The Open Network Foundation and Mantle Network Form Strategic Alliance for Interoperable EVM-Compatible Layer 2 Blockchain Capabilities
The Open Network Foundation (TON Foundation) has announced a strategic alliance with Mantle Network, a leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This partnership aims to enhance interoperable EVM-compatible Layer 2 blockchain capabilities on TON.
Trading and Liquidity Provision with $jMNT on STON.fi
Mantle Network has introduced a wrapped version of its token, $MNT, called $jMNT. This wrapped token is now available for trading and liquidity provisions on STON.fi, a cross-chain decentralized exchange (DEX). The introduction of $jMNT facilitates easier interactions and integrations between Mantle and TON, streamlining access for trading capabilities between networks.
Enhanced Community Engagement through Telegram
In addition to token integration, the collaboration between TON Foundation and Mantle Network includes utilizing the @community_bot, a Telegram-native toolset for communities. This toolset will serve as an education and information distribution platform, connecting users in Mantle’s Telegram channels and Mantle Ecosystem project channels directly to TON’s thriving community on Telegram. By fostering mutual information exchange and enhanced community interactions, both communities will benefit while building a Web3 ecosystem in Telegram for the messaging platform’s 800+ million monthly active users.
“This initiative with Mantle Network bridges the gap between our communities, establishing a more interconnected and interoperable Web3 ecosystem for Telegram’s large user base,” said Justin Hyun, Director of Growth at TON Foundation. “Together, we are equipping users across both ecosystems with the most simple cross-chain experience possible.”
“We are thrilled to find a common purpose with TON Foundation through a strong alliance that will allow the core competency of each to shine and bring the greatest benefits to both communities,” said Jordi Alexander, Chief Alchemist of Mantle. “As TON Foundation’s principal ally towards advancing EVM-compatible Layer 2 blockchain capabilities on TON, we will work hand in hand with TON to help realize the vision of an interoperable multichain future that puts the users at the center.”
About TON Foundation
The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. It is funded by the community and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.
About The Open Network (TON)
The Open Network (TON) aims to build a Web3 ecosystem in Telegram Messenger, providing billions of people with the opportunity to own their digital identity, data, and assets. Learn more at https://ton.org.
About Mantle
Mantle Ecosystem consists of Mantle Network, a decentralized autonomous organization (DAO), Mantle Governance, Mantle Treasury, and Mantle LSD. Mantle Network is an Ethereum Layer 2 (L2) that aims to be compatible with the Ethereum Virtual Machine. It utilizes a modular architecture that allows for individual upgrades and adoption of innovations. Mantle token ($MNT) powers Mantle Network and serves as its governance token. To support innovators and developers, Mantle has established the Mantle Grants Program and Mantle EcoFund. Learn more at https://www.mantle.xyz.
Hot Take: TON Foundation and Mantle Network Collaborate for Interoperable EVM-Compatible Layer 2 Blockchain Capabilities
The Open Network Foundation (TON Foundation) and Mantle Network have joined forces to enhance interoperable EVM-compatible Layer 2 blockchain capabilities. This collaboration not only enables seamless trading and liquidity provision through the wrapped token $jMNT on STON.fi but also fosters community engagement through Telegram. By utilizing the @community_bot toolset, both communities can exchange information and build a Web3 ecosystem for Telegram’s vast user base. The strategic alliance between TON Foundation and Mantle Network aims to establish an interconnected and interoperable Web3 ecosystem, bringing benefits to users across both platforms. Together, they are working towards a vision of a multichain future that prioritizes user-centric experiences.
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