Moca Network secures OKX Ventures backing for identity-focused applications

Partnership aims to fast-track identity-driven applications using Moca Network's infrastructure and OKX's platform resources. Moca Network , a decentralized digital identity project created by Animoca Brands, today announced a partnership with OKX Ventures, the investment arm of crypto exchange OKX. The collaboration is meant to accelerate growth for applications that build on Moca Network’s identity infrastructure, with both parties committing capital, platform resources, and operational support to emerging projects within the ecosystem. Under the terms of the deal, OKX Ventures will dedicate a portion of its MOCA Coin reserves to co-investment opportunities surfaced through the partnership. Those allocations will target teams developing identity-driven consumer applications and use cases that use Moca Network’s core tools, including AIR Kit and Moca Chain.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.