South Korea's SK Planet has announced its intention to purchase MOCA Coin on the open market to integrate Moca Network's decentralized identity (DID) system. This move will incorporate zero-knowledge proof technology and decentralized identity verification into SK Planet's ecosystem, which includes 28 million users and 95,000 merchant partners. The integration aims to allow merchants to verify user information with consent while maintaining user control over private data.
Moca Network, developed by Animoca Brands, offers a chain-agnostic identity layer that ensures data ownership and interoperability across platforms. This partnership follows the February 2025 launch of SK Planet's OKI Club, which used AIR Wallet for rewards management. SK Planet plans to expand these capabilities with AIR Identity, enabling credential verification and rewards access across platforms, including token swaps and staking.
SK Planet to Acquire MOCA Coin for Decentralized Identity Integration
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.