Moca Network and OKX Ventures Expand Collaboration to Back Identity-Based Web3 Projects

Moca Network and OKX Ventures are expanding their collaboration to support developers building applications around decentralized digital identity, with plans to provide selected projects with investment opportunities, infrastructure and access to OKX’s global ecosystem.

The strategic partnership builds on OKX Ventures’ previous investment in Moca Network, announced in November 2024. The latest agreement will see the two organizations identify and support projects developing within Moca Network’s ecosystem, with an emphasis on practical applications and infrastructure designed for broader adoption.

As part of the arrangement, OKX Ventures has committed to allocating a portion of its MOCA Coin (MOCA) reserves for co-investment opportunities identified through the collaboration. The funding is intended for projects developing identity-driven consumer applications, solutions and use cases that leverage Moca Network’s digital identity infrastructure.

These projects may build on technologies including AIR Kit and Moca Chain. Animoca Brands and OKX Ventures may also consider additional follow-on investment as selected projects develop and mature.

Beyond capital, participating teams will be able to access resources across OKX’s global platform. These include payment and on-ramp services, OKX Wallet integration and other ecosystem infrastructure intended to make it easier for developers to bring applications to market and onboard users.

Jeff Ren, founder of OKX Ventures, said the collaboration would build on the organizations’ existing relationship and support developers focused on delivering practical value.

“Animoca Brands and Moca Network play an important role in shaping the future of digital property rights and interconnected digital ecosystems. We are pleased to strengthen our partnership with them in order to support the builders who are creating real, measurable value for users. Through this strategic partnership, we intend to equip teams with the capital, infrastructure, and expertise required to scale globally and grow alongside Moca Network.”

Moca Network is a flagship project of Animoca Brands and is developing a chain-agnostic decentralized identity network. Its infrastructure is designed to support privacy-preserving identity verification and the interoperability of users and data across different industries and ecosystems.

The network brings together more than 600 portfolio companies and a reported addressable user base of more than 700 million, alongside enterprise partners. Its ecosystem uses MOCA Coin as its utility and governance token.

Animoca Brands co-founder and executive chairman Yat Siu said the agreement reflects a shared view of the role identity infrastructure could play in the development of the internet.

“OKX is a trusted and long-standing supporter of Animoca Brands and Moca Network. This strategic partnership deepens our collaboration and shared conviction that identity-focused infrastructure will play a central role in the next phase of the Internet. By combining our resources and expertise, we aim to catalyze projects that can drive tangible adoption and innovation.”

The expanded collaboration places investment and platform resources behind developers building on Moca Network, as both organizations seek to encourage the adoption of identity-focused applications and infrastructure across the Web3 ecosystem.