One of the top NFT markets, Magic Eden, has partnered with Mocaverse to establish MagicMoca, an NFT launchpad featuring exclusive projects from the gaming, sports, and cultural industries.
Moca NFT holders will have early access to this cutting-edge launchpad, enabling them to take part in carefully curated drops that highlight premium gaming and intellectual property (IP) projects. By focussing on niche markets like gaming, sports, and culture, MagicMoca hopes to provide NFT enthusiasts with a premium experience by fusing the knowledge and advantages of both platforms.
What is a MagicMoca?
A joint venture between Magic Eden and Mocaverse, MagicMoca will serve as a special starting point for NFT initiatives. Holders of MOCA NFT, MOCA ID, and MOCA Coin will be given priority on the platform and will be given early access to the launching of numerous projects. Delivering carefully chosen, premium initiatives that appeal to particular interest groups in gaming, sports, and the wider digital cultural environment is MagicMoca’s main focus.
The partnership also aims to highlight initiatives from Animoca Brands’ extensive blockchain portfolio, which comprises more than 540 on-chain endeavours, through MagicMoca. This launchpad is a crucial component of a larger plan that attempts to improve the NFT space by releasing projects that are carefully chosen and of excellent quality.
“Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities,” said Magic Eden CEO and co-founder Jack Lu, underscoring the importance of the partnership.
The goal of Magic Eden and Mocaverse’s partnership is to establish a hub for carefully selected NFT projects, encouraging more interaction within the web3 ecosystem.
The $MOCA Coin’s Function in MagicMoca
All transactions on the MagicMoca platform will be made using $MOCA as the primary currency. Through the use of $MOCA, users will be able to buy and exchange NFTs, bringing the Moca ecosystem right into the marketplace. Holders of Moca IDs will be able to use this cash to enhance their on-chain reputation through the platform and take part in unique launches.
Furthermore, MagicMoca will be included in Magic Eden’s rewards program, providing users with incentives like Diamond increases for listing or buying MagicMoca NFTs. The purpose of this technique is to increase platform engagement and give active users more advantages.
With the statement, “Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities,” Mocaverse Lead Kenneth Shek emphasised the benefits of the partnership between the two platforms. Additionally, he mentioned that Magic Eden is actively trying to create marketplaces that support many chains, improving user interoperability with the help of the new MagicMoca launchpad and the omni-chain MOCA Coin.