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A new commercial agreement has been established between SK Planet, a prominent information and communications technology company in South Korea, and Mocaverse, the main platform of Animoca Brands. Through this partnership, SK Planet’s digital ecosystem will incorporate Mocaverse’s Realm SDK, giving consumers easy access to Web3 experiences with only one login.
Through the cooperation, SK Planet’s 28 million KYC-ed members will be able to use Mocaverse’s whole technological stack to access the Web3 realm. Features that let users to amass, own, and transfer their assets across several ecosystems include global accounts, identity management, and a reputation layer. Additionally, this partnership will use the Moca Network’s wide network of partners, which has over 250 million monthly active users, and Animoca Brands’ enormous portfolio of over 540 businesses.
An exciting component of this partnership is the adoption of the MOCA Coin as the utility currency within SK Planet’s services. MOCA Coin will be integrated into popular platforms like OK Cashbag and Syrup, rewarding users with the coin for engaging with these services. It marks the first crypto token to be used across SK Planet’s Internet services, offering a new layer of engagement for consumers.
Kenneth Shek, Project Lead for Mocaverse, expressed enthusiasm about the partnership, stating, “We are thrilled to have SK Planet, one of the largest conglomerates in South Korea, joining the Realm Network… We anticipate this initiative will accelerate the flywheel of Mocaverse’s ecosystem.” With South Korea being a key market for Web3, this partnership aligns Mocaverse with one of the most influential tech platforms in the region.
Kim Kyo-soo, CBO of SK Planet, also highlighted the strategic value of the collaboration, saying, “Through our close partnership with Animoca Brands and Mocaverse, we will strive to establish ourselves as an effective channel and deliver innovative solutions that resonate with local consumers.”