Animoca Brands, a leading Hong Kong-based company, takes a significant stride in advancing digital property rights and the open metaverse as it becomes the primary validator for The Open Network (TON) Blockchain. This strategic collaboration aims to drive third-party gaming and GameFi projects within the TON ecosystem, demonstrating Animoca Brands' commitment to TON's ecosystem development.
Driven by extensive research facilitated by Manuel Stotz from Kingsway Capital, the collaboration emphasizes Animoca Brands' dedication to understanding TON's potential. Research papers explored TON Blockchain's user-friendliness for decentralized applications (dApps) and scalability, crucial for community growth and TON Foundation's vision of mainstream crypto adoption.
The ongoing collaboration focuses on seamlessly transitioning existing Web2 users to innovative Web3 mini-apps with significant use case value. TON Play, a TON-based gaming infrastructure project, is set to receive support from Animoca Brands, empowering gaming projects to launch directly on Telegram.
Justin Hyun, Director of Growth at TON Foundation, sees Animoca Brands' investment as pivotal for the next era of blockchain-based gaming, aiming to integrate Web3 into the daily experiences of Telegram users globally.
Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, considers the strategic investment in TON a crucial step in onboarding the next million Web3 users. The collaboration showcases significant growth potential in TON-based games, highlighting a broader commitment to Web3 onboarding.
Animoca Brands, operating in digital entertainment, blockchain, and gamification, aligns with TON Foundation's vision of empowering users to own their digital identity, data, and assets. This collaboration signifies a landmark alliance shaping the future of Web3 gaming and blockchain innovation.