Animoca Model has introduced the growth of its non-fungible token (NFT) challenge, Mocaverse, into the South Korean market to combine and export Korean Web3 tradition by way of a multi-partner activation.
As outlined in a press launch shared with Cryptoflies, the corporate has entered into partnerships with Dice Leisure, IPX (previously LINE Pals), Korean Web3 gaming studios Planetarium Labs and Gomble Video games, and Bellygom, an NFT initiative by LOTTE Group.
These new companions will be part of the Mocaverse ecosystem, providing holders of Moca IDs — which perform as on-chain decentralized identities (DIDs) — entry to new Web3 video games, experiences, and reward alternatives.
Among the many outcomes of those partnerships are a (G)I-DLE x Mocaverse mashup video that includes (G)I-DLE’s fashionable music “Queencard” and a phygital cross-over with the LINE Pals assortment designed to interact followers and introduce extra retail customers to Web3.
These collaborations complement Animoca Manufacturers’ current partnerships geared toward increasing the Mocaverse challenge. On February 16, the corporate partnered with main crypto wallets corresponding to OKX, Crypto.com, and Halo, enabling customers of those wallets to say Moca IDs and entry the NFT ecosystem and real-life rewards. Moreover, in November 2023, it partnered with Ubisoft to advance Mocaverse’s Web3 gaming initiatives.
Mocaverse made its debut in 2022 with the discharge of 8,888 PFP NFTs, which generated over $5.6 million in quantity inside simply 48 hours of launch. Every Mocaverse NFT is provided with utilities corresponding to masterclasses, in-game belongings, accelerator applications, and extra.
In June 2023, Animoca Manufacturers collaborated with Rarible to determine a devoted market for Mocaverse NFTs. A number of months later, the corporate secured $20 million in funding, led by CMCC International, to additional help the Mocaverse NFT challenge.
