Moca Network, OKX Ventures Form Strategic Partnership to Expand Investment in Digital Identity Ecosystem

Moca Network, the digital identity project of Animoca Brands, has formed a strategic partnership with OKX Ventures, the investment arm of OKX.

Animoca Brands said on November 10 that the two companies plan to jointly identify, invest in and support promising projects in the Moca Network ecosystem that use digital identity technology.

OKX Ventures will use part of its MOCA holdings as capital for the joint investment initiative. The targets include projects developing consumer services and real-world use cases using AIR Kit, Moca Network’s digital identity infrastructure, and Moca Chain.

Selected projects will also receive support through global infrastructure, including integration with OKX’s payments and crypto-purchase services and the OKX Wallet. If the projects grow, Animoca Brands and OKX Ventures will also consider follow-on investments.

The collaboration follows OKX Ventures’ investment in the Moca Network ecosystem in 2024.

Jeff Ren, founder of OKX Ventures, said the firm will provide capital, infrastructure and expertise to development teams creating real user value in the Moca Network ecosystem to support their global expansion.

Yat Siu, co-founder and executive chairman of Animoca Brands, said digital identity infrastructure will play a key role in the next-generation internet. He added that the two companies will combine their resources and expertise to back projects that can drive meaningful user adoption and innovation.