TON Blockchain and Mocaverse Target 1.6 Billion Users

On Jul 23, 2024

The TON Blockchain, Mocaverse, and the MOCA Foundation have announced a strategic partnership: to build an interoperable consumer network with a mission to capture a user base of over 1.6 billion people. The move aims to ensure growth and speed up crypto adoption within Animoca Brands‘ Mocaverse and TON Blockchain ecosystems.

Uniting for Growth: Partnership Details with TON Foundation

The partnership will focus on using MOCA Coin (MOCA) and Toncoin to develop an identity- and reputation-based consumer network enabling interoperability between the two as hosts of Moca ID into the TON Blockchain and Ecosystem. It strengthens the ability of TON Society ID to facilitate user cross-pollination.

Such a strategic partnership allows users to engage across both ecosystems to foster the adoption of a joint layer with incentives, not only by users but by projects, into both the Animoca Brands and the TON Blockchain ecosystems, for example, social casual gaming apps like Gamee.

Ultimately, this collaboration could have a striking impact on the growth of users upon the extension of the interoperable consumer network and through the leverage of consumer crypto in driving universal adoption, which could be a big step in altering the face of blockchain.

Yat Siu, executive chairman and co-founder of Animoca Brands, emphasized the potential of this alliance, highlighting that it combines a shared mission around Web3 adoption and digital property rights. “The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects.”

The strategic partnership will also involve the integration of the Realm Network SDK and Telegram’s Mini App Platform. This will allow for joint accounts, identities, reputation systems, and points that will reach across the networks and guarantee smooth interactions within and between the respective ecosystems.

Execution and Projects for User Growth

MOCA Coin (MOCA) and Toncoin (TON), worth USD$20 million in total, will be deployed for the exclusive purpose of developer and user incentive for the adoption of both ecosystems, including joint airdrops to be conducted via TON’s The Open League and Moca Network’s PointFi platform.

The token swap agreement now foresees TON acquiring MOCA tokens at a higher premium price, confirming even more the strategic value of the partnership and leveraging the investment portfolio of Animoca Brands.

Co-branded hackathons and an accelerator are also set to be launched by Mocaverse, with the two foundations engaging the most talented developers within both the ecosystems and TON Blockchain.

The expected user adoption and growth of the ecosystem resulting from this collaboration will significantly boost the long-term vision of creating a strong integrated platform for content, gaming, and community engagement.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.

Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.
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