El's Exclusive Review of Mocaverse: Is It Worth Your Time and Money?

Animoca Brands, Team, VC fund, Investors, Culture, Pros & Cons and more

You are reading this right now either because you missed out on VC-funded NFT projects like Art Gobblers and Digi Daigaku or you just genuinely love my content and want to support it. Whatever the case may be, you will not be disappointed after reading this!

But wait you must be wondering “Elena are you talking about that sus looking project Art gobblers?” or “Gabe the engagement farmoor’s project Digi Daigaku?” And yes you’re right, I’m indeed talking about those.

Jokes aside, what did Digi Daigaku and Art Gobblers both have in common? Both of these projects were funded by the venture capital firm Paradigm. 

Do you know what other project is funded by one of the top Venture Capital firms, Animoca Brands?

BINGO! Mocaverse!

In this article, I will give you a comprehensive overview of the dynamics of VC-funded projects, break down the different aspects of the upcoming Mocaverse project, and provide my expert analysis and viewpoint on the subject.

Before deep diving into Mocaverse, let’s talk a bit about how VC funding in Web3 works!

What is Venture Capital and how does it work in Web3?

Venture capital is a type of private equity financing that provides financial support to early-stage companies and startups that have high growth potential. VC funds in Web3 aim to provide financial support, mentorship, and strategic guidance to promising Web3 startups and projects. The goal of these funds is to help these companies and projects grow and succeed, and ultimately, to realize a return on investment through equity or other ownership stakes in the companies they support. For example, A16z, Animoca Brands, Paradigm, etc.

What is Animoca Brands?

Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of an open metaverse.

The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be Media, and PIXELYNX.

Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. Animoca Brands is listed on the Australian Securities Exchange (ASX) and has raised over $100 million in funding to date. The company has a team of over 300 employees and is known for its innovation in the blockchain and gaming industries.

What is Mocaverse?

Mocaverse, is Animoca Brands, first official PFP NFT collection designed to strengthen the company’s ecosystem of Web3 and metaverse-centric projects. The Mocaverse NFT collection represents the shared values and ethos of Animoca Brands and its portfolio companies and partners.

Mocaverse comprises 8,888 NFTs of characters called Mocas, each belonging to one of five tribes: Dreamers, Builders, Angels, Connectors, and Neo-Capitalists. Each of the tribes represents the diverse yet complementary personas of changemakers in Web3. 

Who are the Mocas?

Mocaverse exists in a parallel universe where Mocas teleport to realms through portals for experiences and loot!

Mocas are our meta-spiritual buddies with human personality traits, constantly searching for the perfect partners for adventures.

What do the tribes indicate?

There are Five tribes of Mocas, that represent different personality traits and holders will get 1 for each NFT. 

• Dreamers: The Dreamers tribe represents creativity, imagination, and vision. They are the ones who come up with the ideas and the inspiration that drives innovation in the Mocaverse.

  

• Builders: The Builders tribe represents technical skill, craftsmanship, and attention to detail. They are the ones who turn the Dreamers' ideas into reality and make things happen in the Mocaverse.

  

• Connectors: The Connectors tribe represents networking, communication, and relationship building. They are the ones who bring people together, form partnerships and create opportunities in the Mocaverse.

  

• Angels: The Angels tribe represents kindness, compassion, and generosity. They are the ones who help others, give back to the community, and make the Mocaverse a better place.

  

• Neo-Capitalists: The Neo-Capitalists tribe represents business acumen, strategic thinking, and risk-taking. They are the ones who identify opportunities, make investments, and drive growth in the Mocaverse.

Are there Moca tribe ambassadors?

Mocaverse has secured big names as their tribe ambassadors, such as Adrian Cheng, Brian Evans, Sebastian Borget, Aleksander Larsen, Whale Shark, etc.

Mocaverse Utilities:

Mocaverse is Animocabrands’ first membership NFT collection, and also the first to bridge projects within and beyond the Animoca ecosystem! Imagine using your Moca as The Pass to engage with different blue chips.

There are 4 realms, and that’s where all the experiences and engagement will take place, which are:

• Learn via Masterclasses and AMAs with industry leaders, and educational research insights.

I have always been a big advocate of educating web3 communities and seeing Mocaverse put a big emphasis on education, is what personally resonated with me.

• Build via Access to resources and tools for builders in the Web3 space

• Play via Exclusive game passes, access to unique in-game assets and airdrops

• Do Good Opportunities to make meaningful contributions toward social causes

When does Mocaverse mint?

Mint Date: 6 Mar 5pm EST (24H Window)

1 Mocalist = 1 Free + 1 Paid (optional)

Paid Mint Price: 0.138 ETH (Price in other tokens TBA) - 1 tx /wallet

Wormhole: 6 Mar 21:00 pm EST - 7 Mar 08:00 am EST The first 4 Hours will be 0% Overallocation

What is Wormhole?

Wormhole is Mocaverse’s way of adding Moca’s to the treasury. Mocaverse expects to secure 2000-3000 Mocas in the Treasury However, they will let the market decide how much we will have in the Treasury at the end 888 Mocas is the minimum Mocaverse would need, with the maximum at 3888.

The Wormhole will suck the Mocas into the Treasury and deplete the allocation on an hourly basis: 1st 3 Hours: 100 Mocas/ Hour 2nd 3 Hours: 200 Mocas/ Hour 3rd 3 Hours: 300 Mocas/ Hour 4th 3 Hours: 400 Mocas/ Hour

How were the Mocalist spots distributed?

The parties below are eligible for Mocalists:

1. Animoca Brands Investors

2. Animoca Brands + subsidiaries employees

3. Animoca Brands’ portfolio companies

4. Partners of Animoca Brands 5. Community Mocalist members

Mocalists allocated for Category 1, 3, and 4 range from 2-5 per company wallet Each company has the option to keep the Mocas in the company reserve or distribute them to the key personnel as they wish Categories 2 and 5 have 1 Mocalist per user wallet.

Now let’s talk about the Pros and Cons!

Pros:

• Significant financial support: As we know, VC funding provides early-stage companies and startups with large sums of money to support their growth and development. Mocaverse being Animoca Brands, first membership NFT collection, gives it direct access to the Animoca Funds and the project plans on adding a maximum of 3888 NFTs to its treasury.

• Exclusive access to Animoca's ecosystem: Moca holders will have exclusive access to Animoca's ecosystem through curated experiences and benefits. This access gives them the opportunity to participate in exciting events and activities and be part of an exclusive community of blockchain and NFT enthusiasts

• Celebrity Mocas: Mocaverse has an all-star lineup of 24 elite Mocas, ranging from web3 unicorns, builders, gamers, investors, and more. These celebrity Mocas fully back the project and offer their experiences to the Mocaverse community, creating a network effect and synergy that is unmatched in the blockchain space.

• Culture play: Mocaverse is more than just an ecosystem play; it's a culture play. By breaking down the boundaries of project communities, Mocaverse forms tribes based on similar mindsets, behaviors, and experiences. This approach creates a sense of belonging and community within Mocaverse that is rare in the blockchain space.

• Ecosystem: Future Animoca Brands ecosystem partners will only bring more value to the Mocaverse ecosystem, which will be accrued to our holders As Mocaverse’s vision is to become the “bridge” of the web3 ecosystem, Mocaverse Treasury will also bring on partnerships and onboard future Mocas.

Potential Drawbacks:

• Ownership: Even though Mocaverse has 0% overallocation, it plans on adding supplies to its treasury 4 hours after the mint, implying they might have a high percentage of the Mocaverse NFTs in its treasury.

• Higher barrier to entry: Due to the exclusivity of Mocaverse, a lot of people might not be able to get into the project at ground-level entry.

• Competition: Since Mocaverse is going to put a heavy emphasis on education, they will face some competition. But they’re one of the first projects to take such a step, which however still gives them a head start.

• Execution: Mocaverse has a lot planned for the holders and community, but the majority of it will depend on the execution of it by the team.

Conclusion:

Mocaverse is a promising new project that is set to become a major player in the world of Web3 and the metaverse. As the first official PFP NFT collection from the leading digital entertainment and blockchain company, Animoca Brands, Mocaverse is poised to make a significant impact in the industry. With its unique approach to community-building, celebrity Mocas, and exclusive access to the Animoca ecosystem, Mocaverse has a lot to offer its holders.

Even though Mocaverse has some potential drawbacks, these are outweighed by the numerous benefits of the project, such as the significant financial support from Animoca Brands, the strong network of elite Mocas, the focus on education and community-building, and the potential for future partnerships and growth within the Animoca ecosystem. In conclusion, Mocaverse is definitely worth keeping an eye on for anyone interested in Web3 and the metaverse.

Disclaimer:

• This is my analysis from a researcher’s point of view

• This is not financial advice

• Please make sure to DYOR

Thank you for reading my first-ever deep analysis of a highly requested project. See you next time.