Animoca Brands’ subsidiary Mocaverse has partnered with South Korea’s information and communications technology platform SK Planet to co-develop Web3-enabled experiences with Realm SDK and MOCA Coin.

Animoca Brands said in a statement on Tuesday that the duo planned to co-create blockchain-enabled user experiences within SK Planet’s existing internet services, which will make use of Mocaverse’s Realm SDK.

SK Planet and Mocaverse are planning to onboard SK Planet’s 28 million KYC’d members to Web3 by integrating the full stack of Mocaverse’s Realm SDK into the SK Planet digital ecosystem, which includes a global account, identity, and reputation layer that enables users to accumulate, own, and use their assets across multiple ecosystems and applications.

In addition to tapping into the network effects across Animoca Brands’ ecosystem of 540+ portfolio companies and Moca Network’s 80+ partners, SK Planet will join as a Realm SDK partner alongside One Football and MyAnimeList to cross-pollinate a combined ~250 million monthly active users on these platforms and provide priority access to a variety of Web3 experiences including gaming, IP-based products and services, sports, music, and more.

Additionally, SK Planet will look to adopt MOCA Foundation’s MOCA Coin as the utility currency for its internet services; MOCA Coin will be the first crypto token used within SK Planet’s Internet services and will serve as one of the core user rewards for consumer onboarding for popular SK Planet services including OK Cashbag, Syrup, and others.

“We are thrilled to have SK Planet, one of the largest conglomerates in South Korea with thousands of merchant partners, joining the Realm Network, sharing unified account, identity, and reputation with millions of users. We anticipate this initiative will accelerate the flywheel of Mocaverse’s ecosystem,

“South Korea is a critical consumer market for Web3 with a rich culture of IP and content, and SK Planet is the best partner we could ask for to kick off our collective mission in the country,” Kenneth Shek, project lead for Mocaverse, said:

Kim Kyo-soo, Chief Business Officer of SK Planet, said through their close partnership with Animoca Brands and Mocaverse, which aims to expand customer experiences in the Korea market, they will strive to establish ourselves as an effective channel and deliver innovative solutions that resonate with local consumers.

Mocaverse is Animoca Brands’ flagship project providing a Web3 platform for consumers to participate in and maximize their exposure to Web3 experiences and rewards.

Seeded by Animoca Brands’ 540 portfolio companies, Mocaverse is building the Moca Network, a network of networks with a single login entry point in which partners can co-build different consumer applications for Web3 onboarding.

With Realm SDK as the core onboarding product, Mocaverse aims to decentralize the onboarding of millions of users from partners via interoperable wallet, ID, reputation, and point systems.

It has also completed a US$20 million token swap with TON Foundation committed to growing the user base with Moca’s reputation layer.

SK Planet is a leading data and tech company in South Korea.

The firm is operating the country’s largest integrated rewards service, OK Cashbag, and the Web3 wallet UPTN Station.

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