Animoca Brands and SK Planet Partner to Bring Web3 Innovations to South Korea

Animoca Brands, through its subsidiary Mocaverse, has announced a collaboration with South Korea's SK Planet, a leading technology and information platform.

Animoca Brands subsidiary Mocaverse has announced a new partnership with South Korean technology giant SK Planet. The collaboration will see Web3 user experiences being developed using Mocaverse’s Realm SDK and the MOCA Coin utility token being integrated into SK Planet’s existing digital services ecosystem.

The partnership is designed to introduce blockchain innovations into SK Planet’s services, enhancing the user experience with decentralized features. Mocaverse will integrate its Realm SDK into SK Planet’s digital ecosystem, enabling its 28 million verified members to access Web3 capabilities. Through this integration, users will be able to manage assets, identities, and reputations seamlessly across various applications and platforms.

The collaboration will also leverage Animoca Brands’ network of over 540 portfolio companies and the Moca Network’s 80+ partners. This initiative will connect with an estimated 250 million monthly active users across platforms such as One Football and MyAnimeList. The expansive network will facilitate cross-platform innovations, enabling users to access gaming, music, sports, and other IP-driven Web3 experiences.

Furthermore, SK Planet will adopt MOCA Coin as its primary utility token, marking the first instance of cryptocurrency integration into its internet services. The token will act as a core reward mechanism for user engagement across popular SK Planet offerings like OK Cashbag and Syrup. This move is expected to significantly enhance customer interaction within the Web3 ecosystem.

Mocaverse sees South Korea as a pivotal market for Web3 adoption, given the country’s strong culture of intellectual property and digital content consumption. The partnership with SK Planet is seen as a critical step toward introducing Web3 innovations to this vibrant market. SK Planet’s presence and partnerships with merchants will enable scaling blockchain-based solutions and delivering transformative customer experiences tailored to local needs.

SK Planet executives expressed their commitment to using this partnership to broaden customer experiences and create innovative solutions that resonate with the South Korean market. They aim to become a significant player in Web3, providing cutting-edge solutions that align with consumer expectations by working closely with Mocaverse and Animoca Brands.

Mocaverse is Animoca Brands’ flagship Web3 platform, providing users with access to decentralized applications and rewards. With Realm SDK as its primary onboarding tool, Mocaverse focuses on creating an interconnected ecosystem where partners can collaborate on consumer-centric applications. The platform includes features such as interoperable wallets, identity management, reputation tracking, and point systems, all aimed at simplifying Web3 adoption.

The platform has also completed a $20 million token swap with the TON Foundation, signaling its commitment to expanding its user base and enhancing its reputation-based infrastructure. By prioritizing seamless user experiences and partner collaboration, Mocaverse envisions a unified entry point for millions of users transitioning into Web3.

SK Planet is a leading technology company in South Korea, operating the country’s largest integrated rewards service, OK Cashbag, and the Web3 wallet UPTN Station. Through this partnership, SK Planet will integrate blockchain features into its offerings to enhance digital engagement and provide greater interactivity and value for its users.