Moca Network Partners With OKX Ventures to Support Ecosystem Projects

Moca Network Partners With OKX Ventures to Support Ecosystem Projects

Key Highlights:

  • Moca Network and OKX Ventures will jointly identify, fund and support promising projects building within the Moca Network ecosystem.
  • OKX Ventures plans to assign part of its MOCA Coin reserves to co-investment opportunities identified through the alliance.
  • Selected projects will gain access to OKX’s global infrastructure, including payment services, on-ramp solutions and OKX Wallet integration.

Moca Network, a decentralized digital identity project developed by Animoca Brands has joined hands with OKX Ventures. OKX Ventures is the investment arm of global cryptocurrency exchange and Web3 company OKX. The partnership aims to bolster the development and adoption of applications across the Moca Network ecosystem by combining investment support, infrastructure and access to a global platform.

The two firms will work together to identify and support promising projects, with a focus on identity-driven consumer applications and practical use cases built around Moca Network’s digital identity infrastructure.

How Will the Moca Network and OKX Ventures Partnership Support New Projects? 

Under the partnership, Moca Network and OKX Ventures will jointly identify, support and scale high-potential projects developing within the Moca Network ecosystem. The collaboration builds on OKX Ventures’ previous investment in the Moca Network ecosystem, announced on November 12, 2024. Both organizations aim to encourage sustainable growth by supporting practical real-world applications, institutional-grade infrastructure and emerging developers.

As part of the arrangement, OKX Ventures has committed to allocating a portion of its MOCA Coin (MOCA) reserves to co-investment opportunities identified through the partnership. The funding is intended for projects developing identity-driven consumer applications, solutions and use cases that leverage Moca Network’s digital identity infrastructure, including AIR Kit and Moca Chain. As these projects develop, they may also receive additional follow-on investment from Animoca Brands and OKX Ventures. The companies have not disclosed a specific amount for the MOCA reserve allocation.

The partnership will also provide selected projects with access to OKX’s global platform and infrastructure. This includes payment and on-ramp services, OKX Wallet integration and other ecosystem resources. These services are expected to help developers reduce onboarding friction and make it easier for users to access applications built within the Moca Network ecosystem. 

Jeff Ren, co-founder of OKX Ventures, said the partnership would help offer developers the capital, infrastructure and expertise needed to expand globally. He also emphasized the role of Animoca Brands and Moca Network in advancing digital property rights and interconnected digital ecosystems.

Yat Siu, co-founder and executive chairman of Animoca Brands described OKX as a long-standing supporter of both firms. He said the expanded collaboration reflects a shared belief that identity-focused infrastructure will play an important role in the next phase of the internet.

What are Moca Network and OKX Ventures Building Together?

Moca Network is developing a chain-agnostic decentralized identity network designed to support identity verification while preserving user privacy. Its infrastructure aims to enable interoperability of users and data across different industries and ecosystems. Created by Animoca Brands, the network brings together more than 600 portfolio companies, over 700 million addressable users and a range of enterprise partners, according to the announcement. MOCA Coin serves as its utility and governance token.

The partnership with OKX Ventures is intended to help turn this identity infrastructure into a broader ecosystem of consumer applications and services. By combining co-investment opportunities with access to payment infrastructure, wallet integration and other resources, the organizations aim to support developers from early-stage building through potential global expansion. The focus on applications using AIR Kit and Moca Chain also places Moca Network’s identity technology at the center of the collaboration.

OKX Ventures operates as the investment arm of OKX and has an initial capital commitment of $100 million. It focuses on investing in blockchain projects worldwide, supporting technological innovation and identifying long-term structural value in the industry. Its involvement gives selected Moca Network projects access to investment support and resources from the broader OKX ecosystem.

The planned co-investment arrangement and infrastructure access establish a framework for both firms to work with developers building identity-focused applications within the Moca Network ecosystem.