Yat Siu: Mocaverse is essentially an interoperable infrastructure stack

Yat Siu, co-founder of Animoca Brands, explained the meaning of tokens and the purpose of Mocaverse. He stated that NFTs, due to their unique properties and ability to reflect personal identity and cultural capital, create deeper and more complex network effects than homogeneous tokens. We can easily observe the brand loyalty to companies such as Hermes, Nike, or Apple, and a similar cultural rise is now being seen in the virtual world, such as with projects like Pudgy Penguins and Bored Ape Yacht Club, as well as Animoca Brands' Mocaverse.Mocaverse is an interoperable infrastructure stack designed to enhance network effects and bring together various cultural economies for mutual benefit. It integrates multiple fields such as gaming, music, sports, animation, NFTs, and digital identifiers (DID) into a cohesive ecosystem. Mocaverse and MOCA Coin represent cultural capital, which may seem objective today (like most NFTs), but as Mocaverse's reputation layer grows and more rewards and incentives are created for cultural capital, it will become more social and symbolic in meaning and purpose.