• By acquiring MOCA, SK Planet is implementing Moca Network’s enterprise-grade decentralized identity infrastructure, such as AIR Account and AIR Identity, throughout its ecosystem.
  • By integrating Moca Network’s AIR Account and AIR Identity, SK Planet will allow its 95,000 merchant partners to confirm their users’ private information with their express consent.

The second-largest publicly traded firm in South Korea, SK Planet of SK Group, said today that it would buy MOCA Coin (MOCA) on the open market in order to join Moca Network’s decentralized identity network for credential issuance and verification. Animoca Brands’ core project, Moca Network, is creating the biggest chain-agnostic decentralized digital identity network in the world.

By acquiring MOCA, SK Planet is implementing Moca Network’s enterprise-grade decentralized identity infrastructure, such as AIR Account and AIR Identity, throughout its ecosystem. This will provide SK Planet’s 28 million users with zero-knowledge proof technology, decentralized identity verification, and a high standard for user data ownership and interoperability.

By integrating Moca Network’s AIR Account and AIR Identity, SK Planet will allow its 95,000 merchant partners to confirm their users’ private information with their express consent, guaranteeing that user control and ownership of the data is maintained. Other AIR Kit partners will be able to immediately verify user data created on SK Planet’s platform, ensuring that privacy-protected data is compatible across SK Planet’s ecosystem and beyond.

Kyosu Kim, chief business officer at SK Planet, said:

“Partnering with Moca Network enables SK Planet to bring decentralized identity and privacy-preserving verification to our millions of customers and merchant partners. By leveraging AIR Kit and AIR Wallet, we can expand the benefits of OKI Club and reward our users with MOCA Coin while giving them greater control over their data. This is a strategic step forward in aligning with global standards for user privacy and digital identity.”

Kenneth Shek, project lead of Moca Network, said:

“SK Planet’s purchase of MOCA Coin as well as SK Planet’s integration of AIR Kit infrastructure and adoption of zero-knowledge proofs mark an important milestone in returning data ownership to users at an enterprise scale. By joining Moca Network’s identity ecosystem and enabling merchant-side verification with user consent, SK Planet is demonstrating how large consumer platforms can adopt decentralized identity to deliver both privacy and utility. This is a powerful validation of our mission to build a global interoperable identity layer powered by MOCA.”

SK Planet will further incorporate Moca Network’s AIR Identity into its services, building on the successful launch of OKI Club integrated with AIR Wallet in February 2025. This will allow users to verify their identity, earn rewards from various platforms, and manage the received rewards using payment features like token swaps, staking, and other features.