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Moca Network, the Animoca Brands–backed identity project, today opened AIR Shop, a verifiable loyalty platform that the company says is among the first of its kind. Built with Spree Finance and launched in partnership with South Korean tech giant SK Planet, AIR Shop aims to fuse traditional retail loyalty with blockchain-based, privacy-preserving identity and rewards infrastructure. The platform is live now at http://air.shop. At the heart of the rollout is AIR Identity, Moca Network’s enterprise-grade decentralized identity protocol. SK Planet, operator of OK Cashbag, South Korea’s largest integrated rewards service, has integrated AIR Identity into its ecosystem, bringing verifiable, interoperable identity services to 29 million users and 95,000 merchants. The system uses zero-knowledge proof technology, Moca says, to preserve user privacy while enabling verifiable credentials and cross-platform interoperability. Extra Utility for Users AIR Shop positions itself as a consumer-facing marketplace for real-world travel and lifestyle offers, with flights, hotels, car rentals, villas, premium retail and VIP experiences available through partners including BookIt.com. Members can earn rewards of up to 31% of spend depending on membership tier, and points are recorded and redeemable transparently on-chain. The platform’s loyalty currency, AIR SP, is framed as a stablecoin-backed loyalty point system that can be unlocked through verified credentials. Anyone can sign up for a free AIR account and access a Basic Tier membership. Upgrades to higher tiers require verified credentials tied to OK Cashbag’s OCB points, MOCA Coin holdings, or Mocaverse NFT staking status. Those verified statuses allow users to unlock higher rewards denominated in AIR SP, giving holders of SK Planet and Moca Network assets extra utility within the AIR Shop ecosystem. Kyosu Kim, chief business officer of SK Planet, said, “SK Planet has always been at the forefront of consumer loyalty innovation with OK Cashbag. Partnering with Moca Network to launch AIR Shop allows us to extend our ecosystem into Web3 while continuing to serve our millions of users with greater value and more exciting experiences. AIR Shop is a powerful step forward in connecting retail loyalty with blockchain-powered rewards.” Kenneth Shek, project lead of Moca Network, said, “AIR Shop represents a new era of verifiable loyalty, rewarding users with precision while preventing reward abuse. SK Planet is positioning itself at the forefront of loyalty and decentralized identifier innovation by giving users ownership of their data and allowing their digital identities to be verifiable in a highly interoperable manner. We are very excited to work with SK Planet to bring identity to its vast merchant and user network.” Spree Finance, which provided commerce and rewards infrastructure for AIR Shop, brings its “stable-points” technology to the table. Spree’s on-chain payments, rewards and credit products already support thousands of native crypto tokens and a merchant network that the company says exceeds two million. BookIt.com supplies the platform’s travel deals and experiences, leveraging Spree’s next-generation stable-point system to let users earn and spend rewards interoperably. To celebrate the launch, AIR Shop is kicking off a series of sweepstakes that users can enter using AIR SP. Prizes include a five-day luxury vacation in Jeju Island, Grand Prix racing experiences, BLACKPINK concert tickets at Tokyo Dome and other high-profile rewards. Terms and conditions apply. Moca Network markets itself as a chain-agnostic decentralized identity network designed to preserve privacy while enabling identity verification and cross-industry interoperability. As part of Animoca Brands’ identity ecosystem, Moca Network says it connects more than 600 portfolio companies and over 700 million addressable users, and it uses MOCA Coin as its utility and governance token. SK Planet, meanwhile, continues to expand its data-and-tech offerings in Korea through OK Cashbag and the Web3 wallet UPTN Station, aiming to bridge mainstream loyalty programs with blockchain-native services.Moca Network, the Animoca Brands–backed identity project, today opened AIR Shop, a verifiable loyalty platform that the company says is among the first of its kind. Built with Spree Finance and launched in partnership with South Korean tech giant SK Planet, AIR Shop aims to fuse traditional retail loyalty with blockchain-based, privacy-preserving identity and rewards infrastructure. The platform is live now at http://air.shop. At the heart of the rollout is AIR Identity, Moca Network’s enterprise-grade decentralized identity protocol. SK Planet, operator of OK Cashbag, South Korea’s largest integrated rewards service, has integrated AIR Identity into its ecosystem, bringing verifiable, interoperable identity services to 29 million users and 95,000 merchants. The system uses zero-knowledge proof technology, Moca says, to preserve user privacy while enabling verifiable credentials and cross-platform interoperability. Extra Utility for Users AIR Shop positions itself as a consumer-facing marketplace for real-world travel and lifestyle offers, with flights, hotels, car rentals, villas, premium retail and VIP experiences available through partners including BookIt.com. Members can earn rewards of up to 31% of spend depending on membership tier, and points are recorded and redeemable transparently on-chain. The platform’s loyalty currency, AIR SP, is framed as a stablecoin-backed loyalty point system that can be unlocked through verified credentials. Anyone can sign up for a free AIR account and access a Basic Tier membership. Upgrades to higher tiers require verified credentials tied to OK Cashbag’s OCB points, MOCA Coin holdings, or Mocaverse NFT staking status. Those verified statuses allow users to unlock higher rewards denominated in AIR SP, giving holders of SK Planet and Moca Network assets extra utility within the AIR Shop ecosystem. Kyosu Kim, chief business officer of SK Planet, said, “SK Planet has always been at the forefront of consumer loyalty innovation with OK Cashbag. Partnering with Moca Network to launch AIR Shop allows us to extend our ecosystem into Web3 while continuing to serve our millions of users with greater value and more exciting experiences. AIR Shop is a powerful step forward in connecting retail loyalty with blockchain-powered rewards.” Kenneth Shek, project lead of Moca Network, said, “AIR Shop represents a new era of verifiable loyalty, rewarding users with precision while preventing reward abuse. SK Planet is positioning itself at the forefront of loyalty and decentralized identifier innovation by giving users ownership of their data and allowing their digital identities to be verifiable in a highly interoperable manner. We are very excited to work with SK Planet to bring identity to its vast merchant and user network.” Spree Finance, which provided commerce and rewards infrastructure for AIR Shop, brings its “stable-points” technology to the table. Spree’s on-chain payments, rewards and credit products already support thousands of native crypto tokens and a merchant network that the company says exceeds two million. BookIt.com supplies the platform’s travel deals and experiences, leveraging Spree’s next-generation stable-point system to let users earn and spend rewards interoperably. To celebrate the launch, AIR Shop is kicking off a series of sweepstakes that users can enter using AIR SP. Prizes include a five-day luxury vacation in Jeju Island, Grand Prix racing experiences, BLACKPINK concert tickets at Tokyo Dome and other high-profile rewards. Terms and conditions apply. Moca Network markets itself as a chain-agnostic decentralized identity network designed to preserve privacy while enabling identity verification and cross-industry interoperability. As part of Animoca Brands’ identity ecosystem, Moca Network says it connects more than 600 portfolio companies and over 700 million addressable users, and it uses MOCA Coin as its utility and governance token. SK Planet, meanwhile, continues to expand its data-and-tech offerings in Korea through OK Cashbag and the Web3 wallet UPTN Station, aiming to bridge mainstream loyalty programs with blockchain-native services.

Moca Network and SK Planet Launch AIR Shop, a Verifiable Blockchain Loyalty Platform

Author: Coinstats

Source: Coinstats

2025/10/21 21:30

MOCA$0.02-1.81%

PLANET$0.0000004018-1.56%

FINANCE$0.0001967-1.40%

FUSE$0.008266+1.31%

At the heart of the rollout is AIR Identity, Moca Network’s enterprise-grade decentralized identity protocol. SK Planet, operator of OK Cashbag, South Korea’s largest integrated rewards service, has integrated AIR Identity into its ecosystem, bringing verifiable, interoperable identity services to 29 million users and 95,000 merchants. The system uses zero-knowledge proof technology, Moca says, to preserve user privacy while enabling verifiable credentials and cross-platform interoperability.

Extra Utility for Users

AIR Shop positions itself as a consumer-facing marketplace for real-world travel and lifestyle offers, with flights, hotels, car rentals, villas, premium retail and VIP experiences available through partners including BookIt.com. Members can earn rewards of up to 31% of spend depending on membership tier, and points are recorded and redeemable transparently on-chain. The platform’s loyalty currency, AIR SP, is framed as a stablecoin-backed loyalty point system that can be unlocked through verified credentials.

Anyone can sign up for a free AIR account and access a Basic Tier membership. Upgrades to higher tiers require verified credentials tied to OK Cashbag’s OCB points, MOCA Coin holdings, or Mocaverse NFT staking status. Those verified statuses allow users to unlock higher rewards denominated in AIR SP, giving holders of SK Planet and Moca Network assets extra utility within the AIR Shop ecosystem.

Kyosu Kim, chief business officer of SK Planet, said, “SK Planet has always been at the forefront of consumer loyalty innovation with OK Cashbag. Partnering with Moca Network to launch AIR Shop allows us to extend our ecosystem into Web3 while continuing to serve our millions of users with greater value and more exciting experiences. AIR Shop is a powerful step forward in connecting retail loyalty with blockchain-powered rewards.”

Kenneth Shek, project lead of Moca Network, said, “AIR Shop represents a new era of verifiable loyalty, rewarding users with precision while preventing reward abuse. SK Planet is positioning itself at the forefront of loyalty and decentralized identifier innovation by giving users ownership of their data and allowing their digital identities to be verifiable in a highly interoperable manner. We are very excited to work with SK Planet to bring identity to its vast merchant and user network.”

Spree Finance, which provided commerce and rewards infrastructure for AIR Shop, brings its “stable-points” technology to the table. Spree’s on-chain payments, rewards and credit products already support thousands of native crypto tokens and a merchant network that the company says exceeds two million. BookIt.com supplies the platform’s travel deals and experiences, leveraging Spree’s next-generation stable-point system to let users earn and spend rewards interoperably.

To celebrate the launch, AIR Shop is kicking off a series of sweepstakes that users can enter using AIR SP. Prizes include a five-day luxury vacation in Jeju Island, Grand Prix racing experiences, BLACKPINK concert tickets at Tokyo Dome and other high-profile rewards. Terms and conditions apply.

Moca Network markets itself as a chain-agnostic decentralized identity network designed to preserve privacy while enabling identity verification and cross-industry interoperability. As part of Animoca Brands’ identity ecosystem, Moca Network says it connects more than 600 portfolio companies and over 700 million addressable users, and it uses MOCA Coin as its utility and governance token. SK Planet, meanwhile, continues to expand its data-and-tech offerings in Korea through OK Cashbag and the Web3 wallet UPTN Station, aiming to bridge mainstream loyalty programs with blockchain-native services.

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The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…

BitcoinEthereumNews

2025/09/18 02:13

The Role of Blockchain in Building Safer Web3 Gaming Ecosystems

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story