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Home»BITCOIN NEWS»Animoca Brands Secures Top Validator Position on TON Network with Strategic Investment
BITCOIN NEWS

Animoca Brands Secures Top Validator Position on TON Network with Strategic Investment

By Crypto FlexsNovember 28, 20233 Mins Read
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Animoca Brands Secures Top Validator Position on TON Network with Strategic Investment
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Animoca Brands, a leader in advancing digital property rights in games and gaming open metaverserecently announced a large strategic investment in the Open Network Foundation (TON) ecosystem.

As a result of this investment, Animoca Brands has become the largest validator of open network blockchains and marks an important milestone in the growth and development of both companies.

Animoca Brand Supports TON Play

As recently announced blog postAnimoca Brands’ investment demonstrates its interest in supporting third-party gaming projects within an open network ecosystem.

One of the key initiatives supported by Animoca Brand TON Play is a game infrastructure project that provides support and solutions for game projects built on Open Network.

TON Play leverages a base of over 800 million active users. telegram userIt provides a “powerful platform” for developers to launch blockchain-based games directly on Telegram.

Animoca Brands also conducted a “comprehensive study” to evaluate the potential of open network blockchains in accelerating mainstream adoption of cryptocurrencies.

In their research paper, they highlighted the “user-friendliness” of TON-based decentralized applications (dApps) and the scalability of the blockchain as important factors for community growth and widespread cryptocurrency adoption.

In particular, Animoca Brands developed an analytics dashboard that visualizes key metrics to provide what the digital company calls “transparent insights” into blockchain growth. According to the announcement, this dashboard will allow the public to access the Open Network’s progress and achievements.

Seamless onboarding?

According to a November 28 announcement, the collaboration between Open Network and Animoca Brands will allow existing Web2 users to Web3 mini appCreate new experiences that welcome users.

This initiative reinforces the two companies’ shared vision of facilitating a “seamless transition” from Web2 to Web3 and delivering an array of new applications to the platform’s broad user base.

Justin Hyun, growth director of the Open Network Foundation, expressed enthusiasm about the investment in the Animoca brand, calling it “a pivotal step toward the future.” Blockchain-based game.

Hyun also emphasized the alignment between Animoca Brands’ analytics platform, research reports, and the mission of the Open Network Foundation.

Meanwhile, Yat Siu, Co-founder and Chairman of Animoca Brands, emphasized the importance of strategic investment in TON, emphasizing its commitment to reaching the next million Web3 users.

Siu believes Open Network’s vision to bring Web3 into the mainstream aligns with Animoca Brands’ broader mission. Siwoo expressed his excitement. Growth Potentiall We are working on TON based games and look forward to collaborating with other “innovative teams” to develop exciting projects. Siwoo concluded as follows:

This strategic investment in TON is a key part of our broader effort to help onboard the next million Web3 users by facilitating a seamless transition from Web2 to Web3. Participating in network validation underscores our belief that the TON project’s vision of bringing Web3 into the mainstream will be successfully realized. We’ve already seen significant growth potential in games using TON, and we look forward to collaborating with other innovative teams building exciting TON-based games.

The daily chart shows a 2% upward trend for Toncoin over the last 24 hours. Source: TONUSDT on TradingView.com

Featured image from Shutterstock, chart from TradingView.com

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