Moca Foundation has announced the launch of the new blockchain Moca Chain, which provides users with the ability to fully control their identity and personal data.
Launch of Moca Chain in 2025
Moca Chain is slated for launch in 2025, with the testnet going live in Q3 2025 and the mainnet to follow. The new blockchain will be EVM-compatible, allowing developers to use the same tools as on the Ethereum network, recognized for its speed and low transaction costs. Moca Chain will also easily connect with other blockchains.
Secure Identity Management
Moca Chain's identity feature will allow users to transfer credentials such as loyalty points and access rights without sharing personal data. Utilizing zero-knowledge proofs enables users to access rewards and features in decentralized apps while maintaining privacy. Developers can also create or verify reusable credentials on the chain, promoting the development of safer applications.
Support from Animoca Brands
Moca Network, the creator of Moca Chain, is part of Animoca Brands, providing significant support for the project. Animoca Brands is a major player in the Web3 and gaming sectors and raised $20 million in 2023 to expand its projects. Co-founder Yat Siu emphasized that Moca Chain empowers users to control their data without intermediaries.
The launch of Moca Chain represents a significant step toward developing identity management technologies in the digital space. The project is expected to open new opportunities for users and developers while emphasizing the importance of privacy and data control.
