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👀 Meaning of $MOCA token from Animoca Brands' perspective

On the occasion of $MOCA's reversal while the market is on fire. I want to share the summary of the article "The Meaning of Tokens and the Purpose of the Mocaverse" by Yat Siu - Co-Founder of Animoca Brands.

⚡TOKEN PURPOSE AND NETWORK EFFECT

• What are tokens? Tokens are not only a fundraising tool but also a new way to own assets and capture network effects.
• As the number of users increases, the value of the network also increases. This principle is applicable to Web3 networks.
• Value depends not only on size but also on the user's values. For example, Hong Kong has a higher GDP than North Korea despite having a smaller population.
• Increase user access and utility, attract investors and builders, and maximize total value locked (TVL).

⚡CULTURAL CAPITAL AND NFTS

• NFTs represent cultural capital, creating deeper network effects and greater loyalty.
• Projects like Pudgy Penguins, Bored Ape Yacht Club and Mocaverse create strong network effects and brand loyalty.

⚡MOCAVERSE AND MOCA COIN

• Animoca Brands invests heavily in Web3, with more than 450 companies in its portfolio. MOCA Coin is at the heart of this network expansion.
• Mocaverse integrates diverse industries (gaming, music, sports, etc.) into a unified ecosystem to enhance network effects. Moca ID helps connect network effects and promote Web3 development.
• Value and reward user contributions, encouraging the creation of cultural capital and long-term engagement.

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