Animoca Brands becomes TON Blockchain’s largest validator

Animoca Brands, a Hong Kong-based metaverse and gaming venture firm, has announced a strategic investment into Ton Network, and is also now the blockchain platform’s largest validator.

As announced on November 28, the Web3 firm will use the collaboration to enhance the TON ecosystem, providing funding and research. Toncoin (TON) price was up 3% on Tuesday after the news, trading around $2.46.

Animoca Brands is TON's largest validator

Animoca Brands revealed that its investment in TON had seen it become the blockchain platform's largest validator. Apart from this, the Web3 investor is also geared towards supporting third-party gaming and GameFi projects building on TON. The goal is to help onboard more users from Web2 to Web3.

Justin Hyun, director of Growth at TON Foundation, said via a press release:

Yat Siu, co-founder and executive chairman of Animoca Brands, noted:

Animoca Brands to support TON Play

The investment in TON comes after an “extensive research” by Animoca, according to details in the press release. The research included two papers that explored TON Blockchain and its potential to “accelerate the mainstream adoption of crypto.”

As higglighted in the report, TON-based dApps’ user-friendliness and the blockchain network’s scalability are two elements that could catapult community growth amid TON Foundation’s goal of promoting crypto adoption and financial freedom.

One of the projects to get Animoca Brands’ support will be TON Play, a gaming infrastructure provider on TON. With TON Play, gaming projects can access the infrastructure and solutions they need to build and launch games directly onto Telegram.

Developers can also use web apps to directly port any web game inside Telegram.