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Animoca Brands' Moca Network: Building Identity Infrastructure for Web3 Interoperability
ByAinvest
Thursday, Sep 11, 2025 9:45 am ET2min read
Kenneth Shek, Project Lead at Moca Network, discusses how the company's identity-first Layer 1, Moca Chain, enables private data sharing across Web3 applications, advancing Animoca Brands' thesis on digital property rights and the open metaverse. Moca Network uses zkProofs and zkTLS to secure and enable privacy-preserving identity in both Web2 and Web3 environments.
Panama City, Panama, September 9th, 2025 - MemeCore, a blockchain startup, has officially launched its EVM-compatible Layer 1 blockchain, introducing a structured framework to address volatility and short-term speculation in the meme coin market. The project aims to reposition meme coins as digital assets that derive value from cultural contributions and on-chain activity [1].According to Chainplay, 97% of meme coin projects fail within a year, with most created on automated platforms like Pump.fun disappearing within days. Despite these risks, meme coins have demonstrated outsized short-term performance. From January to May 2025, meme coins delivered an average return of 33.08%, the highest across major crypto categories [1].
MemeCore's mainnet launch proposes an alternative model to improve longevity and value creation in the meme coin space through its proprietary "Proof of Meme" (PoM) consensus mechanism and multi-layered incentive system. The network architecture is designed to quantify and reward the creation, remixing, and distribution of meme content. Each new meme coin minted on the platform generates a "Meme Vault," a smart contract that acts as a reward pool to support the coin's continued development and engagement [1].
The PoM consensus mechanism combines elements of Proof-of-Authority and delegated Proof-of-Stake, with validator roles rotated every 10 blocks. Validators are required to self-stake 7 million $M tokens, while delegators may stake either $M or whitelisted meme coins. Rewards are distributed across $M stakers (75%), meme token delegators (24%), and block proposers (1%) [1].
MemeCore's native token, $M, has a capped supply of 10 billion, with 5 billion tokens currently issued. As of September 1, 2025, the circulating supply stands at approximately 1.03 billion $M, with a market capitalization of $706 million and a fully diluted value of $6.79 billion [1].
Token allocation emphasizes community alignment: 58% is allocated to community incentives, 15% to the foundation, 13% to core contributors, 12% to investors, and 2% to the Meme Treasury. Each new meme coin mints 5% of its supply into a vault with linear distribution over 1,000 days [1].
Ecosystem applications include MemeX for no-code MRC-20 token creation, PUPA for rapid token and NFT generation, and Everyswap for Uniswap v3-based AMM functionality. Additional infrastructure includes MemeCore Stake, MemeCoreScan, and developer tools like MemeCore Faucet and OKLink explorer services [1].
MemeCore has secured strategic investments from Waterdrip Capital, AC Capital, IBC Ventures, and others. A partnership with the NEO blockchain enables joint development of cross-chain functionality for the PoM framework. PrestoLabs provides capital and regulatory support, while Meson Free Bridge facilitates native $M token bridging to BNB Chain [1].
MemeCore's token, $M, was simultaneously listed on several centralized exchanges on July 3, 2025, including Binance Alpha, Kraken, Bitget, BingX, HTX, MEXC, and Hashkey. On Bitget, 24-hour M/USDT trading volume reached $10.2 million; MEXC posted $3.2 million. $M is also traded on Uniswap v3 and PancakeSwap, with DEX liquidity concentrated in a $155,000 M/USDT pool [1].
Derivatives trading is active across Binance, Bybit, KuCoin, Gate.io, and others, with daily futures volume exceeding $4 million. $M reached an all-time high of $1.15 on August 30, 2025—representing a 2,400% increase from its listing price [1].
MemeCore’s marketing approach emphasizes community engagement through both online and offline initiatives. The "Trump Dinner" leaderboard campaign placed second in a $TRUMP token-based competition, involving a $17.5 million token purchase and over 3 million campaign participants [1].
MemeCore is a Layer 1 EVM-compatible blockchain purpose-built to support a structured, incentivized meme coin economy. The network introduces the Proof of Meme (PoM) consensus algorithm and features a multi-layered reward system that quantifies cultural and economic contributions. With tools for token creation, DeFi integration, and gaming, MemeCore aims to standardize and elevate meme coins as verifiable digital assets.
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