Mocaverse, a Metaverse project developed by Animoca Brands, has strategically launched a Web3 Wallets partnership in an announcement as reported by Cointelegraph on Feb.15. Thereby forming partnerships with well-known Web3 wallet leaders like Halo Wallet, Crypto.com DeFi Wallet, and OKX Wallet for a better Metaverse experience.
TakeAway Points:
- Mocaverse launches Web3 Wallets partnership.
- This partnership involves Web3 Wallet leaders like Halo Wallet, Crypto.com DeFi Wallet, and OKX Wallet.
- This move aims to resolve the issue of users’ challenges accessing benefits across these sub-ecosystems.
- With the unique Moca IDs, users can have access to a variety of Web3 cultural domains inside the Mocaverse ecosystem.
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Mocaverse’s Web3 Wallet Partnerships
The partnership will “redefine on-chain identity and facilitate growth” in the Web3 space by combining Mocaverse’s digital identity, Moca ID, KuCoin’s user accounts, and Halo’s Genesis membership pass.
Web3 sub-ecosystems including cryptocurrency trading, digital collectibles, DeFi, and the Metaverse, “function relatively autonomously.”
“Users find it challenging to access benefits across these sub-ecosystems. For instance, active users on an exchange might not enjoy equivalent benefits in NFTs, the Metaverse, or DeFi ecosystems. This is a pain point for users in the Web3 world,” a KuCoin spokesperson explained.
According to the spokesman, the project will try to resolve this issue by creating cross-platform user identities for KuCoin, Mocaverse, and Halo Wallet.
Animoca Brands co-founder Yat Siu said that the initiative “unifies the user experience, making it simpler for an end-user to access and benefit from services.” According to him, using an identity layer in different wallets allows for more collaboration and integration with the offerings provided.
“We are, in effect, sharing the network effects of all these services with each other, which will expand the ecosystem as it creates greater shared value across the space,”
he said.
Siu added that Moca ID is community-owned and decentralized, and the integration is anticipated to enhance network effects and increase value for Mocaverse, its partners, and users. He explained that the goal of the framework is to promote innovation and expansion among community-owned networks, starting with SocialFi and DeFi and also GameFi; the financial and education industries.
DeFi Giants: Unlocking Moca IDs
Presently, users of these DeFi wallets may now claim their unique Moca IDs, which grants them access to a variety of Web3 cultural domains inside the Mocaverse ecosystem. These cultural domains, which include GameFi, PointFi, and SocialFi, provide consumers with a multifaceted and interesting experience.
Benefits Mocaverse Web3 Wallets
Each Web3 wallet in the Mocaverse ecosystem offers its own set of benefits to users. OKX Wallet supports more than 80 blockchains and puts security first to enable smooth multi-blockchain transactions. Its extensive ecosystem consists of a Web3 DeFi platform, a free NFT marketplace, and a DEX aggregator.
The non-custodial Crypto.com DeFi Wallet gives users the ability to manage more than 4,000 tokens on more than 30 blockchains. With features like NFT administration, dApp connections, and token swaps, it offers strong security outside of Crypto.com’s main services.
Halo Wallet presents a novel SocialFi environment by fusing Web3 financial features with social networking. Users may easily manage digital assets and remain up to date on market developments by turning wallet actions into a social stream.
Moca ID holders gain “Realm Points” by navigating the ecosystems and activities provided by these partner wallets. Within the Mocaverse Metaverse, this adventure opens up distinct perks and rewards, resulting in a dynamic and fulfilling experience.
In the first quarter of 2024, Mocaverse and these giants in the DeFi industry will be collaborating to create innovative actions and marketing campaign strategies and explore the Web3 cultural landscape by providing users participating in the Mocaverse ecosystem with alluring rewards.
