Summary
- Animoca Brands announced plans to launch an independent Layer 1 blockchain, 'MocaChain', under its subsidiary Moca Network (MOCA).
- MocaChain is a blockchain specialized for digital identity, focusing on the verification of identity information.
- The company stated that the testnet will debut in the third quarter of this year and that it is developing for a mainnet launch within the year.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrency), on the 25th (local time), blockchain game developer and investment company Animoca Brands announced through its official blog the plan to launch the independent Layer 1 blockchain 'MocaChain' under Moca Network (MOCA).
MocaChain is a blockchain specialized for digital identity, focusing on features that enable users’ identity information to be easily verified across multiple blockchain applications.
The company stated that the MocaChain testnet is scheduled to debut in the third quarter of this year, with development underway for a mainnet launch within the year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
