SK Planet announced it will purchase MOCA Coin (MOCA) on the open market to join Moca Network’s decentralized identity ecosystem. The move aims to strengthen SK Planet’s enterprise-level identity infrastructure and offer its users better data control and privacy.
By integrating Moca Network’s AIR Account and AIR Identity, SK Planet will provide its 28 million users with decentralized identity verification and zero-knowledge proof technology. This ensures users maintain ownership and control over their personal data.
The integration will also allow SK Planet’s 95,000 merchant partners to verify user information with explicit consent, making privacy-protected data compatible across the platform and its partners.
Kenneth Shek, Project Lead at Moca Network, highlighted that SK Planet’s adoption of AIR Kit and zero-knowledge proofs marks a significant step toward returning data ownership to users at an enterprise scale. “This is a powerful validation of our mission to build a global interoperable identity layer powered by MOCA,” he said.
Expanding services and rewards
SK Planet will also incorporate Moca Network’s AIR Identity into its services, including the OKI Club, which launched with AIR Wallet in February 2025. Users can manage rewards through wallet features like token swaps and staking.
Kyosu Kim, Chief Business Officer at SK Planet, said the partnership will offer millions of users and merchants decentralized identity verification while enhancing user control over their data and rewarding engagement with MOCA Coin.
Market overview and risk
According to CoinMarketCap, at the time of writing, MOCA was trading at $0.07227, down 1.3% from the previous day, with a market valuation of $285 million and a fully diluted valuation of $671.59 million. Investors should note that crypto markets are volatile, and token values can fluctuate quickly.
The partnership between SK Planet and Moca Network demonstrates an increasing use of decentralized identity solutions within massive consumer platforms.
The integration will focus on uniting privacy and user control with rewards and ensuring compatibility within the ecosystem of SK Planet.
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