In this post:
- Moca Network has debuted the world’s first verifiable loyalty platform, AIR Shop, which is developed with Spree Finance in partnership with SK Planet.
- The platform will be available to all users for free, with higher membership tiers and rewards unlocked through Moca Network and SK Planet credentials.
- The firm also revealed that AIR Shop will reward users up to 31% of their spend (depending on membership tier) at participating merchants.Â
Moca Network announced on Monday the launch of one of the world’s first verifiable loyalty platforms called AIR Shop. The platform was developed with a commerce and rewards infrastructure layer for tokenized economies, Spree Finance, in partnership with SK Planet.
Moca Network said AIR Shop is a platform designed to create verifiable and interoperable loyalty programs. The platform will be available to all users for free, with higher membership tiers and rewards unlocked through Moca Network and SK Planet credentials.
SK Planet integrates with AIR Identity
The leading South Korean information and communications technology firm, SK Planet, revealed that it had taken the strategic step to adopt Moca Network’s enterprise-grade decentralized identity infrastructure. The operator of OK Cashbag also said the integration of AIR Identity, Moca Network’s flagship digital identity protocol, into its system has enabled it to provide more than 29 million users and 95,000 merchants with verifiable and interoperable identity services.
The services are also powered by zero-knowledge proof technology, which ensures user data sovereignty and interoperability. Chief business officer of SK Planet, Kyosu Kim, said the firm 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 ur 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.”
-Kyosu Kim, Chief Business Officer of SK Planet.
Moca Network acknowledged that AIR Shop is a verifiable loyalty platform that provides users access to a wide range of global offers, including flights, hotels, car rentals, villas, premium retail, and VIP experiences. The firm also revealed that AIR Shop will reward users up to 31% of their spend (depending on membership tier) at participating merchants.
Users will also get to redeem or spend points earned for their participation transparently on-chain. Moca Network added that the platform’s real-world travel deals and unique experiences are powered by Booklt.com.
AIR Shop rewards participants in AIR SP
According to the report, users can create an AIR account at the AIR Shop for free access to a Basic Tier membership. Tier upgrades will also be available to users with selected verified credentials tied to OK Cashbag’s OCB loyalty points, MOCA Coin, and Mocaverse NFT staking status. The initiative will allow users to unlock rewards earned in AIR SP, the stablecoin-backed loyalty point system of AIR Shop.
Project lead of Moca Network, Kenneth Shek, stated that AIR Shop represents a new era of verifiable loyalty, arguing that it rewards users with precision while preventing reward abuse. He also believes that SK Planet is positioning itself at the forefront of loyalty and decentralized identifier innovation by giving users ownership of their data and allowing digital identities to be verifiable in a highly interoperable manner.
Moca Network revealed that AIR Shop is launching a series of exclusive sweepstakes campaigns to mark the debut of its platform. The firm said eligible participants can enter sweepstakes campaigns using AIR SP for a chance to win prizes, including a five-day luxury vacation in Jeju Island, Grand Prix racing experiences, and BLACKPINK concert tickets in Tokyo Dome, and more.
