Moca Network, a project under Animoca Brands, to launch digital identity L1 chain

According to Jinse Finance, Moca Network, a project under Animoca Brands, plans to launch a Layer-1 blockchain called Moca Chain, aiming to enable Web3 projects to achieve user identification and verification without relying on centralized platforms. Moca Chain will support cross-chain applications to verify user data, similar to single sign-on services in the Web2 era. Yat Siu, founder of Animoca Brands, stated that the project is committed to building a digital ecosystem where users truly own their data, reputation, and contributions, thereby advancing the development of digital property rights.