Moca Network, a decentralized digital identity project developed by Animoca Brands, has entered a strategic partnership with OKX Ventures. The collaboration aims to accelerate the development of consumer applications built on Moca Network’s infrastructure, including AIR Kit and Moca Chain.
Under the agreement, OKX Ventures will co-invest in projects using Moca Network tools, utilizing a portion of its MOCA Coin reserves. The partnership also provides developers with access to OKX’s global infrastructure, such as payment services and wallet integrations, to streamline product scaling.
This deal expands an existing financial relationship between the two entities. In November 2024, Animoca Brands raised $10 million in a round that included participation from OKX Ventures. OKX Ventures manages an initial capital commitment of $100 million for global blockchain investments.
Moca Network operates as a chain-agnostic identity network, leveraging Animoca Brands' portfolio of over 600 companies. The project claims a reach of more than 700 million addressable users, with MOCA Coin serving as the primary utility and governance token for the ecosystem.
