Animoca Brands has announced a new phase of MOCA token distribution, providing 300,000 tokens to the Mocaverse community.
Details of the New Phase of MOCA Airdrop
The announcement details the participation requirements for this initiative, aiming to enhance inclusivity and engagement within the ecosystem. Participants in the current phase must meet specific requirements, including submitting a MOCA ID, providing feedback about Mocaverse, and completing tasks like social media engagement. Winners will be chosen using the KIP Protocol AI framework for transparency and fairness.
Previous Campaigns and Airdrop Goals
This phase follows a previous airdrop campaign in December 2024, where MOCA tokens were given to community members for their engagement. The airdrops are part of Mocaverse’s Token Generation Event to increase community involvement and expand the project’s reach.
Additional Funding for Mocaverse Expansion
Animoca Brands recently announced it has secured an additional $10 million to develop further the Mocaverse project, which consists of 8,888 unique membership NFTs. This funding is part of a more significant $41.8 million capital raise that garnered support from prominent investors, including OKX Ventures, CMCC Global, HongShan, Republic Crypto, and Kingsway Capital, as stated in a press release dated November 12, 2024. This funding round also included a free-attaching warrant for the MOCA Coin utility token, with a fully diluted implied value of $1 billion, following the structure of previous funding rounds. Animoca Brands indicated that the capital will promote web3 adoption and interoperability, focusing on scaling and enhancing the Mocaverse.
The new phase of the MOCA airdrop highlights Animoca Brands' commitment to community engagement and innovation in the NFT and Web3 space.
