Mocaverse, the Web3 portal of Animoca Brands, just announced its teaming up with the popular NFT marketplace Magic Eden to launch ‘MagicMoca’ — a new custom NFT launchpad. The launchpad will feature curated, high-quality non-fungible token projects from verticals like sports, IP, gaming, culture, as well as projects from the Magic Eden and Mocaverse communities.
According to the report, MagicMoca will give early access to NFT drops to holders of Moca NFTs, $MOCA Coins, and Moca IDs. Projects from Animoca brands, which has a portfolio of over 500 Web3 projects, will also be promoted through the initiative.
$MOCA will be used as the primary currency for transactions in MagicMoca. Furthermore, Magic Eden will also accept $MOCA on its marketplace, and offer its Diamond boost reward program to users who purchase and/or list MagicMoca NFTs.
Mocaverse’s lead, Kenneth Shek, said that both platforms share a “vision to accelerate consumer crypto by using NFTs as the touchpoint for day-to-day consumers.” Jack Lu, the CEO and co-founder of Magic Eden, added that “tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.” MagicMoca is set to launch later in Q3 2024. More information about the project can be found by following Mocaverse on X.
While OpenSea still holds the crown as the top NFT marketplace, Magic Eden isn’t far behind. According to data from DappRadar, over the past seven days the multi-chain marketplace has done $7.82 million in sales, a nearly 75% increase from the previous week. Furthermore, Magic Eden currently holds 61% share of the Bitcoin NFT market, leading all other marketplaces by a large margin.
