Mocabus, a non-fungible token (NFT) collection from blockchain gaming and venture capital firm Animoca Brands, has entered into a strategic partnership with Ton Blockchain. The collaboration aims to accelerate the adoption of Web3 technology among the general public. According to a blog post on July 22, Mocabus confirmed that it has partnered with Ton Blockchain to develop an interoperable consumer network. The two companies are focused on facilitating the widespread use of cryptocurrencies and NFTs.
Launched in March 2023, Mocaverse is an NFT collection introduced by Animoca Brands, a leading blockchain gaming and NFT infrastructure provider. The Mocaverse collection consists of 8,888 NFTs featuring a character called Mocas hosted on the Ethereum blockchain. The project was designed to strengthen the ecosystem for Animoca Brands’ Web3 and metaverse-centric initiatives. Additionally, it aims to unify the company’s portfolio of crypto projects, subsidiaries, joint ventures, and partners through the unique NFT collection.
On the other hand, the Open Network (TON) is a decentralized computer network that includes a Layer 1 blockchain with various components. TON is dedicated to integrating cryptocurrencies into everyday life by building a Web3 ecosystem within Telegram and simplifying digital ownership for billions of users.
Consolidating your user base for exponential growth
Under this strategic partnership, Mocaverse plans to integrate its 900 million users with TON’s 700 million users, creating a total user base of over 1.6 billion. The goal is for the Moca network to be a network of networks, with TON acting as a key partner to support cross-ecosystem growth. This initial collaboration is expected to pave the way for further partnerships within the broader TON ecosystem.
Additionally, Mocaverse and the TON Foundation plan to establish a Steering Committee to oversee partnership efforts and manage funds for ecosystem development. The committee will leverage the $20 million in $TON and $MOCA tokens obtained from the token swap agreement to drive engagement and growth among users through the onboarding of applications into the PointFi system and the TON ecosystem.
Market reaction and future outlook
The announcement of this new partnership had a significant impact on the Mocaverse NFT collection. According to data from CoinGecko.com, a well-known crypto market data aggregator and NFT collection explorer, trading volume for Mocaverse NFTs surged by over 100% immediately following the news. In the past 24 hours, the Mocaverse NFT collection recorded a trading volume of 20 ETH, up 106% from the previous day. Additionally, shortly after the partnership announcement, the floor price of Mocaverse NFTs increased from 1.38 ETH to 1.48 ETH, contributing to the collection’s market cap of 13,119 ETH.
This collaboration between Mocaverse and Ton Blockchain marks a major step towards mainstream adoption of Web3 technology. By combining their extensive user bases and leveraging their respective strengths, the two companies aim to drive significant growth and innovation in the cryptocurrency and NFT space. The establishment of a steering committee and the mobilization of significant resources underscore the commitment of both companies to foster a vibrant ecosystem that benefits both users and partners. As the partnership progresses, we expect to see further developments and additional collaborations within the TON ecosystem, promising exciting opportunities for the future of Web3.
