Mocaverse partners with TON Blockchain to integrate Moca ID and scale user engagement across the ecosystem. The collaboration focuses on social gaming, sports and IP experiences to enhance user onboarding and interaction.
Mocaverse has announced a strategic partnership with TON Blockchain to expand its interoperable consumer network and accelerate cryptocurrency adoption by real consumers.
This collaboration marks a major step forward in the cryptocurrency space, with both the TON and MOCA foundations using their respective market development and token resources to foster greater user interaction and engagement within their respective ecosystems.
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We are pleased to announce strategic partnerships with the following companies: Ton Blockchain Grow the interoperable consumer network. Together, we will drive true consumer crypto adoption.
900 Million + 700 Million = 1.6 Billion+ Target Users 🤳🏻
With over 700 million addressable users on the Moca Network, this… pic.twitter.com/gIGugmlxwF
— Moca Bus💼🪐 (@Moca_Network) July 22, 2024
Moca ID integration to strengthen TON blockchain reputation system
The partnership aims to incorporate Moca ID into the TON blockchain’s reputation system and improve the TON ecosystem within the TON Society ID framework. The effort highlights both foundations’ focus on providing a seamless, user-friendly experience for the community.
One of the most impressive features is the massive addressable user base that this partnership enables: Moca Network has 700 million addressable users, and TON Blockchain has 900 million addressable users, bringing the total to a staggering 1.6 billion.
This strategic collaboration will ensure unparalleled growth and participation opportunities for each ecosystem.
Yat Siu, Chairman and Co-Founder of Animoca Brands, commented: “The collaboration between Mocabus, the TON Foundation and the MOCA Foundation marks a milestone in our shared mission to advance mass adoption of Web3 and digital property rights.”
“Telegram and the TON Foundation’s unique partnership and the collaboration announced today will create an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, exponentially expanding the network effect of each.”
Focus on social gaming and culture areas for user onboarding
The collaboration will focus on consumer onboarding and interaction across key cultural verticals including social casual gaming, sports and intellectual property experiences.
In particular, GAMEE, the popular social gaming platform, will play a key role in the project, an approach that aligns with both foundations’ long-term strategic goal of building vibrant, interactive communities.
Moca Network aims to be a “network of networks,” with TON as an anchor partner to drive cross-ecosystem growth. This partnership is expected to pave the way for future partnerships with other apps in the TON ecosystem, enabling a more integrated and resilient blockchain environment.
To ensure the success of the partnership, Mocaverse, MOCA Foundation, and TON Foundation will form a Steering Group that will be responsible for coordinating the partnership activities and managing the funding to support the growth of the ecosystem.
The Committee will deploy resources from the USD 20 million token swap agreement to drive user growth through the PointFi system and integrate the app into the TON ecosystem.
With this partnership, the Realm Network SDK will also be used as the primary source of user reputation for ecosystem apps on the TON blockchain, a step that is expected to increase the legitimacy and reliability of user interactions in the ecosystem.
At the time of writing, the TON blockchain’s native token (TON) is trading around $7.03, down 1.55% in the past 24 hours. The token has been in a bearish trend over the past week and has been flat over the past month.
Meanwhile, CNF recently reported that cryptocurrency exchange BitGet has announced that it will list Mocaverse’s token (MOCA) on July 11, 2024.
Additionally, Animoca Brands has worked with Standard Chartered Bank and Hong Kong Traders to establish a sandbox for stablecoin issuance under the Hong Kong Monetary Authority. The collaboration aims to revolutionize the use of stablecoins while supporting Hong Kong’s digital asset ecosystem.
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