Animoca Brands Invests In TON Blockchain

Animoca Brands Invests In TON Blockchain

Animoca Brands has become the largest validator of The Open Network blockchain, aiming to onboard the next million Web3 users. The Hong Kong-based game software company and venture capital firm’s investment was partially directed into Toncoin, which is staked as part of the validator agreement. The companies aim to onboard existing Web2 users into new Web3 mini-apps with strong use case value.

Animoca is currently supporting the growth of third-party gaming and GameFi projects within TON’s ecosystem, providing funding, research, and analytics platform for these projects. It will also support TON Play, a gaming infrastructure project based on the TON blockchain, which provides infrastructure and solutions for gaming projects to launch directly onto Telegram and for developers to transfer existing web games.

(With inputs from Shikha Singh)

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