TON Blockchain forms a consumer network with Animoca’s Mocaverse and MOCA Foundation to reach 1.6B users and promote blockchain.
TON Blockchain has established a strategic partnership with the MOCA Foundation and Animoca Brands’ Mocaverse.
This partnership, which was announced today, is to establish one of the most extensive interoperable consumer networks in the cryptocurrency sector, with the potential to reach more than 1.6 billion users.
TON Blockchain & Animoca Partnership Structure and Initiatives
TON Blockchain has announced a strategic partnership with the MOCA Foundation and Animoca Brands’ Mocaverse, which represents a significant development in the cryptocurrency and blockchain industries.
This collaboration has the potential to revolutionize the landscape of blockchain technology by expanding the interoperable consumer network and promoting the widespread adoption of consumer crypto.
The alliance unites an outstanding user base, combining Moca Network’s 700 million addressable users and TON’s 900 million.
Significantly expanding the extent and influence of both platforms, this merger has the potential to reach over 1.6 billion users.
Moreover, Moca Network is establishing itself as a “network of networks,” with TON Blockchain functioning as the anchor partner to promote cross-ecosystem growth.
Mocaverse, MOCA Foundation, and TON Foundation representatives will form a steering committee to oversee this partnership.
This committee will monitor partnership projects and administer a treasury for ecosystem expansion.
The collaboration involves a considerable financial commitment, as evidenced by a token swap agreement valued at $20 million in $TON and $MOCA tokens.
These funds will be allocated to the PointFi system to promote user growth and facilitate cross-user pollination, as well as to integrate new applications into the TON ecosystem.
The emphasis on user reputation is a key aspect of this partnership.
As a central source of user reputation across ecosystem applications on TON Blockchain, the collaboration will encourage the adoption of Realm SDK.
This approach intends to strengthen network trust and credibility, which may lead to increased user engagement and adoption.
Partnership Impact and Additional Strategic Moves
This strategic alliance represents a substantial stride toward a blockchain ecosystem that is more user-friendly and interconnected.
TON Blockchain, Mocaverse, and MOCA Foundation are establishing themselves as leaders in the mainstream adoption of blockchain technology and cryptocurrency by combining their resources, user bases, and technologies.
In a related development, Animoca Brands has announced its intention to introduce a validator on the Core chain, aiming to improve the security and stability of the Core blockchain network.
Validators are essential for the verification of transactions and the preservation of ledger accuracy, which in turn enhances the network’s overall security.
Animoca Brands will actively contribute to the governance and stability of the Core blockchain by becoming a validator, thereby advancing its objective to release $1.3 trillion of trapped liquidity on the Bitcoin blockchain.
In addition to operating validators, Animoca Brands intends to engage in collaboration with Core contributors and select decentralized applications (dApps) from its Web3 investment portfolio.
