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Moca Network, Animoca Brands’ identity-focused ecosystem, has announced Moca Chain, a new Layer 1 blockchain network designed specifically for identity and data management.
According to the official statement, this chain enables individual control of personal identities with features such as decentralized storage, cross-chain compatibility, and privacy-preserving verification with zero-knowledge proofs (ZKP).
The testnet is planned to be launched in the third quarter of 2025, while the mainnet launch will be in the last quarter of 2025. Moca Chain’s native altcoin, MOCA Coin, will be used for gas fees and validator transactions.
Moca Chain aims to enable user-centric applications and identity protocols to be built on a common user and data network.
The usage areas of the Moca token to be released are introduced as follows:
- Validator Staking: Securing the network and processing identity transactions.
- Gas Fees: On-chain transaction costs (identification, verification, etc.)
- Verification Fees: Fee paid to verify proof of identity.
- Data Storage: Reusability of identity documents
- Identity Oracle: Cross-chain verification bridge
- zkTLS based data generation
Animoca Brands is known as the company behind altcoins like EDU and SAND.
*This is not investment advice.