Yat Siu: Mocaverse is essentially an interoperable infrastructure stack that brings together cultural economies

Animoca Brands co-founder Yat Siu published an article to explain the meaning of tokens and the purpose of Mocaverse. He said that NFTs, due to their unique nature and ability to reflect personal identity and cultural capital, create deeper and more complex network effects than homogenous tokens. Brand loyalty to companies such as Hermes, Nike or Apple is easily observed, and similar cultural rises have begun to be seen in the virtual world, such as projects such as Pudgy Penguins and Bored Ape Yacht Club, and Animoca Brands' Mocaverse. Mocaverse is an interoperable infrastructure stack designed to enhance network effects and bring together various cultural economies for maximum mutual benefit. It integrates multiple fields such as games, music, sports, animation, NFTs, digital identifiers (DIDs) into a cohesive ecosystem. Mocaverse and MOCA Coin represent cultural capital, which may seem objective today (like most NFTs), but as the Mocaverse reputation layer grows and more and more rewards and incentives are created for cultural capital, it will become more social and symbolic in meaning and purpose.