Global Hackathon's Proof of Build transition facilitated by Moca Network announced at Token2049 conference
In the ever-evolving landscape of digital identity, the Moca Network is making waves with its innovative approach. The Moca-network hackathon, taking place online at the end of September and concluding live on September 29 in Singapore at Token2049, aims to demonstrate that on-chain identity can be both practical and user-friendly.
Project lead Kenneth Shek explains that the combination of AIR Kit and Moca Chain offers a framework for apps and users to share verified identity data, enhancing trust without compromising privacy or control. Moca Chain, announced by the Moca Foundation in June, is currently being rolled out as a Layer 1 blockchain focused on identity and powered by MOCA Coin.
Moca Chain is EVM-compatible and modular, utilizing zero-knowledge proofs, decentralized storage, and oracles to ensure identity privacy and verifiability. This approach addresses the weaknesses of centralized systems, which can become single points of failure, as highlighted by Yat Siu, co-founder and executive chairman of Animoca Brands.
The Moca Network has recently launched MocaPortfolio, a staking-based system providing MOCA Coin holders and Mocaverse NFT owners access to token allocations worth $20 million. The first allocation in MocaPortfolio involves the Magic Eden (ME) token, with more to follow.
While the specific companies or organizations participating in the hackathon event "Proof of Build" were not listed in the available search results, the event promises to showcase innovative solutions built on Moca Chain. As the digital identity debate continues to grow, the Moca Network is positioning itself as a leading contender in the quest for a secure, private, and user-friendly digital identity solution.
In summary, the Moca Network, through its Moca Chain and AIR Kit, is offering a promising framework for digital identity. The Moca-network hackathon, "Proof of Build," is an exciting event that promises to demonstrate the practicality and user-friendliness of on-chain identity. With the launch of MocaPortfolio and the participation of notable projects like Magic Eden, the Moca Network is making significant strides in the realm of digital identity.
Read also:
- Exploring Harry Potter's Lineage: Decoding the Enigma of His Half-Blood Ancestry
- Elon Musk Acquires 26,400 Megawatt Gas Turbines for Powering His AI Project, Overlooks Necessary Permits for Operation!
- U Power's strategic collaborator UNEX EV has inked a Letter of Intent with Didi Mobility to deploy UOTTA(TM) battery-swapping electric vehicles in Mexico.
- Global Gaming Company, LINEUP Games, Moves Into Extensive Global Web3 Multi-Platform Gaming Network
