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Here’s what we got for you this week:

• $MOCA is here

• Nexon’s new Web3 plans

• Market commentary

Let’s get started!

$MOCA is Here

The $MOCA Community Public Sale marks a significant milestone in Mocaverse's journey towards building the largest interoperable cultural economy in the Web3 space. Designed with the community at its core, this sale offers exclusive access to those who share in the vision of the ecosystem's growth.

The Crafting Machine introduces a novel approach to engagement, blending cross-platform gamification with resource collection. Participants can gather resources through various activities, crafting them into valuable items. The Shard Rush, a fortnight-based sprint, allows for immediate rewards by crafting Shards into Community Public Sale guaranteed and waitlist codes.

With a total token supply of 8,888,888,888 $MOCA, the sale allocates 126,984,127 $MOCA for community participation, with a lot size of 2,539 $MOCA for US$100. The token vesting terms ensure gradual unlocking, with 5% at TGE and a 3-month cliff followed by 12 months of linear weekly vesting.

Participation requires a Moca ID, prioritizing Moca NFT holders and strategic partner communities. Guaranteed and Waitlist codes ensure fair access, with opportunities for additional rewards based on funds commitment. The Whale Allocation offers an avenue for larger investors to secure guaranteed allocation, incentivizing participation and supporting the ecosystem's growth.

As the sale unfolds, Mocaverse remains committed to transparency, compliance, and community engagement, paving the way for a vibrant and inclusive cultural economy in the Web3 landscape.

Nexon’s New Web3 Plans

Nexon, the South Korean gaming giant, is making big waves in the world of blockchain technology with its latest ventures. Through the establishment of Nexon Universe Global and Nexpace subsidiaries in the UAE, Nexon is doubling down on its commitment to integrating blockchain into its renowned MapleStory franchise.

Nexon's move into the UAE's blockchain gaming scene is a strategic step towards harnessing the potential of blockchain technology in the Middle East. Nexon Universe Global and Nexpace, formed last year, are pivotal in Nexon's broader strategy to enhance projects like MapleStory N by integrating Non-Fungible Token (NFT) technology.

This fusion of blockchain and gaming is set to unveil MapleStory N in specific regions later this year. Moreover, Nexon's partnership with Avalanche to bring MapleStory to the crypto gaming world is another testament to its forward-thinking approach.

By migrating MapleStory to Avalanche, Nexon aims to offer players expanded gaming experiences in the web3 era. With the support of Avalanche's custom features and security, MapleStory Universe on Avalanche is set to revolutionize the gaming landscape, introducing players to the possibilities of web3 gaming. 

Looking ahead, Nexon's $100 million investment in web3-focused initiatives and the roadmap for MapleStory Universe's expansion signify a significant leap towards transforming the gaming experience through blockchain technology and NFT integration. With Nexon at the helm, the future of gaming looks more exciting than ever before.

Market Commentary

Bitcoin has been chopping in a tight range for around four weeks now. Although we are not at the point of market exhaustion, we have to believe these choppy conditions may continue or we may head lower. We have had seven green monthly candles on Bitcoin, which is the most ever. 

The biggest catalyst for Bitcoin is the halving. However, the price reflection doesn’t happen immediately. So it’s likely we simply go sideways or see a decent correction in the short-term. If this does happen, most altcoins can easily go down by at least 20-30%. An important number to pay close attention to is ETF inflows. If the institutional bid ramps up again, we will see new ATHs again soon. 

We need to stay above previous ATH and reclaim the $71k level to see more upside. If this is lost, we may revisit lower to $62k. It is important to consider these possibilities and be prepared for corrections in a bull market. 

Besides Bitcoin, the main focus right now in the market is memecoins. Dogecoin has outperformed majors like SOL and ETH this year. It is one of the consensus bets that DOGE will reach $1. Newer memecoins like $WIF also consistently put in higher highs irrespective of how Bitcoin looks. 

The new playground for trading memecoins is on Base blockchain. Tokens like $DEGEN and $TOSHI went parabolic in the last few weeks. We don’t know when this mania stops, so be careful when entering into such coins at high valuations.

• Planet Mojo launched an airdrop campaign to earn $MOJO points by completing social missions.

• Helika announced a new $50 million fund called Helika Accelerate to support games with game development, analytics, tokenomics, and fundraising. 

• Today revealed April 9th as the mint date for their Ancient Seed mint that is completely free. 

• Parallel Studios raised $35 million in its latest funding round from investors, including Amber, Builder Capital, Big Brain Holdings, Solana Ventures, and many more. 

• Gunzilla Games raised $30 million funding through a token round and a node sale.

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