Yat Siu: Mocaverse is essentially an interoperable infrastructure stack

Animoca Brands co-founder Yat Siu posted a message explaining the meaning of the tokens and the purpose of the Mocaverse, stating that NFT creates a deeper and more complex network effect than homogenized tokens due to its unique nature and ability to reflect personal identity and cultural capital, and that we can easily observe brand loyalty to companies such as Hermes, Nike, or Apple, whereas in the Virtual worlds have begun to see a similar cultural rise with projects such as Pudgy Penguins and Bored Ape Yacht Club, as well as Animoca Brands' Mocaverse. The Mocaverse is an interoperable infrastructure stack designed to augment the network effect and bring together a variety of cultural economies for maximum mutual benefit. It integrates multiple domains such as gaming, music, sports, anime, NFTs, digital identifiers (DIDs), and more into one cohesive ecosystem, and the Mocaverse and MOCA Coin represent cultural capital, which may seem objective today (like most NFTs), but as the Mocaverse grows its reputation tier and increasingly rewards and incentivizes cultural capital creation, it will become more social and symbolic in meaning and purpose.