Animoca Brands, a Web3 investment firm and gaming company, has announced its investment in Telegram’s TON blockchain protocol and its role as the largest validator of the network. The partnership aims to leverage the potential of TON to drive cryptocurrency and GameFi adoption among Telegram’s 800 million users.
We’re pleased to announce that we have officially become the largest validator of @ton_blockchain. As projects look to scale, we will assist with the growth of various #gaming and #GameFi projects on TON.
Full details: https://t.co/VwXRPIZ8Gy pic.twitter.com/fJF6a85KEu
— Animoca Brands (@animocabrands) November 28, 2023
TON is an open internet ecosystem that includes TON Blockchain, TON DNS, TON Storage, and TON Sites. It is designed to provide fast, scalable, and user-friendly services for decentralized applications. Telegram, the popular messaging app, is one of the main platforms that supports TON and allows users to access TON-based games and applications.
Animoca and Ton’s Partnership Aims to Bring Web3 Gaming and Crypto Adoption to Telegram Users
Animoca Brands has invested in Toncoin, the native token of TON, and staked it as part of the validator agreement. The firm has also conducted extensive market research on TON’s gaming infrastructure project, TON Play, which enables developers to build and launch games on TON and Telegram. Animoca Brands plans to support TON Play and port some of its own gaming titles and applications from its portfolio of over 400 Web3 projects to Telegram.
Additionally, Animoca Brands Research has developed a TON Analytics Dashboard, which gathers and displays various metrics from the TON ecosystem, such as network activity, token distribution, validator performance, and user behavior. The dashboard is intended to provide valuable insights for developers, investors, and users of TON.
Justin Hyun, director of growth at TON Foundation, welcomed Animoca Brands as a strategic partner and praised its contribution to the TON ecosystem. He said that the analytics platform and the in-depth research reports provided by Animoca Brands will help infuse Web3 functionality into the everyday experiences of Telegram users.
Yat Siu, co-founder of Animoca Brands, said that the investment in TON is aligned with the firm’s vision to drive the transition from Web2 to Web3. He said that the firm has identified significant growth potential of gaming within the TON ecosystem and intends to drive the development of TON-based games over the next few years. He also expressed his faith in the successful realization of the vision behind the TON project as it looks to bring Web3 into the mainstream.