- The TON Foundation announces a new partnership.
- This partnership further strengthens our relationship with Animoca Brands.
- This includes multi-million dollar initiatives to foster ecosystem growth.
The TON Foundation announced a multi-million dollar strategic partnership with Mocaverse, an Animoca Brands subsidiary, and the MOCA Foundation.
This partnership comes after Animoca Brands became the largest validator for The Open Network (TON) in November last year through a broad partnership to facilitate a smooth transition from Web2 to Web3.
TON Foundation’s $20 Million Initiative
The TON Foundation said in a statement on July 22 that the partnership agreed to create a $20 million MOCA coin and Toncoin reserve to drive user adoption in the TON ecosystem and incentivize developers through joint incentives such as The Open League, accelerator programs, and hackathons.
The foundation will also work with the MOCA Foundation to facilitate “go-to-market” and cross-pollination of users within their respective ecosystems using token resources.
“With this partnership, Animoca Brands and Mocaverse will actively promote the benefits of launching and integrating with the TON blockchain for their partners developing gaming projects,” the statement read.
Through this partnership, Mocaverse will support the development of TON’s reputation evaluation system and provide game and content system data for TON Society ID, a decentralized identity proof that is expected to build a user-based governance system by 2028.
Mocaverse has established itself as a pioneer in Web3 ID and PointFi systems within the Animoca Brands ecosystem. The company’s Moca ID allows users to access over 400 rewarding experiences from Animoca Brands’ investment portfolio using on-chain reputation proof.
According to the statement, portfolio companies including Animoca Brands and Moca Network will enrich the TON ecosystem with consumer content focused on culture and entertainment as part of the deal.
Stay up to date on recent phishing attacks targeting TON ecosystem users.
SlowMist Flags Expanding Phishing Attacks in TON Ecosystem
Read about Binance’s support for USDT deposits and withdrawals on TON:
TON, Binance’s USTD Integration Significantly Improves Usability