Animoca Brands, a leader in advancing digital property rights for gaming and open metaverserecently announced a significant strategic investment in the Open Network Foundation (TON) ecosystem.
As a result of this investment, Animoca Brands has become the largest validator of The Open Network Blockchain, marking an important milestone in the growth and development of both entities.
Animoca Brands supports TON Play
As announced in a recent blog postAnimoca Brands’ investment is a demonstration of its interest in supporting third-party gaming projects within the Open Network ecosystem.
One of the key initiatives supported by Animoca Brands is TON Play, a gaming infrastructure project that provides support and solutions for gaming projects built on the Open Network.
TON Play takes advantage of the huge user base of over 800 million active users Telegram usersproviding a “powerful platform” for developers to launch their blockchain-based games directly on Telegram.
Additionally, Animoca Brands has conducted “extensive research” to evaluate the potential of Open Network Blockchain to accelerate the widespread adoption of cryptocurrencies.
Through their research articles, they have highlighted the “ease of use” of TON-based decentralized applications (dApps) and the scalability of the blockchain as crucial factors for community growth and broader adoption of the cryptocurrencies.
In particular, to provide what the digital company calls “transparent insight” into blockchain growth, Animoca Brands developed an analytics dashboard that visualizes key metrics. According to the announcement, this panel will allow the public to better understand the Open network. progress and achievements.
Perfect incorporation?
According to the November 28 announcement, the collaboration between Open Network and Animoca Brands aims to seamlessly onboard existing Web2 users into Web3 Appletscreating new experiences to welcome users.
This initiative strengthens both companies’ shared vision of facilitating a “seamless transition” from Web2 to Web3, offering a new range of applications to the platform’s broad user base.
Justin Hyun, Chief Growth Officer of the Open Network Foundation, expressed his excitement about Animoca Brands’ investment, saying it is a critical step toward the future of blockchain based games.
Hyun also emphasized the alignment between Animoca Brands’ analytics platform, research reports, and the mission of the Open Network Foundation.
On the other hand, Yat Siu, co-founder and CEO of Animoca Brands, highlighted the importance of strategic investment in TON, emphasizing its commitment to onboarding the next million Web3 users.
Siu believes Open Network’s vision of bringing Web3 to the mainstream aligns with Animoca Brands’ broader mission. Siu expressed enthusiasm for the growth potentiall into TON-based games and hopes to collaborate with other “innovative teams” to develop interesting projects. Siu concluded:
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. Participating in network validation underlines our faith in the successful realization of the vision behind the TON project, which seeks to bring Web3 to the mainstream. We have already seen significant growth potential in games with TON and we are looking forward to working with other innovative teams to create exciting games based on TON.
Featured image from Shutterstock, chart from TradingView.com
