Animoca Brands Invests in Open Network Foundation
Animoca Brands, a prominent company in the digital property rights for gaming and open metaverse, has recently made a significant strategic investment in the Open Network Foundation (TON) ecosystem. This move makes Animoca Brands the largest validator of The Open Network Blockchain, marking a significant milestone for both entities.
Supporting TON Play
Animoca Brands’ investment demonstrates their interest in supporting third-party gaming projects within the Open Network ecosystem. One of the initiatives they are backing is TON Play, a gaming infrastructure project that offers support and solutions for gaming projects built on the Open Network. TON Play utilizes Telegram’s massive user base to provide developers with a powerful platform to launch blockchain-based games directly on Telegram.
In addition to their investment, Animoca Brands has conducted comprehensive research to evaluate the potential of the Open Network Blockchain in accelerating mainstream cryptocurrency adoption. They have highlighted the user-friendliness of TON-based decentralized applications (dApps) and the scalability of the blockchain as crucial factors for community growth and wider crypto adoption.
Analytics Dashboard and Onboarding
Animoca Brands has also developed an analytics dashboard that visualizes key metrics to provide transparent insight into the growth of the blockchain. This dashboard will allow the public to better understand the progress and achievements of the Open Network.
The collaboration between the Open Network and Animoca Brands aims to seamlessly onboard existing Web2 users into Web3 mini-apps, creating new experiences for welcoming users. This aligns with both companies’ shared vision of facilitating a seamless transition from Web2 to Web3 and offering a range of applications to their extensive user base.
Pivotal Step for Blockchain Gaming
Justin Hyun, Director of Growth at the Open Network Foundation, expressed enthusiasm about Animoca Brands’ investment, seeing it as a pivotal step towards the future of blockchain-based gaming. Hyun also emphasized the alignment between Animoca Brands’ analytics platform, research reports, and the Open Network Foundation’s mission.
Yat Siu, co-founder and executive chairman of Animoca Brands, highlighted the significance of the strategic investment in TON and their commitment to onboard the next million Web3 users. Siu believes that the Open Network’s vision aligns with Animoca Brands’ broader mission and looks forward to collaborating with other innovative teams to develop exciting TON-based projects.
Hot Take: Animoca Brands Invests in Open Network Foundation
Animoca Brands’ strategic investment in the Open Network Foundation is a significant move that solidifies their position as a major player in advancing digital property rights for gaming and the open metaverse. By becoming the largest validator of The Open Network Blockchain, Animoca Brands is demonstrating its commitment to supporting third-party gaming projects within the Open Network ecosystem.
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