-based gaming. Neo Tokyo Integrates Unfungible NFT In an October 10 blog post, Neo Tokyo confirmed inking a strategic partnership with Unfungible to boost non-fungible token gaming within its ecosystem. Blockchain gaming has existed since 2017 and gained wider attention from the video game industry in 2021. Since then, NFT and Metaverse gaming has lost some footing among crypto players, with Neo Tokyo and Unfungible eying to reshape the future of Web3 gaming. Launched in October 2021, Neo Tokyo is a non-fungible token collection featuring a limited supply of 2027 NFTs that draws inspiration from the popular 1987 anime Neo Tokyo. This collection of NFTs, used to create digital representations of real-world objects like art, music, and even people, was created by Alex Becker and Elliotrades, both popular YouTubers with a large community following. Neo Tokyo NFT was launched without any pre-sales campaign and rapidly grew to become the leading NFT project in the NFT market. The team behind the Neo Tokyo NFT project aims to create a gaming community that encourages a culture of long-term engagement. To achieve this objective, the Neo Tokyo NFTs bring together software developers, token founders, venture capitalists, and game builders who are strongly interested in metaverse gaming. Neo Tokyo And Unfungible Integration Explained To bolster metaverse gaming within its ecosystems, Neo Tokyo has partnered with Unfungible, one of the leading NFT projects, and Web3 growth consulting agencies specializing in crafting organic community-building strategies that convert into revenue. To start its strategic partnership, Neo Tokyo will launch a brand-new weekly Gaming X Space, where they dive into all things Web3 gaming. Neo Tokyo has vowed to share more information about their partnership. Related NFT News: ZachXBT Doxes Wallets Linked To Controversial Crypto & NFT Influencer Murad NFTs Are Mooning Again – Here’s The Five Top NFT Gainers Today, October 9 Mocaverse And Square Enix’s Symbiogenesis Launch Their First NFT Game
Mocaverse, the digital asset company behind the Mocaverse, an Animoca Brands membership non-fungible token collection, has partnered with Squire Enix’s first NFT collectible project, Symbiogenesis, to launch their first non-fungible token game since their official partnership earlier this month. This highly anticipated NFT game has gone live on-chain and is available on desktop and mobile. Mocaverse And Square Enix Launch Their First NFT Game In an October 8 blog post, Mocaverse and Square Enix’s Symbiogenesis confirmed launching their first NFT project since their official collaboration earlier this month. Mocaverse, the overarching web3 umbrella for Animoca Brands, announced a partnership with Square Enix’s first NFT collectible project, Symbiogenesis, last week, aiming to streamline user onboarding from web2 to web3. Launched in March 2023, the Mocaverse is an NFT collection from popular web3 company Animoca Brands. This NFT project consists of a limited edition of 8,888 PFP (profile picture) NFTs, referred to as Mocas. The NFT collection gives the holder exclusive access to Animoca Brands’ ecosystem. Therefore, when any NFT launches, only people who hold Mocaverse NFTs can mint them. On the other hand, Square Enix is a multinational holding company, video game publisher, and entertainment conglomerate. The gaming company is renowned for releasing some of the best role-playing game franchises, including its famous story-driven web3 game Symbiogenesis. Square Enix is the team behind Symbiogenesis, a non-fungible token collection featuring a fixed edition of 10,000 NFTs that allows holders to participate in the game. Mocaverse And Squire Enix Integration Under the new integration, the Mocaverse and Square Enix’s Symbiogenesis have launched their first NFT game. The new skilled-based game features seven missions, allowing players to win up to 625 Realm Points, loyalty points for Moca ID NFT holders. These Realm points will be later converted into MOCA Coin, an Omni-chain native crypto token launched by the MOCA Foundation. To kick off these missions, the Mocaverse team requires gamers to visit its website and click “GAME” to launch the game, which is available on both desktop and mobile. Players can then sign up or log in using Discord and follow the setup flow. From that point, gamers must follow the on-screen instructions to log in or mint their Moca ID. Once their game accounts are linked, they can visit the Mission page to claim their Realm Points (RP). The Mocaverse and Square Enix game will be launched in the Mocaverse, an infrastructure universe designed to unite various cultural economies and maximize network effects. Developed by Animoca Brands, Mocaverse integrates sectors like sports, gaming, music, and more into one unit. The new in-game will see gamers moving from Teleport to the Floating Continent, the last known safe haven on Earth for humans. Their journey will start with RP Missions at the Land of Salvation. Related NFT News: NFT Sales Soar 18% In The Past 7 Days, As DMarket NFTs Explode +1,000% In Sales Magic Eden Partners With Ubisoft To Launch A New NFT Game On Arbitrum Breaking: Daily NFT Sales Jump +440% To +$72M After A Punk NFT Sold For +56M
What is Phaver (SOCIAL)? Phaver (SOCIAL) is a decentralized social media platform that puts control back into the hands of users. Unlike traditional platforms where large corporations own the content, Phaver uses Web3 technologies to ensure that users have ownership of their posts and data. Web3, often referred to as the next generation of the internet, focuses on decentralization and Blockchain technology, giving people more control over their online experiences. Phaver aims to blend the best features of social media with the benefits of blockchain, creating a more open, secure, and transparent platform. It offers a space where users can share, discover, and interact with content, but with a fundamental difference - users truly own their content, and they have the ability to earn rewards for their contributions. Who Created Phaver (SOCIAL)? Phaver was co-founded by a talented team of professionals, each bringing years of experience in their respective fields. Let’s take a closer look at the key players behind this platform: ● Joonatan Lintala, Phaver’s CEO, co-founded the platform. He previously worked at Google and was employee number seven at Smartly.io, where he built and led global sales teams. Joonatan played a crucial role in expanding the company's operations into the U.S. market. He also serves as a board advisor to Shook Digital, a TikTok marketing partner, and Pomar, a shoe brand. ● Tomi Fyrqvist, Phaver’s Ecosystem CFO, co-founded the platform and brings a wealth of financial expertise. He has worked at Goldman Sachs, Alibaba, and AXA Ventures Partners. Tomi also led global business development at Daraz, an Alibaba-owned e-commerce company in South Asia. ● Carlo Hyvönen, the CTO and another co-founder, has over a decade of experience as a full-stack developer. Before co-founding Phaver, he worked at Veikkaus, a real money gaming company, where he led machine learning efforts and developed a recommendation system for over two million customers. ● Tom Hämäläinen, Phaver’s Head of Analytics, also co-founded the platform. He previously co-founded Coinmotion, Finland’s largest crypto payment service provider. Tom has extensive experience in full-stack development and is skilled in Solidity, a programming language used for developing smart contracts on the Ethereum blockchain. What VCs Back Phaver (SOCIAL)? Phaver has attracted significant attention from investors, securing backing from several major VC firms such as PolygonVentures, Swissborg, NomadCapital, SymbolicCapital, Dao5, Foresight Ventures, Factor, AlphaNonce, and many more. How Phaver (SOCIAL) Works Lens Protocol Integration One of the standout features of Phaver is its integration with Lens Protocol, a decentralized social graph protocol built on the Polygon blockchain. Lens allows users to own and control their data, making it perfect for a platform like Phaver that focuses on user empowerment. With Lens, Phaver users can create profiles, share content, and interact with other users, all while maintaining full control over their data. When users post content on Phaver, it’s stored on the blockchain via the Lens Protocol. This ensures that the content is immutable (cannot be changed or tampered with) and that the user has true ownership of their posts. This is a significant departure from traditional social media platforms, where the company behind the platform typically owns user content. Farcaster Integration Phaver also integrates with Farcaster, a decentralized social network protocol that aims to provide a more open and flexible framework for online interaction. Farcaster gives users more freedom in terms of how they interact with the platform and ensures that users can maintain control over their identity and content across different dApps. With Farcaster, Phaver users can easily connect with others in the decentralized social space, extending their reach beyond just the Phaver platform. It also provides more flexibility in how users share and interact with content, further enhancing the decentralized social experience. Mocaverse Integration Another exciting integration on Phaver is with Mocaverse, an NFT-powered ecosystem by Animoca Brands. Mocaverse offers a unique feature by allowing users to share content through NFTs, adding another layer of ownership and monetization for users. This means that Phaver users can mint their content as NFTs and potentially sell or trade it, opening up new revenue streams and making the content creation process more valuable. NFTs on Phaver serve as a unique form of social currency, giving users the ability to create and own rare digital items while building a more interactive and engaging community. Cyber Integration Phaver is also connected with Cyber, a Web3 search engine that focuses on decentralization and privacy. Cyber allows Phaver users to discover content and interact with other users through decentralized search functionalities. Unlike traditional search engines that rely on centralized algorithms, Cyber ensures that search results on Phaver are transparent and free from manipulation. This gives users more trust in the content they find and allows for more authentic interactions. Sharing Content On Phaver, sharing content is at the heart of the platform’s user experience. With integrations like Lens Protocol, Farcaster, and Mocaverse, Phaver allows users to share various forms of content, whether it’s text, images, videos, or NFTs. Since the content is stored on the blockchain, users maintain ownership and control over what they post. Additionally, the decentralized nature of Phaver ensures that there’s no censorship or content manipulation by a central authority. This gives users more freedom to express themselves and share ideas without the fear of their content being removed or altered by a third party. Discovering Content Discovering content on Phaver is also a unique experience compared to traditional social media. With the integration of Cyber, users can search for content in a decentralized and transparent way. This ensures that the content they find is authentic and not influenced by algorithms that prioritize ads or paid content. Phaver’s discovery features also allow users to explore content across different dApps and protocols, making it easier for them to connect with others in the Web3 space. This cross-platform integration enhances the overall user experience and creates a more interconnected and decentralized social ecosystem. In-App Tokenomics Phaver’s in-app tokenomics are designed to reward users for enhancing the app experience. Users can earn points by creating and curating content, similar to liking or upvoting posts in other apps. This includes "casting points" to make posts more visible to others. Soon, users will also be able to cast points on their own posts to boost their reach. To ensure fair participation and prevent cheating or people making multiple accounts to gain more points, Phaver requires users to meet certain criteria before they can redeem their points for Phaver Tokens. Additionally, Phaver Cred, a credibility score, is assigned to users based on their on-chain assets like NFTs. These assets are unique and hard to fake, making it more difficult for people to manipulate the system. Phaver Cred also determines a user’s level in the app, which is similar to how frequent flyer programs work. Higher levels unlock special perks, like access to free stakes and a higher monthly limit for redeeming points into tokens. This system is designed to discourage harmful behavior, like farming points, and instead rewards users who are genuinely active and contributing positively to the platform For brands and projects, Phaver is expected to introduce advertising features in 2024. Brands will be able to purchase points to boost their visibility in the app. These points can be bought using Phaver’s native tokens, and a portion of the revenue from fiat payments will be used to support token demand. In addition to earning points, users can also buy and hold Phaver Tokens, known as SOCIAL. Holding SOCIAL provides benefits like higher credibility scores, increased point-to-token conversion limits, and access to exclusive perks, such as VIP support and early access to new features. Phaver users can also buy points with SOCIAL tokens, which is often more affordable than using traditional in-app purchases. This helps create a demand for tokens within the ecosystem, encouraging users to hold and spend SOCIAL. Phaver has also launched its own NFTs, called "Phaver-Up NFTs," to strengthen its on-chain economy. These NFTs provide additional benefits like higher point rewards, exclusive features, and access to a gated community where users can receive direct support and early insights from the Phaver team. The NFTs were distributed through weekly auctions, and more than 17,000 users were eligible to mint them. SOCIAL Goes Live on Bitget Discover the potential of SOCIAL, the native token of Phaver, by trading it on Bitget today. SOCIAL tokens are integral to the Phaver ecosystem, offering holders exclusive benefits and access to unique features within the platform. As Phaver continues to innovate and expand its community-driven model, trading SOCIAL on Bitget provides an opportunity to participate in a vibrant digital economy. With SOCIAL, users can leverage its utility in purchasing advertising, boosting visibility, and accessing premium content on Phaver. Holding SOCIAL tokens also unlocks perks such as higher credibility scores, increased monthly redemption quotas, and VIP privileges. Bitget provides a secure and user-friendly platform for trading cryptocurrencies, ensuring a seamless experience for both new and experienced traders. Take advantage of Bitget’s advanced trading tools and liquidity to capitalize on SOCIAL’s potential growth. How to Trade SOCIAL on Bitget Listing time: September 24, 2024 Step 1: Go to SOCIALUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Trade SOCIAL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Magic Eden, a prominent multi-chain non-fungible token market platform, has partnered with Mocaverse, a non-fungible token project from the game software company and venture capital company Animoca Brands, to launch a non-fungible token launchpad. In this article, we shall assess more about this strategic partnership. Magic Eden And Mocaverse Join To Launch An NFT Launchpad In a September 17 blog post, Magic Eden confirmed partnering with Mocaverse to launch a non-fungible token launchpad duped MagicMoca. The newly launched platform is exclusively for the Mocaverse NFT community and is designed to facilitate access to curated gaming and IP NFT project launches. MagicMoca will tap into the Moca Network and its funnel of upcoming NFT projects from Animoca Brands. Launched in September 2021, Magic Eden is one of the leading multi-chain NFT marketplaces supporting non-fungible token collections created on the Solana, Ethereum, Polygon, and Bitcoin blockchain networks. It has rapidly grown to become one of the most prominent NFT market platforms on the Solana blockchain network, where it was initially launched. Magic Eden enables users to create, buy, sell, and collect NFTs. The NFT marketplace features several products, including a Launchpad, which allows creators to develop and trade digital item collections on the Magic Eden site instead of hosting them on their infrastructure. Magic Eden also has a crypto wallet that offers a user-friendly and secure custodial experience. On the other hand, Mocaverse is a non-fungible token project launched by blockchain gaming giant and NFT infrastructure provider Animoca Brands. Mocaverse NFT collection features a limited edition of 8,888 NFTs of characters called Mocas hosted on the Ethereum blockchain network. Mocaverse was created to fuse Animoca Brands’ crypto projects, subsidiaries, joint ventures, and partners through a unique NFT collection. MagicMoca NFT Launchpad Overview Magic Eden NFT marketplace and Mocaverse announced their new NFT launchpad during the Token2049, a global web3 event organized annually in Singapore and Dubai, where decision-makers in the crypto ecosystem connect to exchange ideas. While commenting about the new strategic partnership, Jack Lu, the CEO and co-founder of Magic Eden, remarked: “It’s been a great experience partnering with Mocaverse and bringing this launchpad to life. Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.” In turn, Kenneth Shek, Mocaverse lead, commented: “Mocaverse welcomes Magic Eden to the Moca Network, where we share the same vision to accelerate consumer crypto by using NFTs as the touchpoint for day to day consumers. Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities. Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin.” MagicMoca will launch later in Q3 2024. The NFT launchpad will be the first co-branded NFT launchpad to curate high-quality NFT projects from key cultural verticals such as gaming, sports, IP, and others for holders of Moca NFTs and Moca IDs. MagicMoca will adopt MOCA Coin as its primary currency for sale activities. In addition, Magic Eden will enable Moca ID users to participate in the highly curated NFT launches and build their on-chain reputation with NFTs. Related NFT News: SEC Fines Flyfish Club $750K For Selling Unregistered Securities In The NFT Market DeGods NFT Creator De Labs Launches A New Crypto Token $DeGods – Here’s More Details NFT Sales Soar 3% This Week, As NFT Buyers And Sellers Surge By Over 450%
Hong Kong-based Animoca Brands has joined forces with NFT marketplace Magic Eden to launch a new platform called MagicMoca, designed for the launch of non-fungible tokens (NFTs). This collaboration is focused on bringing high-quality NFT projects to the Mocaverse community, navigating through the ongoing challenges and growing regulatory scrutiny in the NFT market. The MagicMoca launchpad is scheduled to debut in Q3 2024 and will concentrate on curated NFT projects in sectors such as gaming, sports, and intellectual property (IP). The platform will be exclusive to holders of Moca NFTs, MOCA Coin, Moca IDs, and members of the Magic Eden community, with MOCA Coin (CRYPTO:MOCA) being the primary currency for NFT transactions on both MagicMoca and Magic Eden. Magic Eden will integrate Mocaverse products, allowing Moca ID users to take part in significant NFT launches and build their reputations on-chain. As part of the integration, Magic Eden will offer a "Diamond boost" in its Rewards program to incentivize users who buy or list MagicMoca NFTs. Kenneth Shek, the lead for Mocaverse, noted that the partnership is designed to utilize their combined network to curate top-tier projects for both communities. However, the NFT market faces substantial challenges, with many projects becoming inactive due to issues such as scams and wash trading. MagicMoca aims to tackle these concerns by focusing on high-quality NFT projects that can generate genuine interest and active participation. This partnership also comes at a time of regulatory uncertainty, especially in the United States, where the Securities and Exchange Commission (SEC) has issued a Wells Notice to OpenSea, suggesting that NFTs might be regulated as securities.
Last updated: September 17, 2024 11:52 EDT Mocaverse has partnered with Magic Eden to launch MagicMoca, a non-fungible token (NFT) launchpad utilizing MOCA Coin. Introducing MagicMoca, a custom NFT Launchpad built in partnership with @moca_network 🪄 MagicMoca will tap into the Moca Network and its funnel of upcoming NFT projects from @animocabrands . We’ll also be adding $MOCA as a preferred way to mint + collect. pic.twitter.com/ws8AwmtZlY — Magic Eden 🪄 (@MagicEden) September 17, 2024 According to a statement shared with Cryptonews.com , the collaboration seeks to integrate MagicMoca into the Mocaverse ecosystem with MOCA Coin as the primary currency for NFT transactions. MagicMoca: A New NFT Launchpad Bridging Gaming, Sports, and Culture MagicMoca will serve as a co-branded NFT launchpad, specifically designed to cater to the Mocaverse community and Magic Eden’s user base. The NFT launchpad will focus on selective projects from various cultural sectors, including gaming, sports, and intellectual property. The new NFT launchpad will offer users priority access to upcoming NFT drops from Animoca Brands , the parent company behind Mocaverse. “Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities,” said Magic Eden co-founder Jack Lu. This partnership not only focuses on launching the NFT launchpad but also intends to strengthen community engagement and broaden their reach. Strengthening Engagement: MagicMoca’s Plan to Expand and Innovate Magic Eden’s involvement allows for the integration of Mocaverse products, such as Moca IDs, into its existing ecosystem, which allows users to build on-chain reputations and participate in exclusive NFT launches. To encourage adoption, Magic Eden plans to offer incentives through its Rewards program, giving users a “Diamond boost” when they purchase or list MagicMoca NFTs on the platform. The official launch is set to go live in the third quarter of 2024. “Together, Mocaverse and Magic Eden will leverage Mocaverse’s network effect to curate projects launching NFTs exclusively for both communities,” stated Mocaverse lead Kenneth Shek. “Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin,” added Shek.
The market capitalization of all fungible tokens stands at more than $2 trillion as of Sept. 16. Of that total, altcoins — cryptocurrencies other than Bitcoin ( BTC ) and Ethereum ( ETH ) — have gained around $240 billion in combined market value over the last 12 months. Despite this powerful overall growth, the majority of new tokens launched in 2024 have performed poorly and failed to gain sufficient traction. Why haven’t new tokens gained value in a manner similar to their predecessors? One word: attention. The market cap for altcoins is up because it comprises a stunning number of new tokens that were launched in 2024. However, this abundance of tokens has also greatly diluted attention for individual altcoins, causing fragmented liquidity that in turn produces weak price performance post-listing. Increase in market capitalization for Bitcoin and Ethereum between September 2023 and September 2024. Source: Animoca Labs The market cap of altcoins grew by more than 70% in one year, which is in line with the two main cryptocurrencies. The obvious difference is that, while Bitcoin and Ether are single currencies, there are millions of different altcoins, each contributing to the altcoin market cap. The dominance of bitcoin and ether (the market share of those cryptocurrencies compared against altcoins) remained fairly stable throughout the year. Bitcoin market dominance from November 2023 through September 2024. Source: CoinMarketCap But on an individual level, most altcoins launched in 2024 performed poorly. Much of the discussion about this problem has focused on the negative impact on token value resulting from excessively high fully-diluted values (FDVs) and low circulating supply, or the divide between venture capital and retail investors. However, at least one analysis — by Dragonfly Managing Partner Haseeb Qureshi — found insufficient evidence to conclude that the poor performance of altcoins in 2024 could be ascribed to those factors. In a saturated market, attention is the new currency The total number of altcoins has increased by 107% in one year, growing from 1.69 million tokens as of August 2023 to over 3.5 million tokens today. In stark contrast, the crypto user base has grown far less rapidly over the same period. Global crypto ownership increased by 33% from 2023 to 2023 — from 420 million people to 562 million. Related: Starknet is ditching offchain polling, and it will make tokens count So we’re looking at a situation in which the offering of altcoins has more than doubled while the addressable audience increased only by a third. Consumer attention has been greatly diluted. This abundance of altcoins and the resulting dilution of attention are not particularly unusual in a growing market. For example, in the early days of the Web, a veritable plethora of IRC chat rooms, message boards and websites sprang up, all of them competing for traffic and diluting the attention of a burgeoning audience. Today’s profusion of altcoins means that awareness has become a highly competitive matter for all altcoins, not just new ones — tokens launched prior to 2024 have also suffered a dilution in attention and (consequently) value. Tokens with institutional investors outperform the competition Well-performing tokens in 2024 tend to have significant institutional interest from liquid funds. Liquid institutional investors invest via the open market, as opposed to investing at the startup stage the way that VC firms do, and as such can have a notable impact on the performance of altcoins. Altcoins such as TON ( TON ), SOL ( SOL ), XRP ( XRP ), BNB ( BNB ), ADA ( ADA ), TRX ( TRX ), AVAX ( AVAX ), SUI ( SUI ), and MOCA are examples of tokens with institutional support. That support can help altcoins to offset the dilution of attention in a teeming market. Institutions are discerning and disciplined in how they invest, and try to zero in on fundamental long-term prospects rather than investing in short-term outlooks such as those of many altcoins (and definitely most memecoins). This institutional participation makes an altcoin stand out from the crowd and instills greater confidence among retail investors. As opposed to the current environment of diluted attention and fragmented liquidity, institutional liquid funds could bring improved attention, focus and liquidity to altcoins. Related: Choke Point 2.0 is hurting Kamala Harris' 'crypto reset' Institutional investors also have the capacity to deploy significantly more capital and on a longer time horizon than retail investors, and this can contribute to enhancing price stability in the market. Altcoins that lack institutional support tend to be subject to greater volatility. At Animoca Brands, we have provided institutional support for projects and initiatives including by participating in the Hong Kong Monetary Authority’s stablecoin issuer sandbox (with Standard Chartered and HKT); partnering with Saudi Arabia’s NEOM; investing in TON; and investing in Mocaverse — specifically with MOCA Foundation’s launch of MOCA Coin, has received support from other institutional investors. Our aim is to equip our supported projects with essential capabilities. We have also expanded our investment mandate to include tokens already listed, with an emphasis on tokens from our portfolio of Web3 investments. The current market presents significant opportunities for launched altcoins with solid institutional appeal and capability, and they stand a far greater chance of success amid the shifting market dynamics. There is room for more institutional investment There is room for institutional investment in crypto to grow. Institutional investors dominate the US equity market, where they hold 80% of the large-cap S&P 500’s market capitalization. This contrasts strongly with the more diversified Web3 market, where the institutional footprint is still low and concentrated on Bitcoin. As of June, 77% of institutional asset managers had allocated just 5% or less of their funds to cryptocurrencies and related assets, with a preference for registered vehicles. EY-Parthenon research estimates the percentage of fund allocation into cryptocurrencies, digital assets, and related crypto funds/products. Source: EY-Parthenon Consider that Bitcoin's market cap is around $1.1 trillion — while Bitcoin ETFs represent less than $80 billion. This disparity highlights both the need and the opportunity for Web3 to foster a more balanced market, one where institutional holdings might reach around 50% of the Web3 market. Greater institutional participation could engender greater trust in Web3 projects while introducing substantial new long-term capital. Web3 projects that are capable of attracting institutional interest will stand out in this crowded market, providing one important pathway to overcoming the problem of attention dilution. We believe that financial institutions are essential in Web3, just as they are in other industries, and Web3 projects that seek meaningful long-term success would be well advised to pursue strategies that enable them to secure institutional participation. Yat Siu is a guest columnist for Cointelegraph and the co-founder and executive chairman of Animoca Brands, a Web3 leader with more than 540 investments in the sector. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Mocaverse targets a Q3 2024 date for the unveiling of MagicMoca, its new NFT launchpad. The Animoca Brands’ premier consumer platform said it will be teaming up with popular NFT marketplace Magic Eden in the launch. According to the announcement, MagicMoca will showcase the finest NFT projects serving different niches in the Mocaverse and Magic Eden communities. These include sports, IP, and gaming, among others. The launchpad will use the Moca Network’s scale to channel new NFT projects from the Animoca Brands’ stable. Furthermore, Mocaverse customers will use MOCA coin, the platform’s native crypto, to complete their MagicMoca transactions. Similarly, Magic Eden has agreed to set the coin as one of its preferred payment means. It will also accommodate Mocaverse Products, enabling Moca ID holders to participate in select NFT launches while building their on-chain standings using those digital collectibles. Mocaverse and Magic Eden will curate the best NFT projects for their communities Both parties have expressed their enthusiasm for MagicMoca’s imminent launch. For instance, Mocaverse’s Lead, Kenneth Sheck, welcomed Magic Eden to its fold, stressing their shared vision of accelerating consumer crypto usage with NFS. Sheck said: Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities. Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin. ~ Kenneth Sheck For his part, Magic Eden’s CEO and co-founder, Jack Lu, hailed the development as a great partnership experience. He reiterated that the collaboration would benefit their and Mocaverse’s communities alike. See also Miners ditch Bitcoin for AI as energy costs surge Lu also affirmed that their priority would be to find ways to expand the reach of non-fungible tokens. Thus, Magic Eden’s collaboration with Mocaverse would allow its users to access Animoca Brands’ ecosystem, a boon for both communities. The collaboration is expected to drive Web3 adoption through curated NFT experiences The collaboration between Mocaverse and Magic Eden represents a significant step forward for both communities. It offers users a curated selection of NFTs while leveraging the scale of the Moca Network. Mocaverse is Animoca Brands’ main project, seeking to become the platform of choice for Web3 customers. It is building the Moca Network, drawn from Animoca’s portfolio of 540 companies. Moca is a web of networks with a single access point supporting partnerships to co-build Web3 onboarding applications. Its goal is to decentralize Web3 user adoption through reputation, IDs, interoperable wallets, and point systems.
Original source: AKEDO Games On the evening of September 2, TON Asia – Seoul came to a successful conclusion in Seoul, South Korea. As the first offline TON ecological event in Asia, this event attracted more than 1,000 TON ecological builders, more than 100 industry leaders, well-known institutions and more than 50 investors, including TON Ventures partners, OKX Ventures partners, TOP Asia Pacific Head, Tonkeeper CTO, etc., who witnessed this milestone event together and became one of the most popular events during KBW. Event Highlights: · As the first offline TON ecological event in Asia, TON Asia – Seoul attracted 1,300+ registered users and more than 1,000 spectators, becoming one of the most popular events during KBW. · The event brought together 150+ TON ecosystem industry leaders and well-known institutions to discuss the development direction of TON ecosystem in depth and demonstrate the unlimited potential of TON ecosystem. · The event received more than 1,000,000 exposures on social media, further expanding the influence of TON ecosystem. The event was hosted by TON ecosystem game platform AKEDO Games and jointly supported by TOP (The Open Platform), Tonkeeper, OKX Ventures, TON Ventures, Foresight Ventures and Mocaverse. OKX Wallet, 071Labs, Foresight News, Rhythm and CoinNess were co-organizers, and INFCL and TON Korea Society communities provided strong support. Special thanks to all partners for their great help! Exciting event content: This event included 2 keynote speeches, 2 roundtable discussions and on-site networking, bringing together many heavyweight project parties to discuss the future development of the TON ecosystem. Keynote Speech: [Keynote 1] TOP APAC Chief warmly welcomed all participants in his opening speech, and with the theme of "TOP For Business", he elaborated on TOP's investment and empowerment strategy in detail, and sincerely invited TON ecosystem builders to join in the celebration. [Keynote 2] Tonkeeper CTO Oleg took "Tonkeeper" as the theme and gave an in-depth introduction to the core functions of Tonkeeper, including Signer, Battery, Pro, and platforms such as tonconsole.com and tonviewer.com, showing the innovative power of the TON ecosystem. Roundtable Discussion: [Panel 1: Leveraging Infrastructure to Catalyze TON Ecosystem Momentum] The discussion focused on how infrastructure can drive the development of the TON ecosystem. Guests had in-depth exchanges on the current state of the industry and future trends. Roundtable Guests: · Oleg, CTO of Tonkeeper · JT, Head of Asia Pacific at TOP · Anton, CEO of Helika · David, co-founder of TONScale Labs · York, Chief Investment Officer of Generative Ventures [Panel 2: Gaming the Future: Harnessing the Power of TON for Next-Gen Social Experiences] Discussing the potential and development of future TON ecosystem games, the guests shared their cutting-edge views on gaming and social experiences. Roundtable Guests: · Inal, Partner of TON Ventures · EZ, Global Ambassador of AKEDO Games · Tyler, Head of Projects at Mocaverse · Kai, Chief Communications Officer at Yescoin · Degenie, Chief Marketing Officer at Blum · Aaron, Founder of Magico · Paul, Head of BD at Carv The TON Asia – Seoul event not only explored and demonstrated the innovative achievements and future development direction of the TON ecosystem, but also injected new vitality into the development of the TON ecosystem. In the future, AKEDO Games, the TON ecosystem gaming platform, will continue to work with partners to jointly promote the vigorous development of the TON ecosystem! Looking forward to the next stop of TON Asia: TON Asia – Singapore The next stop of TON Asia will be held in Singapore, continuing to provide TON ecosystem builders with opportunities for face-to-face communication, cooperation and innovation. Friends from all walks of life are welcome to register and participate here to witness the new chapter of TON ecology together! This article comes from a contribution and does not represent the views of BlockBeats
TON Accelerator has debuted a new incubation program. The program’s launch followed TON’s remarkable growth in 2024. The program will target five “promising” crypto startups. TON Accelerator has launched a new incubation program, TON:Acc, for promising crypto startups building on The Open Network (TON) blockchain. The program’s debut follows the network’s considerable growth in 2024 amid challenges. Per DeFiLlama, TON’s total value locked (TVL) surged from $13.5 million in January to over $350 million in September as the number of its active addresses surpassed Ethereum’s. At the same time, TON suffered two outages in August due to a spike in transaction volume following the meme coin DOGS launch. TON Accelerator’s New Incubation Program Despite the challenges, TON Ventures is keen to support the network’s growth by providing financial support and strategic guidance to five high-potential projects in the TON ecosystem, enabling them to bring their ideas to fruition and navigate the market effectively. Sponsored According to a September 3 statement , the five projects will receive an investment of up to $2.5 million through the incubation program, after which TON Ventures will provide them with comprehensive support over the next three months. This includes access to essential knowledge, resources, and networking opportunities with TON Ventures’ partners. “TON:Acc will help projects find a clear route to market, providing them with the funding, expertise, and support they need to become the next billion-dollar project on TON.” Sophia Rusconi, Head of TON Accelerator, said. Per the statement, TON Ventures will further bolster the program with the launch of a new ecosystem incubation platform named TON: Acc Portal. The platform seeks to provide early-stage projects with better access to support while giving investors a chance to back them. Stay updated on how TON is bringing Web3 to a billion Telegram users: How TON is Bringing Web3 to a Billion Telegram Users: Report Read about TON Foundation’s partnership with Mocaverse: TON Foundation Taps Mocaverse in a $20M Strategic Initiative
Despite the slower market growth, the summer of 2024 saw several high-profile crypto launches. Some of the projects in the past three months managed to achieve listings and even bring net gains. The summer of 2024 featured several long-awaited airdrops. Token farming and airdrop projects were one of the sources for new token generation events, for those not interested in the meme token market. The current season of airdrops is for much smaller projects, after the earlier launch of L2 platforms like Arbitrum and Optimism. Airdrop farming became harder in 2024, with more involved tasks and unpredictable token allocations. Despite this, LayerZero (ZRO) became one of the high-profile launches, moving in a price range between $3 and $4 with daily volumes of at least $50M. ZK was the other big token launch, starting off to a controversy with what was considered unfair airdrops. The ZKSync platform and the native token even crashed at one point, as the community protested that most new tokens were awarded to Sybill attackers. ZK corrected since its launch at $0.27, though it retained a $2.3B market cap. ZK is also fully diluted, currently trading at $0.11. LayerZero and ZKSync were among the most ambitious projects. LayerZero worked on the problem of interoperable chains, while ZKSync aimed to build real zero-knowledge rollups to scale Ethereum. See also UAE crypto salary ruling a recognition of contractual agreement more than a validation of crypto Newly listed tokens bring back AI, Web3 narratives Aethir (ATH) is the third-largest token, bringing a new decentralized computing service for gaming and AI. ATH trades at $0.57, after peaking around $0.87 in July. The other AI-themed token in the mix is IO, aiming to launch another decentralized computation resource. IO traded for the past two months, stabilizing around $1.90 . The next biggest token, Taiko (TAIKO) brings a new model of Ethereum scaling. The new L2 has bridged around $100M in value from Ethereum. The Taiko project appeared first in the summer of 2024 and has already built a small Layer 2 economy. Taiko has also grown into an ecosystem of DEX and liquidity pools, though still carrying limited locked value . The tokens launched in the summer of 2024 achieved significant diluted valuations. Overall, the airdrops and launches created eight new “crypto unicorns” with a valuation above $1B. Another seven tokens went below the cutoff range, but contained high-profile memes and Web3 features. The remaining tokens with valuations under $1B contained three relatively recent meme assets. DOGS, Sundog, and Simon’s Cat (CAT) only arrived in August, but still found a place among top 15 launches for the summer. MOCA, or the Mocaverse token, was also a long-awaited addition, aiming to revive the Web3 narrative. The MOCA token is tied to a project of virtual identity, gaming, and NFT. MOCA launched as an Ethereum token in July. See also Gate partners with Serie A champs Inter Milan as Sleeve Partner Avail (AVAIL) is yet another Web3 layer offering scalability to third-party projects. The AVAIL token sank to lows of $0.09, but has since recovered to $0.13. AVAIL is also a fully diluted token, currently building up to $5M in daily trading volumes. Token launches mostly driven by memes Token launches in 2024 faced the competition of meme trading, obscuring some of the more prominent utility projects. Overall, the meme token frenzy led to the creation of more than 5,000 tokens per day on average. The early bull market also saw attempts to continue launching new utility projects and platforms. VC funding continued to incubate crypto startups, though some have delayed their token generation event. Large-scale protocols like Base and the Polymarket prediction market are for now tokenless. As of April, the market had seen the launch of 2.5M tokens, of which more than 99% would fail. Statistics show more than 10K active digital assets as of August 2024. The millions of meme tokens are meant to fail, but there are still projects aiming for representation on centralized exchanges. Data by Statista reveals that in 2024, the total number of tokens is the highest for the past two years, and is comparable to the market peak in early 2022. Overall, Coinmarketcap listed an additional 500 tokens out of all new launches. More than 90% are meme tokens that managed to accrue liquidity, with some attempts to launch utility platforms.
Golden Finance reported that Web3 AI game publisher Pentagon Games announced the completion of a $6 million seed round of financing, with participation from Animoca Brands, Binance Labs, Hyperedge, NFX, Polygon, Republic, Spartan, Tess Ventures and Yield Guild Games. The specific valuation information has not been disclosed. Pentagon Games hopes to change the traditional gaming industry and create an immersive and rich gaming experience based on zkEVM and using advanced technologies such as augmented reality, virtual reality and artificial intelligence. The new funds are intended to be used to develop various types of games and intellectual property.
Original title: H1 2024: Analysis of Global Web3 Job postings Original author: JAY JO, YOON LEE, Tiger Research Original translation: TechFlow Key points · Bitcoin ETF postings surge after approval:After the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin ETF in January 2024, the number of global Web3 job postings rose sharply, up about 20% year-on-year in the first half of 2024. · Increase in job postings in Asia:Job postings in Asia have risen, further narrowing the gap with Europe. Singapore, India, and Hong Kong have been particularly active in recruitment activities. · Mainnet Job Postings in Asia:Although mainnet job postings in Asia have decreased since 2023, more and more global mainnets are expanding their recruitment in the region, highlighting Asia's growing importance in the Web3 space. 1. Introduction A company's job postings reflect 1) the execution of its strategy and 2) the demand of a specific industry, which can be used to predict future market activity. In this report, we analyze trends in global Web3 job postings to provide an overall insight into the Web3 market. This section of the report focuses on the state of Web3 job postings in the first half of 2024. The data is primarily sourced from Web3Jobs, a website that provides job listings in the Web3 space. 2. Trends in global Web3 job openings in the first half of 2024 Global Web3 job openings in the first half of 2024, source: Web3Jobs, Tiger Research 2.1. Changes in job openings since the approval of the Bitcoin ETF After the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin spot ETF in January 2024, job openings in the global Web3 market began to increase significantly. As expectations for market recovery rose, recruitment activities became relatively active. In the first half of 2024, the number of job openings increased by about 20% year-on-year, reflecting a significant increase in overall industry expectations compared to last year. However, the current job posting level is still lower than the peak in 2021/2022. This is mainly due to multiple factors such as market environment and technological innovation. First, the approval of Bitcoin ETF has a greater impact on the crypto trading and investment field than on the broader Web3 ecosystem. The increase in job postings mainly comes from crypto ETF management companies and exchanges, rather than Web3 projects. For example, job postings at crypto ETF management companies such as Grayscale increased to 28 in the first half of 2024, a four-fold increase from 7 in the first half of the year. Although job postings at crypto exchanges also increased, the change was not significant as these companies maintained stable demand. Second, the recent market recovery is driven by speculation rather than technological innovation. The market currently prefers speculative transactions such as meme coins rather than new technological trends. As we mentioned in our previous report, multiple meme coin projects with a market value of over $1 billion have emerged, attracting market attention. This trend indicates a lack of innovative progress that drives the industry forward. Given this short-term speculative trading culture, the actual demand for adoption in the Web3 industry is relatively limited. 2.2. June marks a return to a downward trend in job postings Since June 2024, we have observed a sharp decline in the number of job postings in the Web3 industry. This can be interpreted from two perspectives. First, the market environment may have deteriorated. Due to the pressure on the sale of Bitcoin by Mt. Gox and the German government, the decline in cryptocurrency prices, coupled with the subsequent decrease in trading volume, may have suppressed market sentiment. Second, this may also be a seasonal factor. Many companies usually temporarily suspend recruitment activities in June during the summer vacation season. Therefore, the decline in job postings may be a combination of the overall industry decline and seasonal factors. We need to keep a close eye on the job posting trends in the future to analyze this situation more accurately. 3. Web3 job openings by continent in the first half of 2024 (cumulative by month) Cumulative Web3 job openings by continent in the first half of 2024, source: Web3Jobs, Tiger Research Analyzing the job opening trends by region in the Web3 industry in the first half of 2024, the job openings are ranked as follows: 1) Remote work, 2) North America, 3) Asia, 4) Europe, 5) Middle East. It is worth noting that remote job openings are beginning to exceed those in North America. This change indicates that remote work is rapidly gaining popularity in the Web3 industry, reflecting its region-independent nature and indicating that work arrangements are becoming more flexible. Another notable change is the widening gap in the number of job openings between the Asian and European markets. Starting in the first half of 2023, Asia began to surpass Europe, and the gap continued to widen in the first half of 2024. As of the first half of 2024, Asia accounted for about 20% of the total job openings, while Europe accounted for about 15%. This trend clearly shows that the interest and activity of the Web3 industry is shifting to Asia. 4. Trends in Web3 Job Openings in Asia by Industry in the First Half of 2024 Web3 Job Openings in Asia by Industry in the First Half of 2024, Source: Web3Jobs, Tiger Research As of the first half of 2024, Web3 job openings in the Asian market were most active in the following regions: 1) Singapore, 2) India, 3) Hong Kong. Singapore remains the region with the most hiring, up about 23% from the second half of 2023. This growth is due to Singapore's clear regulatory framework and crypto-friendly business environment, making it an attractive market. Hong Kong opened its Web3 market in June 2023, and initially saw an increase in hiring as more Web3 companies entered the market. Many companies prepared to operate in Hong Kong by obtaining crypto licenses. However, the situation began to reverse when the Hong Kong Securities and Futures Commission (SFC) imposed a ban on mainland services for license applicants. In response, global exchanges such as Binance, OKX and HTX withdrew their license applications, resulting in a decline in overall hiring. As a result, hiring in the Hong Kong market fell by nearly 40% from the first half of the year, slipping to third place after India. 5. Web3 Job Posting Trends in Asia by Industry in H1 2024 In H1 2024, the number of job postings for cryptocurrency exchanges increased by approximately 45.6% compared to H2 2023. This increase is likely due to the rise in Bitcoin prices and the significant increase in cryptocurrency trading volumes, which has enhanced the profitability of the industry. The hiring trends for most crypto exchanges in 2023 remained consistent, with the main exchanges being 1) OKX and 2) Binance. Previously, Binance had more active hiring activities, but this trend changed after the U.S. Attorney’s Office filed charges against it in June 2023. In addition, Binance’s failed attempts to obtain licenses in multiple countries, including Abu Dhabi and the Netherlands, may also have led to a slight decline in its global hiring activities. Interestingly, while OKX's hiring levels were similar to the second half of last year, Coinbase's hiring increased significantly, from 39 in the second half of last year to 209 in the first half of this year. This surge may be related to the approval of the Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). According to previous reports by Kaiko, the approval of the Bitcoin ETF led to increased trading volume and liquidity on regulated exchanges in the United States. Coinbase seems to have benefited from this, resulting in a significant increase in job openings. 6. Mainnet job posting trends in the first half of 2024 Web3 job postings in Asia by mainnet in the first half of 2024, source: Web3Jobs, Tiger Research In the first half of 2024, the number of mainnet job postings in Asia decreased slightly compared to the second half of last year. However, it is worth noting that more mainnets have increased their hiring activity in Asia compared to last year, with Scroll.io targeting the region for 14 of its 20 H1 2024 job openings. Australia-based Web3 gaming mainnet Immutable has the highest absolute number of hires in Asia. Other major non-Asian mainnets such as Ripple, Aptos, and Avalanche also continue to show hiring demand in Asia. Although the absolute number of hires is not high, it is clear that mainnet participants recognize the business opportunities and potential of the Asian market. 7. Other notable job posting trends Source: Story Protocol Several notable hiring trends emerged in the first half of 2024. Story Protocol has attracted a lot of attention by announcing plans to launch a Layer 1 blockchain for the tokenization of intellectual property. They began actively hiring at the beginning of the year and made 16 hires in total. While Story Protocol is based in the United States, recent news indicates that they are also hiring a head of Korean operations. This indicates that Story Protocol plans to expand into the Korean market. Source: Mocaverse Animoca Brands is also hiring like crazy. After hiring only four people in the second half of 2023, they increased to nearly 40 people in the first half of 2024. Animoca Brands is hiring for multiple projects, including NFT project Mocaverse and Web3 chess game Anichess, and is also actively hiring for its investment business. 8. Conclusion In the first half of 2024, the number of job openings in the Web3 market increased compared to the same period last year, but it is still lower than the recruitment levels in 2021 and 2022. As the industry develops and the market grows, the increase in job openings is a natural trend. However, despite the large scale of growth in the Web3 industry, the number of job openings has not met industry expectations. This discrepancy is due in part to the Web3 industry’s preference for short-term consumer trends, such as meme coin trading and airdrops, rather than cultivating a sustainable ecosystem. To achieve sustainable growth, the industry needs a fundamental shift in discussion and the emergence of new technology trends. If this change fails to occur by the second half of 2024, the risk of stagnant industry growth will increase. Original link
A beloved arcade classic has been given a futuristic makeover. Early access has been granted for a select community to shape the game’s future. The game is slated to be free-to-play after the beta. A new twist on a classic arcade favorite is about to hit the gaming world. nWay , the studio behind high-octane multiplayer titles, has unveiled Cosmic Bomber, a fresh take on the Bomberman formula. This action-packed maze game is currently in a closed beta phase, exclusively accessible to holders of Moca IDs within the vibrant social hub Cosmic Club . The core gameplay of Cosmic Bomber is familiar to fans of the genre: players strategically place bombs to outmaneuver and eliminate opponents. However, nWay promises a modern take on the classic formula, incorporating elements of competitive multiplayer, unique character ownership, and a hybrid in-game economy. Cosmic Bomber Explodes Onto the Scene with Closed Beta While details about these features are still under wraps, the developers hint at a dynamic gaming experience with “seasons” that will introduce fresh content and challenges. The collaboration between nWay and Mocaverse is at the heart of this beta test. Sponsored Kenneth Shek, Mocaverse’s Project Lead, expressed enthusiasm for the partnership, stating, “We’re incredibly excited to partner with nWay to launch the beta of Cosmic Bomber exclusively to our Mocaverse community. This game combines the best elements of classic arcade action with modern innovations, creating an experience that is both nostalgic and refreshingly new. Cosmic Bomber will be a great addition to Cosmic Club, and its goal is to empower social interaction among Moca ID holders.” By launching the game within the Mocaverse community, the two companies aim to create a platform that fosters Web3 social interaction. Moca ID holders, a community of 1.79 million users, are the first to experience Cosmic Bomber and have the opportunity to earn rewards through gameplay and tournaments. “We are excited to welcome players to Cosmic Bomber! Our goal was to create a game that’s both familiar and easy to enjoy. With strategic, casual-style gameplay and a playful aesthetic, Cosmic Bomber offers fun-filled competition with the chance to earn exciting rewards. We can’t wait for players to dive into this thrilling adventure and pop their way to the top,” Steve Kuroki, co-CEO of nWay, stated. Cosmic Bomber Slated to Go Free-to-Play Following the closed beta, Cosmic Bomber is slated for a free-to-play release, opening the game to a wider audience. Moca IDs , which grant access to the Moca Network and various Animoca Brands projects, can be acquired for free through the Mocaverse website using a Moca NFT or an invite code. Sponsored As the game progresses through its development stages, anticipation is building among gamers and cryptocurrency enthusiasts alike. The combination of classic gameplay with modern features and the integration of Web3 elements has the potential to create a groundbreaking title in the gaming industry. On the Flipside The heavy emphasis on Web3 and Moca IDs might alienate traditional gamers unfamiliar with or disinterested in Blockchain technology. The initial excitement around a new take on a classic might wane if the game fails to deliver on its promises or lacks substantial innovation. The play-to-earn model, central to many Web3 games, has yet to demonstrate sustained profitability or widespread appeal beyond early adopters and crypto enthusiasts. Why This Matters By integrating Web3 elements into a popular game genre, Cosmic Bomber could potentially attract a wider audience to the crypto space, especially gamers. This could boost the crypto market by increasing user adoption and potentially driving demand for related cryptocurrencies and NFTs. To learn more about the new play-to-earn game Ton Game Banana and how it reached 1 million users in just three days, read here: TON Game ‘BANANA’ Hits 1M Users in 72 Hours Curious about the rise of Telegram crypto games and how Binance Labs is investing in this space? This article explores this trend: Binance Labs Funds Gaming Company Behind Catizen, as Telegram Games Surge in Popularity
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