Animoca Brands Becomes Largest Validator on TON Network
Hong Kong-based investment firm, Animoca Brands, has announced its partnership with the TON Blockchain to provide funding, research, and an analytics platform for third-party TON applications. Through its investment in TON Play, Animoca plans to deliver blockchain-based games to Telegram’s 800 million users.
TON Play: Gaming Infrastructure on TON Blockchain
Animoca intends to support TON Play, a gaming infrastructure initiative built on the TON blockchain. This framework enables the development and launch of gaming applications on Telegram. It also allows for the seamless transfer of existing web-based games to the messaging app.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Investment Details and Future Plans
The exact amount of Animoca’s investment was not disclosed. However, a portion of the investment was allocated to Toncoin as part of the validator agreement. The company is exploring the possibility of transferring some of its gaming titles and applications from its portfolio of over 400 Web3 projects to the Telegram platform.
TON Analytics Dashboard by Animoca Brands Research
Animoca Brands Research has created its own TON Analytics Dashboard, which aggregates metrics from various components of TON’s open internet ecosystem. This includes data from TON Blockchain, TON DNS, TON Storage, and TON Sites.
Commitment to Web3 Transition
Yat Siu, co-founder of Animoca Brands, stated that the investment in TON aligns with their commitment to facilitate a seamless transition from Web2 to Web3. They believe in the growth potential of games with TON and look forward to collaborating with other teams developing exciting TON-based games.
Hot Take: Animoca Brands Expands Influence on TON Network
Animoca Brands’ investment in TON Play not only positions them as the largest validator on the TON Network but also demonstrates their dedication to advancing blockchain-based gaming. With plans to deliver games to Telegram’s massive user base and the creation of their own analytics platform, Animoca Brands is solidifying its role in the Web3 transition.
