Blockchain
TON Blockchain Partners with Mocaverse and MOCA Foundation, Here’s Why
TON Blockchain has formed a strategic alliance with Animoca Brands’ Mocaverse and the MOCA Foundation. This partnership, announced today, aims to create one of the largest interoperable consumer networks in the cryptocurrency space, potentially reaching over 1.6 billion users.
Structure and Initiatives of the TON Blockchain and Animoca Partnership
TON Blockchain has announced a strategic partnership with Animoca Brands’ Mocaverse and the MOCA Foundation, marking a significant development in the cryptocurrency and blockchain industries. This collaboration aims to expand the interoperable consumer network and drive widespread consumer adoption of cryptocurrencies, potentially reshaping the landscape of Blockchain
technology.
The alliance brings together an impressive user base, combining Moca Network’s 900 million TON and 700 million addressable users. This merger creates a potential reach of over 1.6 billion users, significantly expanding the reach and influence of both platforms. Moca Network is positioning itself as a “network of networks,” with TON Blockchain serving as an anchor partner to support cross-ecosystem growth.
To govern this partnership, a steering committee will be established, consisting of representatives from Mocaverse, MOCA Foundation, and TON Foundation. This committee will oversee the partnership’s initiatives and manage a treasury dedicated to expanding the ecosystem. The collaboration includes a substantial financial commitment, with a token
swap deal valued at $20 million in TON and MOCA tokens. These funds will be used to facilitate cross-pollination between users and drive user growth across the PointFi system, as well as onboard new apps into the TON ecosystem.
A key aspect of this partnership is the focus on user reputation. The collaboration will drive adoption of the Realm SDK as a central source of user reputation across ecosystem apps on TON Blockchain. This move is intended to improve trust and credibility within the network, potentially leading to increased user engagement and adoption.
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Impact of the partnership and further strategic moves
This strategic alliance marks a significant step towards a more interconnected and user-friendly blockchain ecosystem. By pooling resources, user bases and technologies, TON Blockchain, Mocaverse and MOCA Foundation are positioning themselves to lead the charge in accelerating mainstream adoption of cryptocurrency and blockchain technology.
In a related development, Animoca Brands announced plans to launch a validator on the Core chain, aiming to improve the security and stability of the Core blockchain network. Validators play a crucial role in verifying transactions and maintaining ledger accuracy, contributing to the overall security of the network.
By becoming a validator, Animoca Brands will actively participate in the governance and stability of the Core blockchain, supporting its vision of unlocking $1.3 trillion in liquidity trapped on the Bitcoin blockchain. In addition to operating validators, Animoca Brands plans to collaborate with Core collaborators and select decentralized applications (dApps) from its Web3 investment portfolio.
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