Moca Network Seizes Moment with Kraken Listing to Redefine Digital Identity

MOCA Coin has officially launched on Kraken, a globally recognized cryptocurrency exchange, in a move intended to significantly broaden its market reach and adoption. The listing marks a pivotal milestone for the Moca Network, a flagship project under Animoca Brands, which is working to establish a decentralized identity network that is chain-agnostic. By leveraging Kraken’s regulated platform, the MOCA Coin aims to facilitate participation from both institutional and retail investors, particularly in Western markets. Kraken’s strong compliance framework and international presence are expected to provide a secure and accessible gateway for users to engage with the Moca Network ecosystem [1].

The strategic listing was highlighted as a key step in advancing the broader vision of Animoca Brands. Yat Siu, executive chairman and co-founder of Animoca Brands, emphasized that the move underscores the company’s commitment to fostering a future where digital identity is user-owned. He stated that MOCA Coin is central to this vision, serving as the utility and governance token that underpins the decentralized identity ecosystem. The token enables users to participate in identity verification, reputation systems, and access to rewards across the Moca Network [2].

Kenneth Shek, project lead of the Moca Network, added that the listing on Kraken is expected to enhance the global visibility and credibility of the Moca Network. As the backbone of its identity ecosystem, MOCA Coin is essential for driving the adoption of verified identity data and ensuring that digital identity remains accessible to users worldwide. With Kraken’s global user base, the Moca Network anticipates a broader audience for its chain-agnostic infrastructure, which supports interoperability across multiple industries and ecosystems [1].

The Moca Network is currently building what it describes as the largest decentralized identity network, designed to serve both enterprise and consumer applications. Its infrastructure supports verification systems, access protocols, and reward mechanisms that operate across different blockchain platforms. As part of Animoca Brands' broader Web3 initiatives, the Moca Network has already integrated over 570 portfolio companies and reached more than 700 million addressable users. The network is supported by the MOCA Foundation, a community-governed entity that aims to promote the development of a sustainable and interoperable cultural economy in the Web3 space [1].

The MOCA Foundation, which governs the Moca DAO, plays a crucial role in the development and governance of the Moca Network. It enables participants to collaborate on improvement proposals and engage in cross-DAO empowerment through unique delegation models. The foundation’s mission aligns closely with the broader goals of Animoca Brands, which has positioned itself as a leader in the tokenization of digital assets and the creation of open metaverse environments. The inclusion of MOCA Coin on a major exchange like Kraken is expected to further solidify the token’s role in driving innovation and growth within the decentralized identity and cultural economy sectors [2].

Source:

[1] MOCA Coin lists on Kraken to expand global reach (https://www.proactiveinvestors.com.au/companies/news/1077067/moca-coin-lists-on-kraken-to-expand-global-reach-1077067.html)

[2] MOCA Coin lists on Kraken (https://www.animocabrands.com/moca-foundation-lists-kraken)