ANIMOCA PLANS TO DEVELOP DIGITAL IDS AND POINT SYSTEM FOR WEB3

Last updated: June 19, 2025, 22:48 | Written by: Barry Silbert

The Web3 landscape is constantly evolving, and with it comes the need for innovative solutions that bridge the gap between the current internet (Web2) and the decentralized future. Animoca plans to develop digital IDs and point system for Web3 The gaming and Web3 company Animoca Brands announced on Sept. 11 the closing of a funding round to accelerate the development of itsAnimoca Brands, a prominent player in the gaming and Web3 space, is stepping up to the challenge.They've recently secured $20 million in funding to accelerate the development of their Mocaverse project. Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment. Continue reading Animoca plansThis ambitious project aims to establish a robust digital identity and point system designed specifically for the Web3 ecosystem, focusing heavily on gaming, culture, and entertainment.Imagine a single, unified identity that allows you to seamlessly navigate various Web3 platforms, earn rewards for your engagement, and build a reputation across different communities. Login 1.98% Bitcoin (BTC) .3 EUR 0.86% Ethereum (ETH) 1608.53 EURThat's the vision behind Animoca's Mocaverse.This isn't just about creating another NFT project; it's about building a foundational layer for a more interconnected and user-friendly Web3 experience.By putting the community first through a DAO-based approach, Animoca hopes to foster collaboration and drive wider adoption of Web3 technologies. Animoca Brands, a gaming and Web3 company, has announced the successful closure of a funding round on September 11, raising $20 million. This funding will be utilized to accelerate the development of its Mocaverse platform, a project aimed at establishing an identity and points system for Web3 games, culture, and entertainment.The development marks a significant step forward in making Web3 more accessible and rewarding for everyone, from gamers to content creators.

What is Mocaverse and Why is it Important?

Mocaverse is Animoca Brands' initiative to create a unified identity and points system for the Web3 world.Think of it as a passport and rewards program rolled into one, specifically designed for the decentralized internet.Its significance stems from the current fragmented nature of Web3.Users often need to create separate accounts and identities for each platform, leading to a cumbersome and inefficient experience.Mocaverse aims to solve this problem by providing a single, portable identity that can be used across various Web3 applications, games, and virtual worlds. Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment.This unified identity, tied to a non-transferable NFT called a Moca ID, will allow users to build a reputation, earn loyalty points, and access exclusive content and experiences.

The Problem Mocaverse Solves

The current Web3 environment is characterized by:

Fragmentation: Users need multiple accounts and identities.
Lack of Interoperability: Data and reputation are often siloed within individual platforms.
Difficult Onboarding: The complexity of Web3 can be daunting for new users.

Mocaverse addresses these challenges by:

Providing a Unified Identity: Simplifying the user experience with a single digital passport.
Enabling Cross-Platform Rewards: Allowing users to earn and spend loyalty points across various platforms.
Building a Reputation System: Creating a transparent and verifiable way for users to establish their credibility.

The Power of Digital Identity in Web3

Digital identity is a cornerstone of a thriving Web3 ecosystem.It's not just about having a username and password; it's about owning and controlling your data, reputation, and online presence.A robust digital identity system like Mocaverse can unlock numerous benefits:

Enhanced Security: By leveraging blockchain technology, digital identities can provide greater security and protection against fraud.
Improved Privacy: Users have more control over their data and can choose what information to share with different platforms.
Personalized Experiences: Platforms can use digital identities to tailor content and experiences to individual users.
Increased Trust: A verifiable digital identity can help build trust between users and platforms.

The Moca ID, a non-transferable NFT, will serve as the core of the Mocaverse digital identity.This ensures that each ID is unique and tied to a specific individual, preventing impersonation and fostering a more secure and trustworthy environment.

How the Mocaverse Point System Works

The point system within Mocaverse is designed to incentivize user engagement and reward participation in the Web3 ecosystem. Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Animoca plans to develop digital IDs and point system for Web3 - XBT.MarketUsers can earn loyalty points by:

Playing Games: Earning points for completing in-game tasks and achieving milestones.
Creating Content: Receiving rewards for contributing valuable content to the community.
Participating in Governance: Earning points for voting on proposals and contributing to the development of the platform.
Engaging with Communities: Getting rewarded for active participation in various Web3 communities.

These points can then be used to:

Access Exclusive Content: Unlock premium content, such as early access to games or exclusive virtual events.
Purchase In-Game Items: Redeem points for virtual items and upgrades within supported games.
Participate in Raffles and Contests: Enter raffles and contests for a chance to win valuable prizes.
Influence Governance Decisions: Use points to vote on proposals and shape the future of the Mocaverse platform.

This system creates a positive feedback loop, encouraging users to actively participate in the Web3 ecosystem and rewarding them for their contributions.

Animoca Brands' Vision for Web3 Gaming, Culture, and Entertainment

Animoca Brands' vision extends beyond simply creating a digital identity and point system.They envision a future where Web3 is seamlessly integrated into various aspects of our lives, particularly gaming, culture, and entertainment.The Mocaverse is a key component of this vision, serving as the bridge that connects users to these different Web3 experiences.

Yat Siu, the co-founder and CEO of Animoca Brands, emphasizes the importance of a community-first approach. Animoca plans to develop digital IDs and point system for Web3 blockchain dAPPs smartcontracts bitcoin ETH BNB StablecoinsBy building Mocaverse on a DAO (Decentralized Autonomous Organization) structure, Animoca aims to empower the community to actively participate in the development and governance of the platform.This ensures that the Mocaverse evolves in a way that best serves the needs of its users.

Web3 Gaming Reimagined

Mocaverse has the potential to revolutionize Web3 gaming by:

Creating a More Engaging Experience: Rewarding players for their time and effort with loyalty points and exclusive content.
Facilitating Cross-Game Interoperability: Allowing players to use their Moca ID and earned points across different games.
Empowering Players: Giving players more control over their in-game assets and data.

Imagine being able to earn rewards in one game and use those rewards to unlock exclusive content in another. Animoca plans to develop digital IDs and point system for Web3. Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and a point system for Web3This level of interoperability is a key goal of the Mocaverse project.

Supporting Web3 Culture and Entertainment

Beyond gaming, Mocaverse can also play a significant role in shaping Web3 culture and entertainment by:

Supporting Creators: Providing creators with new ways to monetize their content and connect with their audience.
Fostering Community: Creating a platform for users to connect with like-minded individuals and build communities around shared interests.
Enabling New Forms of Entertainment: Exploring new possibilities for interactive and immersive entertainment experiences.

For example, artists could use Moca IDs to verify their identity and offer exclusive content to their fans who hold specific Moca ID traits or have accumulated a certain number of loyalty points.

The $20 Million Funding Round: A Catalyst for Growth

The recent $20 million funding round is a crucial catalyst for accelerating the development of the Mocaverse project. Cointelegraph reached out to Animoca Brands for additional information on its plans to develop digital IDs for Web3. This development comes after a period of decreased attention to the metaverse. With a huge hype in 2025, the following year the metaverse lost the limelight to emerging technologies like artificial intelligence (AI).This funding will be used to:

Expand the Mocaverse Team: Hiring talented developers, designers, and marketers to further develop the platform.
Develop New Features: Implementing new features and functionalities to enhance the user experience and expand the platform's capabilities.
Integrate with More Web3 Platforms: Partnering with other Web3 projects to integrate Mocaverse into their platforms and expand its reach.
Marketing and Outreach: Raising awareness of the Mocaverse project and attracting new users to the platform.

This investment signals strong confidence in Animoca Brands' vision for Web3 and the potential of the Mocaverse project to transform the industry.

Addressing Concerns About the Metaverse

It's important to acknowledge that the metaverse has faced some skepticism recently. Animoca plans to develop digital IDs and point system for Web3After a surge in popularity in 2025, interest waned as other technologies, such as artificial intelligence (AI), gained prominence. Animoca Brands closed a funding round supporting the acceleration of the Mocaverse to create digital IDs and point system for Web3 culture, gaming and entertainment. The gaming and Web3 company Animoca Brands announced on Sept. 11 the closing of a funding round to accelerate the development of its Mocaverse platform. Animoca raised $20 million in an effort to push forward its goal of buildingHowever, Animoca Brands remains committed to the metaverse and believes that projects like Mocaverse are essential for its long-term success.

The key is to move beyond the hype and focus on building practical applications that solve real-world problems.Mocaverse aims to do just that by providing a valuable service to Web3 users and making the metaverse more accessible and user-friendly.

Why Mocaverse is Different

Unlike some metaverse projects that have struggled to gain traction, Mocaverse offers a tangible value proposition:

Focus on Utility: Mocaverse is not just about creating a virtual world; it's about providing a practical tool for navigating the Web3 ecosystem.
Community-Driven Development: The DAO structure ensures that the platform evolves in a way that best serves the needs of its users.
Strong Foundation: Animoca Brands has a proven track record of success in the gaming and Web3 space.

By focusing on utility, community, and a strong foundation, Mocaverse is well-positioned to overcome the challenges that have plagued other metaverse projects.

The Future of Mocaverse and Web3 Identity

The future of Mocaverse is bright, with plans to continually expand its features and integrate with more Web3 platforms.As the Web3 ecosystem continues to evolve, the need for a unified identity and points system will only become more pressing.

Animoca Brands is committed to building Mocaverse into the leading digital identity and rewards platform for Web3, empowering users to seamlessly navigate the decentralized internet and unlock the full potential of this transformative technology.

Potential Future Developments

Here are some potential future developments for Mocaverse:

Integration with More Wallets and Exchanges: Making it easier for users to connect their existing Web3 accounts to Mocaverse.
Expansion of the Point System: Introducing new ways for users to earn and spend loyalty points.
Development of New Features: Adding new features, such as decentralized social networking and identity verification services.
Partnerships with Major Brands: Collaborating with major brands to bring Mocaverse to a wider audience.

Conclusion: Animoca Brands Leading the Web3 Revolution

Animoca Brands' Mocaverse project represents a significant step forward in the evolution of Web3. Animoca raised $20 million in an effort to push forward its goal of building out the Mocaverse project to be the identity and point system for Web3 gaming, culture and entertainment. Yat Siu, the co-founder and CEO of Animoca Brands said the DAO-based approach of the project put community first to allow collaboration across the entireBy creating a unified digital identity and point system, Mocaverse addresses key challenges in the current Web3 landscape and paves the way for a more user-friendly and interconnected future.The $20 million funding round underscores the importance of this initiative and demonstrates confidence in Animoca Brands' vision.With its focus on community, utility, and a strong foundation, Mocaverse is well-positioned to become a cornerstone of the Web3 ecosystem, transforming the way we interact with gaming, culture, and entertainment in the digital world. Gaming and Web3 company, Animoca Brands, has successfully concluded a funding round, raising $20 million. The funding aims to accelerate the Mocaverse project, which will serve as a digitalBy offering a seamless transition from Web2 to Web3 through digital identities and a rewarding point system, Animoca Brands is leading the charge in building a more decentralized and empowering internet for all. Animoca plans to develop digital IDs and point system forWhat started as a way to simplify a fragmented system may evolve into a powerful tool with widespread impact.