Bitget Integrates Mocaverse: Shaping the Future of NFT Staking

Mocaverse Gaining Popularity on Bitget

On July 11, Bitget, a prominent player in the cryptocurrency exchange and Web3 space initiated the trading of Mocaverse (MOCA) coins on its PoolX platform, enabling users to earn rewards through staking. Mocaverse, an NFT ecosystem by Animoca Brands, seeks to bridge the gap between traditional web platforms and blockchain technology, offering seamless interoperability. 

This new listing allows participants to enhance their token holdings by staking BGB/USDT pairs, bypassing the need to directly purchase additional tokens. The announcement was disseminated through Bitget's official account. 

Source: X

Apart from Bitget, other cryptocurrency exchanges like HTX, MEXC, BitMart, CoinList, and KuCoin have also announced their support for the NFT ecosystem.

As an offshoot of Animoca Brands, Mocaverse operates under a valuation of $6 Billion and boasts a diverse portfolio of more than 450 Web3 ventures, both direct and via Animoca Ventures. This includes high-profile names like Yuga Labs, Axie Infinity, Polygon, Consensys, and Magic Eden.

What is Mocaverse (MOCA)?

Mocaverse is at the forefront of developing the Moca Network, a cohesive ecosystem underpinned by the MOCA coin. This network forges connections across a spectrum of partner subnets, catering to sectors such as music, sports, gaming, education, and governance. The MOCA token, anchored to the LayerZero v2 protocol, has a capped supply and serves dual roles as a utility and governance token within this network.

In essence, Mocaverse is an interoperable infrastructure stack developed to enhance network effects and bring together numerous cultural economies for maximum mutual benefit. Moreover, the token holds a total supply of  8.88 Billion among which 1.5% is secured for community sale, and 10% for liquidity, 20% for Ecosystem & treasury, and 13% for strategic partners.

Source: Moca Foundation

Today, the platform also introduced a ‘Staking Power’, a staking program for token holders. This program rewards participants with Staking Power, granting them privileged access and perks within the network. 

The advantages include exclusive entry to MocaList token sales and staking pool incentives from a roster of over ten dedicated partners, with additional esteemed Moca Network collaborators in the pipeline. Additionally, Animoca Brands also released its Q1 2024 revenue report on July 10. 

Animoca Brands Revenue Report Out

Animoca Brands has released its latest revenue report, highlighting its financial trajectory. The developer and investor in NFTs and blockchain games, reported a revenue of $90 Million, a 72% increase from the previous year’s  $52 Million.

Conclusion

Bitget's listing of Mocaverse coins and the launch of the 'Staking Power' program represent key developments in expanding the NFT and Web3 ecosystem, backed by Animoca Brands' strong market presence and recent revenue growth.

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