In a strategic move, Web3 investment firm Animoca Brands is set to become the largest validator on The Open Network (TON) blockchain. This partnership aims to bring blockchain-based games to Telegram’s colossal user base of 800 million. The collaboration involves funding, research, and an analytics platform for third-party TON ecosystem applications.
The Investment and TON Ecosystem Exploration
Animoca Brands has made a substantial investment in the TON blockchain, although the exact value remains undisclosed. Part of this investment is directed towards Toncoin, staked as part of the validator agreement. The company has conducted thorough market research on TON’s ecosystem, emphasizing its potential to drive cryptocurrency and GameFi adoption.
Ton Play and Game Delivery on Telegram
The strategic focus includes supporting TON Play, a gaming infrastructure project on the TON blockchain. This infrastructure allows developers to build gaming applications on TON and launch them on Telegram, opening up the possibility of porting existing web-based games to the messaging app. Animoca plans to leverage this to deliver blockchain-based games to Telegram’s extensive user base through the Ton Play infrastructure.
TON Analytics Dashboard and Web3 Integration
Animoca Brands Research introduces its TON Analytics Dashboard, gathering metrics from various components of TON’s open internet ecosystem. This includes TON Blockchain, TON DNS, TON Storage, and TON Sites. This analytics platform, along with in-depth research reports, aims to infuse Web3 functionality into the everyday experiences of Telegram users. TON Foundation director of growth, Justin Hyun, acknowledges the importance of this contribution.
Conclusion
Animoca Brands‘ investment in TON aligns with its commitment to drive the adoption and transition from Web2 to Web3. Co-founder Yat Siu expresses faith in TON’s vision, emphasizing the company’s intention to play a pivotal role in the growth of TON-based games in the coming years. This partnership marks Animoca’s second venture into blockchain validation, following its involvement with Chiliz Chain, showcasing the firm’s dedication to shaping the future of blockchain technology.
FAQs
What is TON Play, and how does it contribute to the gaming ecosystem on Telegram?
TON Play is a gaming infrastructure project based on the TON blockchain. It enables developers to build gaming applications that can be launched on Telegram, allowing for the porting of existing web-based games to the messaging app. This infrastructure opens up opportunities to deliver blockchain-based games to Telegram’s vast user base.
How does Animoca Brands plan to contribute to TON’s ecosystem beyond being a validator?
Animoca Brands plans to support TON Play strategically and explore the possibility of porting a selection of its gaming titles to Telegram. Additionally, the company has developed the TON Analytics Dashboard, providing valuable metrics and research reports to enhance the Web3 experience for Telegram users.
Why did Animoca Brands choose to invest in TON, and what growth potential does it see in the TON ecosystem?
Animoca Brands sees significant growth potential for gaming within the TON ecosystem. The investment aligns with the company’s broader efforts to drive adoption and facilitate the transition from Web2 to Web3. The partnership reflects Animoca’s confidence in TON’s vision and its commitment to playing a key role in the development of TON-based games over the next few years.
