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    Crypto Art

    Home » News » Crypto Art » The Museum of Crypto Art Announces MOCA Token, Acquisition Plans

    The Museum of Crypto Art Announces MOCA Token, Acquisition Plans

    By TheoMay 27, 20212 Mins Read

    The Museum of Crypto Art has big plans in the works, including a new governance and utility token. The Museum is a metaverse organization dedicated to showcasing excellence in NFT art. Their new MOCA token will help guide future acquisitions and curation. At the same time, they hope to increase the pool of works they support.

    The new MOCA token is based on the Polygon network. It will be used to vote on which pieces are added to the Museum’s future exhibits. It will also allow members to curate assets and will help establish part of a $1.5M fund.

    hollywood accident luluxXX by luluxx is one work hosted by the Museum of Crypto Art.
    hollywood accident luluxXX by luluxx is one work hosted by the Museum of Crypto Art. And I mean wow. Credit: Museum of Crypto Art

    Growing the Museum of Crypto Art

    The Museum’s ultimate goal is to continue growing its collection. 50% of the MOCA tokens will be used to acquire new works. Collectors can apply to sell artwork to the Museum, and after several rounds of reviews, approved pieces will be appraised. Reviews will be done by two committees artists and collectors, with an eye toward merit. The appraisal will be done by Nonfungible.com.

    The Museum has an “explicit obligation” to never sell the works they accept. At the moment, that rule is idealistic, but will soon be coded into the Museum’s DAO. The objective of the MOCA token is to help govern the Museum, not be another speculative currency being traded for profit.

    Mediterranean Bay by Upheaver is just one of many pieces hosted by the Museum of Crypto Art.
    Mediterranean Bay by Upheaver is just one of many pieces hosted by the Museum of Crypto Art. Credit: Museum of Crypto Art

    Recording the history of the crypto art movement

    One of the Museum’s central missions is to be the definitive record of the history of crypto art, almost since its inception. By finding new ways to build and expand upon its base, it hopes to be a time capsule into this moment in time. The crypto art world is constantly changing, and changing rapidly, making it hard to remember what was notable last week, let alone last year.

    If the Museum’s MOCA plans work the way they hope, there should be plenty of room for the vast future of NFT art on its virtual walls, well into the future.

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Theo
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    Theo is NFTevening co-founder. He has been in the digital marketing & Media industry for the past 7 years and is involved in several big publishing companies - Reaching 35Millions users monthly across 20 different countries. He is a nostalgic gamer, a Witcher-fan and a huge NFT-enthusiast !

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