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Animoca Brands, Magic Eden Collaborate on NFT Launchpad Amid Regulatory Uncertainty

Hong Kong-based Animoca Brands is teaming up with NFT marketplace Magic Eden to launch a new platform for NFTs called MagicMoca. The platform is set to launch in Q3 2024 and will exclusively cater to the Mocaverse community. MagicMoca will leverage the Moca Network and offer NFT projects from Animoca Brands and its portfolio of over 540 Web3 ventures. The platform will accept MOCA Coin as the currency for NFT sales. Magic Eden will integrate Mocaverse products and incentivize users to participate through its Rewards program. Despite concerns over NFT project success rates, MagicMoca's curated "high-quality NFT projects" may yield better results.

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