Animoca Brands Becomes Largest Validator of TON Blockchain

Bits Logics Team . 28th Nov 2023

• Animoca Brands is now the foremost validator for The Open Network (TON) Blockchain.
• The ongoing collaboration between TON and Animoca Brands aims to facilitate a seamless transition from Web2 to Web3
• To provide transparency and insight into TON’s growth metrics, Animoca Brands has introduced an analytics dashboard accessible to the public.

Animoca Brands, a trailblazer in advancing digital property rights for gaming and the open metaverse, has been announced as the largest validator of The Open Network (TON) Blockchain by the TON Foundation. This strategic collaboration, facilitated by Manuel Stotz from Kingsway Capital, signifies Animoca Brands’ unwavering commitment to the growth and development of TON’s ecosystem.

Animoca Brands, known for its extensive portfolio of over 400 Web3 projects, conducted thorough research before making this strategic investment in TON’s ecosystem. Two research papers were generated, shedding light on the potential of TON Blockchain to expedite the mainstream adoption of cryptocurrencies. Notably, the user-friendliness of TON-based decentralized applications (dApps) and the scalability of TON Blockchain were identified as pivotal factors in driving community growth, aligning with the TON Foundation’s mission of bringing crypto into every pocket.

To provide transparency and insight into TON’s growth metrics, Animoca Brands has introduced an analytics dashboard accessible to the public. This dashboard visualizes key indicators, offering a deeper understanding of TON’s progress.

The ongoing collaboration between TON and Animoca Brands aims to facilitate a seamless transition from Web2 to Web3, onboarding existing users into innovative Web3 mini-apps with substantial use case value. TON Play, a gaming infrastructure project within the TON ecosystem, is a focal point of Animoca Brands’ support. TON Play streamlines the launch of gaming projects on Telegram and enables developers to effortlessly port existing web games into Telegram through a web app, leveraging the TON Play Toolkit for intuitive blockchain-based game development.

Justin Hyun, Director of Growth at TON Foundation, expressed enthusiasm about Animoca Brands’ investment, stating, “Animoca Brands’ investment in The Open Network is a pivotal step towards the next era of blockchain-based gaming.” Hyun emphasized the alignment of Animoca Brands’ analytics platform and research reports with the TON Foundation’s mission to seamlessly integrate Web3 into daily experiences, particularly in gaming, for a global audience.

Yat Siu, co-founder and executive chairman of Animoca Brands, highlighted the significance of the strategic investment, stating, “This strategic investment in TON is a key part of our broader commitment to help onboard the next million Web3 users by facilitating a seamless transition from Web2 to Web3.” Siu expressed confidence in TON’s vision, emphasizing the growth potential witnessed in TON-based games and the eagerness to collaborate with other innovative teams within the TON ecosystem.

As Animoca Brands assumes the role of TON Blockchain’s largest validator, the partnership is poised to drive forward the integration of Web3 gaming experiences, marking a pivotal moment in the evolution of blockchain technology and digital property rights within the open metaverse.