OKX Ventures, the investment arm of cryptocurrency exchange OKX, has entered into a strategic partnership with Moca Network, Animoca Brands’ digital identity project. Under the agreement announced today, OKX Ventures has committed to setting aside some of its $MOCA token reserves for co-investment opportunities in the ecosystem.

The two parties will jointly identify promising projects built on Moca Network and help them grow. Neither the number of tokens to be allocated nor the dollar value of the investment budget has been disclosed.

Support will focus specifically on digital identity-based consumer applications that use AIR Kit and Moca Chain infrastructure. As the selected projects progress, Animoca Brands and OKX Ventures may also consider further investment.

The agreement extends beyond funding. Supported teams will have access to OKX’s payment services, infrastructure for moving from traditional finance to crypto, and OKX Wallet integration.

Jeff Ren, co-founder of OKX Ventures, said the goal is to give developers capital, infrastructure, and expertise to help them expand globally. Yat Siu, co-founder of Animoca Brands, said digital identity infrastructure will be central to the internet’s next phase.

The new partnership follows OKX Ventures’ investment in the Moca ecosystem in 2024. Moca Network develops authentication and data portability across blockchains, with $MOCA serving as its usage and governance token.

*This is not investment advice.

Source: en.bitcoinsistemi.com. Adapted by NBTC.