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Animoca Invests in TON Blockchain 

By Tony Chimdiuto Nov28,2023 #funding #ton
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Web3 investment firm Animoca Brands is set to become the largest validator on The Open Network (TON) blockchain, and it plans to deliver blockchain-based games to messaging application Telegram’s 800 million users.

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According to its announcement shared on its website, Animoca outlined how the partnership will involve funding, research and an analytics platform for third-party TON ecosystem apps/ the telegram mini apps.

Read Also: TON: TON Integrates @wallet on Telegram to Send and Receive Crypto In-App.

The value of Animoca’s investment was not disclosed by publication. However, part of the investment is understood to have been made directly into Toncoin, which has been staked as part of the validator agreement.

Animoca has conducted extensive market research on TON’s wider ecosystem, focusing on the platform’s ability to drive cryptocurrency and GameFi adoption.

The firm plans to strategically support TON Play, a gaming infrastructure project based on the TON blockchain. The infrastructure allows gaming applications to be built on TON and launched on Telegram and even allows for porting existing web-based games to the messaging app.

Ton Play will enable developers to deliver games to some 800 million Telegram users through its web application and the mobile app’s PlayDeck bot, which allows users to browse a catalogue of mobile games.

“Animoca Brands’ investment in The Open Network is a pivotal step towards the next era of blockchain-based gaming,” said Justin Hyun, Director of Growth at TON Foundation.

The user-friendliness of TON-based dApps and TON Blockchain’s scalability were highlighted as two elements central to the community’s growth and the TON Foundation’s vision of putting crypto in every pocket. To enable the public to take a deeper dive into the numbers behind TON, Animoca Brands has created an analytics dashboard visualizing key metrics of TON’s growth, which can be accessed through this link.

The ongoing collaboration between TON and Animoca Brands will help to seamlessly onboard existing Web2 users into new, exciting, and intuitive Web3 mini-apps with strong use case value. 

This commitment highlights the importance that both Animoca Brands and TON Foundation place on facilitating a seamless transition from Web2 to Web3. 

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By Tony Chimdiuto

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