Moca Chain debuts as identity-focused L1 backed by Animoca ecosystem
Fragmented logins, redundant KYC, and exposed personal data plague crypto, but Moca Network claims its ZK-powered L1 aims to flip the script. Launching with Animoca’s 700 million-user ecosystem, it’s betting big on verifiable credentials as the next infrastructure play.
On June 25, Moca Network, the identity-focused arm of Animoca Brands, unveiled Moca Chain, a new Layer-1 blockchain designed specifically for decentralized identity and verifiable data.
Built with zero-knowledge proofs and cross-chain interoperability, the network will allow users to store credentials privately while proving them across applications without exposing raw information. A testnet is slated for Q3 2025, with mainnet to follow in Q4.
Moca Chain’s bid to fix Web3’s broken identity system
According to the announcement, Moca Network is building specialized infrastructure for decentralized identity, combining four core technologies.
These include decentralized storage for user-controlled data, ZKP-based verification to preserve privacy, zkTLS to pull in real-world information without centralized intermediaries, and an Identity Oracle to enable cross-chain credential checks.
The modular identity layer’s goal is simple but ambitious: let users store credentials once—whether a KYC document, a university degree, or gaming achievements, and reuse them across any application without repeatedly surrendering personal data.
For developers, Moca Chain offers AIR Kit, a plug-and-play identity toolkit designed to integrate seamlessly with existing apps, wallets, and protocols without needing to rebuild UX from scratch.
Beyond privacy, Moca Chain is betting that reusable identity can unlock economic value. Today, businesses spend millions verifying users, while individuals derive no benefit from their own data. By turning credentials into portable assets, Moca could streamline compliance, enable new reward models, and reduce fraud.
Moca Chain is also a token economy experiment. At the network’s core is MOCA, the utility token that fuels every action on the chain. Issuing, verifying, storing, and even generating credential data via zkTLS all require MOCA. Validators need to stake it to secure the network, while verifiers pay with it to check credentials.
According to the statement, the more credentials issued and verified, the more MOCA gets used—creating a demand loop tied directly to network activity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic’s performance is “good but not good enough”: under “adjusted profitability,” revenue growth sharply brakes!
Anthropic's third-quarter revenue reached $16.8 billion, an increase of nearly 50% quarter-over-quarter, and achieved "adjusted profitability"—but the market remains unconvinced. The main concern lies in monthly growth slowing sharply from 33% to single digits, leaving a gap of several billion dollars short of the year-end $100 billion target. Token prices have hit historic lows, with the disconnect between volume and price becoming increasingly prominent. Whether this "good but not good enough" performance can support a $2 trillion IPO valuation remains uncertain.
CoreWeave Drops 15%, AI Computing Power Business Faces Financing Test
CoreWeave bonds have fallen below 80% of face value, with yields surpassing 15% and a default probability exceeding 50% within five years. The company’s CEO attempted to reassure the market by citing an order backlog of over $100 billion, but analysts pointed out that orders do not equate to cash: “If borrowing costs are 9% but project returns are only 5%, the larger the scale, the greater the value destruction.” AI infrastructure-related stocks such as Oracle have also seen significant declines, with concerns spreading across the entire high-yield bond market. Musk sighed: "Oh dear!"
XRP, Chainlink and Zcash hover at key support levels as volume dries up
Berkshire increases investment by $330 million, this "APP Renovation Factory" sees its stock price soar over 40% in a single day
Berkshire Hathaway has made an additional $330 million investment in Bending Spoons, increasing its stake to 4%. This news sent Bending Spoons’ stock soaring over 41% in a single day. The transaction marks the latest major capital deployment under new CEO Greg Abel. Bending Spoons specializes in acquiring "outdated apps" and uses AI to restructure cost structures and business models to generate cash flow.
