TON Blockchain has entered into a strategic partnership with Animoca Brands’ Mocaverse and the MOCA Foundation. The partnership, announced today, aims to create the largest interoperable consumer network in the cryptocurrency space, with the potential to reach over 1.6 billion users.
Structure and Initiatives of the TON Blockchain and Animoca Partnership
TON Blockchain announced a strategic partnership with Animoca Brands’ Mocaverse and the MOCA Foundation, marking a significant development in the cryptocurrency and blockchain space. The collaboration aims to expand interoperable consumer networks, drive consumer cryptocurrency adoption and transform the blockchain landscape.
technology.
The partnership brings together an impressive user base of TON’s 900 million users and Moca Network’s 700 million target users. The merger will potentially reach over 1.6 billion users, significantly expanding the reach and influence of both platforms. Moca Network positions itself as a “network of networks,” with TON Blockchain acting as an anchor partner to drive cross-ecosystem growth.
To manage this partnership, a Steering Committee will be established consisting of representatives from Mocaverse, MOCA Foundation and TON Foundation. This committee will oversee the partnership efforts and manage a fund dedicated to expanding the ecosystem. This collaboration will include a significant token funding commitment.
$TON and $MOCA token swap agreement worth $20 million. These funds will be used to facilitate user interaction and drive user growth through the PointFi system, as well as introduce new apps to the TON ecosystem.
A key aspect of this partnership is its focus on user reputation. The collaboration will drive adoption of the Realm SDK as a central source of user reputation across ecosystem apps on the TON blockchain. This move will increase trust and credibility within the network, potentially leading to increased user engagement and adoption.
Also read: Yatoshi Kusama features Shiba Inu treat token fail
Impact of Partnerships and Additional Strategic Moves
This strategic partnership marks an important step towards a more interconnected and user-friendly blockchain ecosystem. By combining resources, user base and technology, TON Blockchain, Mocaverse and MOCA Foundation are positioned to lead the effort to accelerate the mainstream adoption of cryptocurrency and blockchain technology.
Relatedly, Animoca Brands has announced plans to launch validators on the Core chain, aiming to enhance the security and stability of the Core blockchain network. Validators play a vital role in verifying transactions and maintaining the accuracy of the ledger, contributing to the security of the overall network.
By becoming a validator, Animoca Brands will actively participate in the governance and stability of the Core blockchain and support the vision of unlocking the $1.3 trillion in liquidity trapped on the Bitcoin blockchain. Beyond operating as a validator, Animoca Brands will also work with Core contributors to select decentralized applications (dApps) from its Web3 investment portfolio.
Related article: Mt. Gox Plans Massive Bitcoin Repayment Ahead of Ethereum ETF Launch
