Animoca Brands’ Investment Elevates Status as Top Validator on The Open Network (TON) Blockchain

Animoca Brands, a pioneering force from Hong Kong specializing in nurturing Web3 projects and NFT gaming, has announced its strategic investment in The Open Network (TON). This collaboration positions Animoca Brands as the largest validator on the TON blockchain, previously developed by Telegram.

The TON Foundation’s latest declaration underscores Animoca Brands’ pivotal role in advancing digital property rights within the gaming realm and the expansive open metaverse. Leveraging its expertise, Animoca Brands has been instrumental in propelling third-party gaming and GameFi projects within the TON ecosystem, aiding these projects in their journey towards scalability.

The decision to invest in TON’s ecosystem was preceded by rigorous research conducted by Animoca Brands, resulting in the creation of two comprehensive research papers. These papers delve into the potential of TON Blockchain in accelerating the widespread adoption of cryptocurrencies. They highlight the user-friendly nature of TON-based decentralized applications (dApps) and the blockchain’s scalability as pivotal factors driving community growth, aligning seamlessly with the TON Foundation’s vision of integrating crypto into daily life.

To provide transparency and insight into TON’s growth, Animoca Brands has unveiled an analytics dashboard, offering a visual representation of key metrics. This move aims to empower the public with an in-depth understanding of the TON network’s progress.

The ongoing collaboration between TON and Animoca Brands signifies a concerted effort to seamlessly onboard existing Web2 users into intuitive Web3 mini-apps with robust utility. Both entities prioritize facilitating a smooth transition from Web2 to Web3, recognizing its paramount importance in the digital evolution.

Notably, TON Play emerges as a flagship project within the TON-based gaming infrastructure, receiving support from Animoca Brands. TON Play serves as the gateway for gaming projects on TON, enabling direct launches on Telegram and allowing developers to seamlessly port existing web games into Telegram through a web app. The process is streamlined with the TON Play Toolkit, ensuring accessibility for developers of all skill levels. This endeavor taps into Telegram’s extensive user base of over 800 million users, offering game developers an unparalleled opportunity.

Justin Hyun, Director of Growth at TON Foundation, hailed Animoca Brands’ investment as a significant stride in the blockchain gaming realm. “Its new analytics platform and in-depth research reports represent alignment with TON Foundation’s mission,” stated Hyun. “Together, we will infuse Web3 seamlessly into the daily experiences of Telegram users, particularly in gaming, for a global audience to enjoy.”

Yat Siu, co-founder and executive chairman of Animoca Brands, emphasized the strategic significance of investing in TON. “This investment is pivotal in our commitment to onboard the next million Web3 users and realizing TON’s vision,” Siu commented. “We’ve witnessed substantial growth potential in TON-based games, and we eagerly anticipate collaborating with innovative teams building exciting projects within the TON ecosystem.”

In response to the news, the value of Toncoin (TON) has seen an upward trend, currently priced at $2.46, marking a positive surge of over 2% in the past 24 hours. This reaction underscores the market’s optimism towards the collaboration’s potential impact on the TON ecosystem’s growth and development.

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