Mocaverse and Magic Eden Introduce New NFT Launchpad MagicMoca

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Hongji Feng

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Hongji Feng

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Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

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September 17, 2024 11:52 EDT

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Mocaverse has partnered with Magic Eden to launch MagicMoca, a non-fungible token (NFT) launchpad utilizing MOCA Coin.

According to a statement shared with Cryptonews.com, the collaboration seeks to integrate MagicMoca into the Mocaverse ecosystem with MOCA Coin as the primary currency for NFT transactions.

MagicMoca: A New NFT Launchpad Bridging Gaming, Sports, and Culture

MagicMoca will serve as a co-branded NFT launchpad, specifically designed to cater to the Mocaverse community and Magic Eden’s user base.

The NFT launchpad will focus on selective projects from various cultural sectors, including gaming, sports, and intellectual property.

The new NFT launchpad will offer users priority access to upcoming NFT drops from Animoca Brands, the parent company behind Mocaverse.

“Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities,” said Magic Eden co-founder Jack Lu.

This partnership not only focuses on launching the NFT launchpad but also intends to strengthen community engagement and broaden their reach.

Strengthening Engagement: MagicMoca’s Plan to Expand and Innovate

Magic Eden’s involvement allows for the integration of Mocaverse products, such as Moca IDs, into its existing ecosystem, which allows users to build on-chain reputations and participate in exclusive NFT launches.

To encourage adoption, Magic Eden plans to offer incentives through its Rewards program, giving users a “Diamond boost” when they purchase or list MagicMoca NFTs on the platform.

The official launch is set to go live in the third quarter of 2024.

“Together, Mocaverse and Magic Eden will leverage Mocaverse’s network effect to curate projects launching NFTs exclusively for both communities,” stated Mocaverse lead Kenneth Shek.

“Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin,” added Shek.