Mocaverse has partnered with Magic Eden to launch MagicMoca, a non-fungible token (NFT) launchpad utilizing MOCA Coin.
The partnership aims to incorporate MagicMoca into the Mocaverse ecosystem, with MOCA Coin serving as the primary currency for NFT transactions.
MagicMoca is a novel NFT launchpad that unites Gaming, Sports, and Culture
MagicMoca will function as a co-branded NFT launchpad tailored to the Mocaverse community and Magic Eden’s user base.
The NFT launchpad will concentrate on a limited number of initiatives from various cultural sectors, such as intellectual property, sports, and gaming.
The new NFT launchpad will give users priority access to forthcoming NFT drops from Animoca Brands, Mocaverse’s parent company.
Co-founder of Magic Eden, Jack Lu, stated, “Our primary objective will always be to expand the realm of NFTs. Therefore, engaging in partnerships with Mocaverse and gaining access to the Animoca Brands ecosystem significantly benefit both of our communities.”
This partnership intends to enhance community engagement, expand its scope, and launch the NFT launchpad.
MagicMoca’s Strategy for Growth and Innovation
Enhancing Engagement Eden’s participation enables the integration of Mocaverse products, including Moca IDs, into its current ecosystem, allowing the users to establish on-chain reputations and partake in exclusive NFT launches.
Magic Eden intends to promote adoption by providing incentives through its Rewards program. Users will receive a “Diamond boost” when they purchase or list MagicMoca NFTs on the platform.
The formal launch is scheduled to occur in the third quarter of 2024.
“Mocaverse and Magic Eden will collaborate to select projects that launch NFTs exclusively for their respective communities by utilizing Mocaverse’s network effect,” stated Kenneth Shek, the leader of Mocaverse.
“Magic Eden is introducing marketplaces that are compatible with various chains, and we are committed to ensuring that users have complete interoperability by utilizing our new launchpad, MagicMoca, and adopting the omni-chain MOCA Coin,” Shek said.